3229 Penn Ave N

Minneapolis, MN 55412
  • $350,000

    Price
  • 6

    Bed
  • 2

    Bath
  • 2,006

    SqFt
  • 0.12

    Acre

About the Listing 5353 - 502050540,506019338

Fantastic investment opportunity! This well-maintained and updated true up-and-down duplex offers strong rental income, excellent potential, and easy rental appeal. Top Unit is owner occupied and the bottom unit is 1200/month Each spacious unit features 3 bedrooms, 1 bathroom, beautiful hardwood floors, a separate furnace and water heater, and tenant-paid utilities. Built in 1963, this solid duplex also features coin-operated laundry, off-street parking, and numerous updates throughout. The basement offers additional space with potential to add a third unit, subject to city approval. With large units, separate utilities, strong rents, and a desirable layout, this is a great opportunity for an investor looking for a turn-key, income-producing property with additional upside.

Listing Highlights

Status Active
Days on Site 7
Property Type Multi-Family
MLS ® 7146328
Year Built 1963
Total Square Footage 2,006
Lot/Acreage 0.12
County Hennepin
Neighborhood Rheems Add
School District Minneapolis

Interior Details

  • Bedrooms: 6
  • Bathrooms: 2 Full
  • Appliances:
  • Air Cond:
  • Heating: Forced Air,Natural Gas
  • Fireplaces:
  • Floor:
  • Above Ground Sq Ft: 2006
  • Basement: Daylight/Lookout Windows,Full,Shared Access,Unfinished
  • Other:
  • Water: City Water/Connected

Exterior Details

  • Lot Description: Tree Coverage - Light
  • Garage Capacity: N/A
  • Lot Dimensions: 40X126
  • Roof: Age Over 8 Years
  • Others:
  • Sewer: City Sewer/Connected
  • Parking Features: Parking Lot,Paved Lot

Financial Details

  • Tax Amount: $4,039
  • Taxes w/Assessments: N/A
  • Tax/Property ID: 0802924140155
  • Tax Year: 2026

Payment Calculator

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Questions About..

3229 Penn Ave N Minneapolis, MN 55412

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Originating MLS: northstar

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Brad Bemowski

Realtor and Licensed Real Estate Broker | Brad Bemowski | Homcentric Real Estate, powered by Property Executives Realty

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