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3440 Penn Avenue N, 
Minneapolis, MN 55412

$300,000


Bed


Bath


3,350

Sq Ft


Multi-Family

Coming Soon

Listed by

Joel J. Smetanka

Edina Realty, Inc.

952-892-7000

Last updated:

May 6, 2025, 06:05 PM

MLS#

6715786

Source:

NSMLS

About This Home

3440 Penn Avenue N

Live in the newly remodeled side (3440) and rent the other. This is a great opportunity for either an owner/occupant or a pure investor. The big stuff is done; high-efficiency furnaces in both units in 2016, new 100 amp electrical panels in both units 2022, water heater in 3440 in 2022. 3440 has remodeled kitchen, newly refinished hardwood in the living room & main level bedrooms, new carpet in the lower level. Both units have big non-conforming 3rd bedrooms in the lower level with large egress windows. Most of the exterior window trim was replaced with low-maintenance PVC in April 2025. Very stable, long-term tenant has been in 3442 since 2009. Her current lease runs through 12/31/25. Taxes are extremely low as both units are currently enrolled in the city's 4d affordable housing incentive program. Details available on City of Minneapolis website. The listing agent is the owner of the property and is a Realtor licensed in the State of Minnesota.

Home Facts

Multi-Family

Built in 1946

Price Summary

300,000

$89 per Sq. Ft.

MLS #:

6715786

Last Updated:

May 6, 2025, 06:05 PM

Added:

2 day(s) ago


Rooms & Interior

Interior

Living Area:

3,350 Sq. Ft.


Structure

Structure

Building Area:

3,410 Sq. Ft.

Year Built:

1946


Lot

Lot Size (Sq. Ft):

4,791


Finances & Disclosures

Finances

Price:

$300,000

Price per Sq. Ft:

$89 per Sq. Ft.

Source:NSMLS
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.

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