$ 549,900
-
$549,900
Price -
4
Bed -
2
Bath -
2,380
SqFt -
0.15
Acre
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About the Listing 5116 - 502003778,502038542,502026647
Exceptional Up/Down Duplex Near Lake Harriet & Minnehaha Creek. Discover a rare opportunity to own a charming and versatile duplex ideally located on the corner of 53rd Street and Penn Avenue, just one block from scenic Minnehaha Creek and only five blocks south of Lake Harriet. This property features two spacious units, each offering a thoughtfully designed layout that includes a bright living room, formal dining room, full kitchen, two bedrooms, one full bathroom, and a cozy fireplace. The main-level unit showcases beautiful hardwood floors throughout, while the upper unit is comfortably carpeted, providing an added layer of quiet and privacy for tenants. Each unit includes its own garage stall, adding convenience and value for occupants. The unfinished lower level presents outstanding expansion potential and includes an additional fireplace—bringing the total to three fireplaces throughout the home. Whether you're an investor seeking strong rental income, an owner-occupant looking to offset expenses, or exploring short-term rental opportunities such as Airbnb, this property offers exceptional flexibility. Current rents are below market, presenting immediate value-add potential.Enjoy an unbeatable lifestyle with easy access to nearby beaches, popular biking and walking trails, and neighborhood favorites like Broders’ Pasta Bar, Nico’s Tacos, and more — all just minutes away. A unique blend of location, character, and income potential—this is one you won’t want to miss.
Listing Highlights
Interior Details
- Bedrooms: 4
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating: Forced Air,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 2380
- Basement: Block,Full
- Other:
- Water: City Water/Connected
Exterior Details
- Lot Description: Corner Lot,Tree Coverage - Light
- Garage Capacity: 2 car
- Lot Dimensions: See Lister
- Zoning: Residential-Multi-Family
- Roof: Age Over 8 Years
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Detached Garage,Asphalt
Financial Details
- Tax Amount: $10,519
- Taxes w/Assessments: N/A
- Tax/Property ID: 1702824440116
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
5300 Penn Ave S Minneapolis, MN 55419
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