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.
Features of 3229 Penn Avenue N
| MLS® # | 7146328 |
|---|---|
| Price | $350,000 |
| Bedrooms | 6 |
| Bathrooms | 2.00 |
| Square Footage | 2,006 |
| Acres | 0.12 |
| Year Built | 1963 |
| Type | Residential Income |
| Sub-Type | Duplex Up and Down |
| Status | Active |
Community Information
| Address | 3229 Penn Avenue N |
|---|---|
| Area | 12 |
| Subdivision | Rheems Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55412 |
Amenities
| Parking | Parking Lot, Paved Lot |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Forced Air |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Stone |
|---|---|
| Lot Description | Tree Coverage - Light |
| Roof | Age Over 8 Years |
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 2 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $4,039 |
| Tax Year | 2026 |
Listing Details
| Office | RE/MAX Results |
|---|
Listing Map
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