For Sale Multi-Family MLS# 7071394

2121 Penn Avenue S

Minneapolis, MN 55405

$1,229,000

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About 2121 Penn Avenue S

Beautiful all-brick 4-plex just a half block from Lake of the Isles in the coveted Kenwood neighborhood. This classic building showcases timeless craftsmanship, with interior units featuring natural oak woodwork and hardwood floors. Three units include original built-in buffets and elegant room dividers with bookcases separating the living and dining rooms.

A previous owner thoughtfully opened the sunroom and living room in Unit 1, creating an expansive, inviting space rarely found in buildings of this era. Over the years, all kitchens have been updated with a clean, modern style that complements the building’s historic character.

Major mechanical updates provide peace of mind and strong rental appeal: tenants pay their own heat and electricity, supported by four newer boilers (2017), four individual hot water heaters, and separate updated electrical panels. The roof was replaced in 2020 with a durable Duro-Last system, and the sewer line was fully lined in 2025.

Opportunities like this are rare—don’t miss one of the finest 4-plexes in the city, steps from the lake, parks, trails, and everything that makes Kenwood one of Minneapolis’ most desirable neighborhoods.

Property details

Property

Type
Fourplex
MLS type
Multi Family Home
Status
Active
Year built
1915
Stories
Two
Living area
5,320 sqft
Price / sqft
$231
Lot
0.15
Original price
$1,229,000
MLS #
7071394

Interior

Features
Boiler, Hot Water, In Basement, Common Area, Daylight/Lookout Windows, Full, Partially Finished, Shared Access, Storage/Locker, Storage Space, Unfinished
Heating
Boiler, Hot Water
Laundry
In Basement, Common Area

Exterior & lot

Features
Stone, On-Street Parking Only
Construction
Two, Brick/Mortar, Concrete Perimeter, Age 8 Years or Less, Flat
Roof
Age 8 Years or Less, Flat
Foundation
Brick/Mortar, Concrete Perimeter
Lot
3302924220048
Parking
On-Street Parking Only

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Circuit Breakers, Service - 60 Amp
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$14,160
Tax year
2025
Parcel
3302924220048

Location

Subdivision
Island Park Add
County
Hennepin
Neighborhood
Kenwood
Community
Hennepin, City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Laundry, Coin-op Laundry Owned, northstar, Minneapolis
Directions
West Lake of the Isles Parkway to Penn Ave, north to property.

Location

Neighborhood
Kenwood
Subdivision
Island Park Add
School district
Minneapolis Public School District

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Listed by Christopher J Carrow, Coldwell Banker Realty - Lakes

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.