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MLS: #7091892, Listed By: Robert Kessler, Coldwell Banker Realty - Lakes, Source:FargoMoorhead Area Association of REALTORS

5300 Penn Avenue

Minneapolis, MN 55419
Mark as Favorite
Bed 4

Bed

Bath 2

Bath

SqFt2,380

Sqft

Acres0.15

Acre(Lot)

Exceptional Up/Down Duplex Near Lake Harriet & Minnehaha Creek. Discover a rare opportunity to own a charming and versatile duplex ideally located on the corner of 53rd Street and Penn Avenue, just one block from scenic Minnehaha Creek and only five blocks south of Lake Harriet. This property features two spacious units, each offering a thoughtfully designed layout that includes a bright living room, formal dining room, full kitchen, two bedrooms, one full bathroom, and a cozy fireplace. The main-level unit showcases beautiful hardwood floors throughout, while the upper unit is comfortably carpeted, providing an added layer of quiet and privacy for tenants. Each unit includes its own garage stall, adding convenience and value for occupants. The unfinished lower level presents outstanding e xpansion potential and includes an additional fireplace—bringing the total to three fireplaces throughout the home. Whether you're an investor seeking strong rental income, an owner-occupant looking to offset expenses, or exploring short-term rental opportunities such as Airbnb, this property offers exceptional flexibility. Current rents are below market, presenting immediate value-add potential.Enjoy an unbeatable lifestyle with easy access to nearby beaches, popular biking and walking trails, and neighborhood favorites like Broders’ Pasta Bar, Nico’s Tacos, and more — all just minutes away. A unique blend of location, character, and income potential—this is one you won’t want to miss.

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Detail Ic Property Details

Property Type : Residential Income

Price : $574,900

AD Id : 85014401

MLS Id : 7091892

Beds : 4

Lot Size : 0.15 Acre

Living Area Size : 2,380

Year Built : 1960

Garage : 2

County : Hennepin

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Feature Features

  • Bedroom Information

    Total beds: 4

    Bathroom Information

    Total Baths: 2

    Room Information

    Has Basement: Yes Basement: Full, Block, Concrete
  • Heating & Cooling

    Has Heating: Yes Heating: Forced Air

  • Building Information

    Year Built: 1960 Building Area Total: 3556 Stories: 2 Pool Features: None Private Pool: No

  • Lot Information

    Lot Dimensions: See Lister Main Square Feet: 0.15 Acres Lot Size Acres: 0.15 Lot Size Square Feet: 6534 Lot Description: Corner Lot

    Property Information

    Subdivision: Rerats Creekside Add Source Property Type: Residential Income Postal Code Plus 4: 2317 Property SubType: Duplex Levels: Two Property Age: 66

  • Listing Price Information

    Listing Price: $574900

  • Tax Information

    Parcel Number: 1702824440116 Tax Year: 2026 Annual Tax: $10519 Tax Legal Desc: LOT 001 BLOCK 002 RERATS CREEKSIDE ADDN N 58 FT

  • Garage Information

    Has Garage: Yes Garage Space: 2

  • Location Information

    Direction: Penn Ave to 53rd St to property on west side of street. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
4405 4th Avenue, Minneapolis, MN, 55419 $599,900 6 3 2,356 2,356 SqFt
4620 4th Avenue, Minneapolis, MN, 55419 $349,900 2 2 1,260 1,260 SqFt
302 48th Street, Minneapolis, MN, 55419 $450,000 5 2 1,440 1,440 SqFt
4400 1st Avenue, Minneapolis, MN, 55419 $499,900 4 2 2,578 2,578 SqFt
5820/5822 Nicollet Avenue, Minneapolis, MN, 55419 $485,000 4 2 1,998 1,998 SqFt
4752 Lyndale Avenue, Minneapolis, MN, 55419 $619,000 6 2 2,663 2,663 SqFt
5705 Lyndale Avenue, Minneapolis, MN, 55419 $519,900 4 4 3,128 3,128 SqFt
5433/5435 Penn Avenue, Minneapolis, MN, 55419 $515,000 5 3 121 121 SqFt
6107 Penn Avenue, Minneapolis, MN, 55419 $400,000 -- -- 3,452 3,452 SqFt
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The data relating to real estate for sale on this website comes in part from the Internet Data exchange (IDX) program of the FMAAR MLS. Real estate listings held by brokerage firms other than ByOwner are marked with the listing office name. IDX information is provided exclusively 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. Information deemed reliable but not guaranteed. Copyright ©2026 Fargo-Moorhead Area Association of REALTORS®. No reproduction, compilation, retransmission or distribution of this data is permitted in any manner without the express, written permission of the Fargo-Moorhead Area Association of REALTORS®.

ByOwner last updated this listing 06/23/2026 @ 07:55

MLS: 7091892 LISTED BY: Robert Kessler, Coldwell Banker Realty - Lakes 612-920-5605 SOURCE: FargoMoorhead Area Association of REALTORS

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