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3229 Penn Avenue N, Minneapolis, MN 55412

$350,000
SQUARE FEET 2,006
MLS# 7146328
  • 3229 Penn Avenue N, Minneapolis, MN 55412 Main Photo

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STATUS: Active
PROPERTY TYPE: Multi Unit - Multiple
SUBDIVISION: Rheems Add
SCHOOL: Minneapolis

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.

3229 Penn Avenue N | MLS# 7146328

This multi-family property located at 3229 Penn Avenue N, Minneapolis, MN 55412 is currently listed for sale with an asking price of $350,000. Penn Avenue N is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Daylight/Lookout Windows, Full, Shared Access, Unfinished
Heating: Forced Air
Lot Size: 0.12 Acres
Roof Type: Age Over 8 Years
Taxes: $4,038
Year Built: 1963

Feature Descriptions

Foundation Size: 1008
Lot: Tree Coverage - Light
Lot Dimensions: 40X126
Parcel#: 0802924140155
Parking: Parking Lot, Paved Lot
Road Frontage: City Street
Sewer: City Sewer/Connected
Units: 2
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: RE/MAX Results
Agency Phone: 952-848-2400

Shown By

Agency Title: Counselor Realty
Agency Phone: 612-405-8404

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Estimated Payment

$ 2,301.43 per month $1,862.85 Principal & Interest $336.50 Property Tax $102.08 Homeowner's Insurance

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