MLS: #7146328, Listed By: Thomas Cochrane-Cole, RE/MAX Results, Source:FargoMoorhead Area Association of REALTORS
3229 Penn Avenue
Minneapolis, MN 55412
6
Bed
2
Bath
2,006Sqft
0.12Acre(Lot)
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
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 2Room Information
Has Basement: Yes Basement: Full, Unfinished -
Heating & Cooling
Has Heating: Yes Heating: Forced Air
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Building Information
Year Built: 1963 Building Area Total: 2016 Stories: 2 Private Pool: No
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Lot Information
Lot Dimensions: 40X126 Main Square Feet: 0.12 Acres Lot Size Acres: 0.12 Lot Size Square Feet: 5227.2Property Information
Subdivision: Rheems Add Source Property Type: Residential Income Postal Code Plus 4: 2339 Property SubType: Duplex Levels: Two Property Age: 63
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Listing Price Information
Listing Price: $350000
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Tax Information
Parcel Number: 0802924140155 Tax Year: 2026 Annual Tax: $4038.98 Tax Legal Desc: LOT 008 BLOCK 001 RHEEMS ADDN TO MPLS
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Parking Information
Parking Lot
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Location Information
Direction: LOWRY AND PENN NO ON PENN TO HOME WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 3921 Lyndale Avenue, Minneapolis, MN, 55412 | $399,900 | 8 | 4 | 2,660 | 0.11 Acre |
| 4130 Aldrich Avenue, Minneapolis, MN, 55412 | $255,000 | 4 | 2 | 2,203 | 0.12 Acre |
| 3247 Aldrich Avenue, Minneapolis, MN, 55412 | $265,000 | 7 | 2 | 2,494 | 0.13 Acre |
| 3606 Bryant Avenue, Minneapolis, MN, 55412 | $269,000 | 2 | 2 | 1,388 | 0.12 Acre |
| 4126 Dupont Avenue, Minneapolis, MN, 55412 | $145,500 | 3 | 2 | 1,754 | 0.15 Acre |
| 4037 Fremont Avenue, Minneapolis, MN, 55412 | $314,900 | 4 | 4 | 1,744 | 0.15 Acre |
| 1415 44th Avenue, Minneapolis, MN, 55412 | $265,000 | 4 | 3 | 2,474 | 0.12 Acre |
| 4301 James Avenue, Minneapolis, MN, 55412 | $346,900 | 3 | 3 | 1,834 | 0.14 Acre |
| 3236 James Avenue, Minneapolis, MN, 55412 | $275,000 | 4 | 2 | 1,824 | 0.11 Acre |
| 3245 Penn Avenue, Minneapolis, MN, 55412 | $300,000 | 7 | 4 | 3,456 | 0.16 Acre |
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Nearby For Sale
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ByOwner last updated this listing 09/20/2026 @ 16:43
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