For Sale Duplex MLS# 7146328

3229 Penn Avenue N

Minneapolis, MN 55412

$350,000

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About 3229 Penn Avenue N

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.

Property details

Property

Type
Duplex Up and Down
MLS type
Duplex
Status
Active
Year built
1963
Stories
Two
Living area
2,006 sqft
Price / sqft
$174
Lot
0.12
Original price
$350,000
MLS #
7146328

Interior

Features
Forced Air, Common Area, Lower Level, Daylight/Lookout Windows, Full, Shared Access, Unfinished
Heating
Forced Air
Laundry
Common Area, Lower Level

Exterior & lot

Features
Stone, Parking Lot, Paved Lot
Construction
Two, Block, Age Over 8 Years
Roof
Age Over 8 Years
Foundation
Block
Lot
0802924140155
Parking
Parking Lot, Paved Lot

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Circuit Breakers
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$4,039
Tax year
2026
Parcel
0802924140155

Location

Subdivision
Rheems Add
County
Hennepin
Neighborhood
Cleveland
Community
Hennepin, City Street, northstar, Minneapolis
Directions
LOWRY AND PENN NO ON PENN TO HOME

Location

Neighborhood
Cleveland
Subdivision
Rheems Add
School district
Minneapolis Public School District

Ask about this property

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Listed by Thomas Chan Cochrane-Cole, RE/MAX Results

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.