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3229 Penn Avenue N, Minneapolis, MN 55412

Minneapolis
Local realty services provided by:CENTURY 21 First Realty, Inc.
3229 Penn Avenue N,Minneapolis, MN 55412
$350,000
  • 6 Beds
  • 2 Baths
  • 2,006 sq. ft.
  • Multi-family
  • Active
Listed by: thomas cochrane-cole, sunny
Office: re/max results
MLS#:7146328
Source:NSMLS

Price summary

  • Price:$350,000
  • Price per sq. ft.:$173.61

About this home

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.

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Home facts

  • Year built:1963
  • Subdivision & Development:Rheems Add
  • Listing ID #:7146328
  • Added:1 day(s) ago
  • Updated:September 19, 2026 at 12:13 PM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:2
  • Basement:Yes
  • Basement Description:Daylight / Lookout Windows, Full, Shared Access, Unfinished
  • Living area:2,006 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Age Over 8 Years
  • Year built:1963
  • Building area:2,006 sq. ft.
  • Lot area:0.12 Acres
  • Lot Features:Tree Coverage - Light
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$350,000
  • Price per sq. ft.:$173.61
  • Tax amount:$4,039 (2026)

Parking

  • Parking description:Parking Lot
Data is deemed reliable but is not guaranteed accurate by the MLS. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. NSMLS Member Broker: Barb Rodenwald

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