3229 Penn AVE N, Minneapolis, MN 55412
3229 Penn AVE N, Minneapolis, MN 55412
3229 Penn AVE N, Minneapolis, MN 55412
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$350,000
Est. payment /mo
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2 Beds
2 Baths
2,006 SqFt
New

3229 Penn AVE N Minneapolis, MN 55412

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George Schmidt

George Schmidt

+1(651) 208-7595

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Active

Purchase Type For Sale

Square Footage 2,006 sqft

Price per Sqft $174

Subdivision Rheems Add

MLS Listing ID 7146328

Bedrooms 2

Year Built 1963

Annual Tax Amount $4,038

Tax Year 2026

Contingent None

Lot Size 5,227 Sqft

Lot Dimensions 40X126

Property Sub-Type Duplex Up and Down

Property Description

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.

Location

State MN

County Hennepin

Rooms

Basement Daylight/Lookout Windows, Full, Shared Access, Unfinished

Interior

Heating Forced Air

Fireplace No

Laundry Common Area, Lower Level

Exterior

Parking Features Parking Lot, Paved Lot

Roof Type Age Over 8 Years

Building

Lot Description Tree Coverage - Light

Story Two

Foundation 1008

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Listed by Thomas Cochrane-Cole • RE/MAX Results

NEARBY SCHOOL & BUSINESS

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George Schmidt

George Schmidt

Broker Associate License ID: 40481484

+1(651) 208-7595

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3229 Penn AVE N