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3229 Penn Avenue N
Minneapolis MN 55412 US

$350,000

Active Listing ID 7146328
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6 bed
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2,006 square feet
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2.00 Bath (2 Full)
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Lot: 0.12 Acres
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Duplex

$350,000

Active Listing ID 7146328
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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.

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Property Features

  • Facts
  • Lot Size: 0.12 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Duplex
  • Features
  • Full Bathrooms: 2
  • Heating Fuels: Forced Air

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Duplex
  • listprice: 350000
  • unparsedaddress: 3229 Penn Avenue N
  • postalcity: Minneapolis
  • stateorprovince: MN
  • country: US
  • postalcode: 55412
  • bathroomsfull: 2
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.12
  • lotsizeunits: Acres
  • lotsizearea: 0.12
  • livingarea: 2006
  • livingareaunits: Square Feet
  • latitude: 45.014174
  • longitude: -93.308618
  • listagentfullname: Thomas Chan Cochrane-Cole
  • listagentemail: tomccrealtor@gmail.com
  • listagentkey: 3yd-RMLSMN-53735
  • listagentmlsid: 53735
  • listagentpreferredphone: (952) 829-2900
  • listofficekey: 3yd-RMLSMN-8732
  • listofficemlsid: 8732
  • disclaimer: Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: RMLSMN
  • yearbuilt: 1963
  • listingcontractdate: 2026-09-17
  • listagenturl: http://www.results.net
  • countyorparish: Hennepin
  • parcelnumber: 0802924140155
  • highschooldistrict: Minneapolis
  • heating: Forced Air
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • parkingfeatures: Parking Lot
  • waterfrontyn: False
  • franchiseaffiliation: RE/MAX International
  • rooms: Bedroom 2, Basement, Bathroom 2, Bedroom 3, Bedroom 6, Bathroom 1, Laundry Room, Bedroom 1, Bedroom 5, Bedroom 4
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -93.30862, 45.014175
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"RE/MAX Results", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "CustomSourceId":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"tomccrealtor@gmail.com", "ListBrokerageCity":"Eden Prairie", "ListBrokerageCountry":"US", "ListBrokerageEmail":"getinfo@results.net", "ListBrokerageLogoUrl":"http://lh.rdcpix.com/c5ababc320fdd4190120fe00f06b0030k-c3059596382r.png", "ListBrokerageName":"RE/MAX Results", "ListBrokeragePhone":"(952) 829-2900", "ListBrokeragePostalCode":"55344", "ListBrokerageStateOrProvince":"MN", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"11200 W 78th Street", "ListBrokerageWebsiteUrl":"http://www.results.net", "ListOfficeAddress1":"5201 Eden Ave #100 ", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"8732", "ListOfficeCity":"Edina", "ListOfficeCountry":"US", "ListOfficeEmail":"edina@results.net", "ListOfficePostalCode":"55436", "ListOfficeStateOrProvince":"MN", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income, Minneapolis, MN", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/3229-Penn-Ave-N_Minneapolis_MN_55412_M86770-68057?f=listhub&s=RMLSMN&m=7146328&c=rexren", "MLSModificationTimestamp":"2026-09-18 14:31:00", "Neighborhoods":[{"Description":null, "Name":"Rheems Add"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":4039, "TaxDescription":null, "TaxYear":"2026"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 9/26/2026 4:41:51 AM GMT
Source Updated Date: 9/28/2026 6:58:27 PM GMT

Courtesy of: Thomas Chan Cochrane-Cole, RE/MAX Results, tomccrealtor@gmail.com

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.