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3245 Penn Avenue N, Minneapolis, MN 55412

Minneapolis
Local realty services provided by:CENTURY 21 FM Realty
3245 Penn Avenue N,Minneapolis, MN 55412
$325,000
  • 7 Beds
  • 4 Baths
  • 5,184 sq. ft.
  • Multi-family
  • Active
Listed by: john a stiles
Office: first select
MLS#:7000803
Source:ND_FMAAR

Price summary

  • Price:$325,000
  • Price per sq. ft.:$62.69

About this home

Excellent value-add opportunity in North Minneapolis. This classic 1925 fourplex offers strong upside for an investor or contractor looking to restore a solid multifamily asset and bring it back into cash-flowing condition. The building is currently vacant and being sold as-is. The property experienced a fire in one unit and the front entry, and remediation work has already begun. Based on available information, the majority of the remaining work appears to be smoke and cosmetic restoration, rather than structural in nature. Copper plumbing has been removed, so water is currently off, creating a clear but straightforward scope of work for the next owner. Previously, the building produced solid income and featured separate furnaces and water heaters, helping keep operating expenses low. The property includes a 4-stall detached garage off the alley, offering additional income potential or tenant appeal. Prior updates included newer windows and updated bathrooms, with some units

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Home facts

  • Year built:1925
  • Listing ID #:7000803
  • Added:79 day(s) ago
  • Updated:March 06, 2026 at 04:00 PM

Rooms and interior

  • Bedrooms:7
  • Total bathrooms:4
  • Basement:Yes
  • Living area:5,184 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Flat
  • Year built:1925
  • Building area:5,184 sq. ft.
  • Lot area:0.16 Acres

Utilities

  • Water:City Water/Connected
  • Sewer:City Sewer/Connected

Finances and disclosures

  • Price:$325,000
  • Price per sq. ft.:$62.69
  • Tax amount:$8,405

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