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    • Price cut: $66K (5/11)
    $1,229,000

    2121 Penn Ave S, Minneapolis, MN 55405

    8beds
    4baths
    5,320sqft
    : 
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    Fourplex
    Built in 1915
    -- sqft lot
    $-- Zestimate®
    $231/sqft
    $-- HOA

    What's special

    Beautiful all-brick 4-plex just a half block from Lake of the Isles in the coveted Kenwood neighborhood. This classic building showcases timeless craftsmanship, with interior units featuring natural oak woodwork and hardwood floors. Three units include original built-in buffets and elegant room dividers with bookcases separating the living and dining rooms. A previous owner thoughtfully opened the sunroom and living room in Unit 1, creating an expansive, inviting space rarely found in buildings of this era. Over the years, all kitchens have been updated with a clean, modern style that complements the building’s historic character. Major mechanical updates provide peace of mind and strong rental appeal: tenants pay their own heat and electricity, supported by four newer boilers (2017), four individual hot water heaters, and separate updated electrical panels. The roof was replaced in 2020 with a durable Duro-Last system, and the sewer line was fully lined in 2025. Opportunities like this are rare—don’t miss one of the finest 4-plexes in the city, steps from the lake, parks, trails, and everything that makes Kenwood one of Minneapolis’ most desirable neighborhoods.
    69 days
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    555
    |
    20
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    Zillow last checked:

    Listing updated:

    Listed by:

    Christopher J Carrow 612-802-5592,

    Coldwell Banker Realty - Lakes,

    Delbert W Schoeberl 612-998-7355

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7071394MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 8
      • Bathrooms: 4
      Heating
      • Boiler, Hot Water
      Appliances
      • Laundry: In Basement, Common Area, Coin-op Laundry Owned
      Features
      • Basement: Daylight,Full,Partially Finished,Shared Access,Storage/Locker,Storage Space,Unfinished
      Interior area
      • Total structure area: 7,569
      • Total interior livable area: 5,320 sqft
      • Finished area above ground: 5,046
      • Finished area below ground: 274

      Property

      Parking
      • Parking features: On Street
      • Has uncovered spaces: Yes
      Accessibility
      • Accessibility features: None
      Features
      • Levels: Two
      • Pool features: None
      Lot
      • Size: 6,534 Square Feet
      • Dimensions: 130 x 50
      Details
      • Foundation area: 2523
      • Parcel number: 3302924220048
      • Zoning description: Residential-Single Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Fourplex
      Materials
      • Frame
      • Roof: Age 8 Years or Less,Flat
      Condition
      • New construction: No
      • Year built: 1915

      Utilities & green energy

      • Electric: Circuit Breakers, Service - 60 Amp
      • Gas: Natural Gas
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected

      Community & HOA

      Community
      • Subdivision: Island Park Add
      HOA
      • Amenities included: Laundry, Coin-op Laundry Owned
      Location
      • Region: Minneapolis

      Financial & listing details

      • Price per square foot: $231/sqft
      • Tax assessed value: $740,000
      • Annual tax amount: $14,160
      • Date on market: 5/11/2026
      • Cumulative days on market: 98 days
      • Tenant pays: Electricity, Fuel, Gas, Heat
      • Road surface type: Paved

        Estimated market value

        Not available

        Estimated sales range

        Not available

        Not available

        Price history

        DateEventPrice
        5/11/2026Price change$1,229,000-5.1%$231/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7071394 Report a problem
        3/22/2026Listed for sale$1,295,000$243/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7022775 Report a problem
        3/13/2026Listing removed$1,295,000$243/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7022775 Report a problem
        2/17/2026Listed for sale$1,295,000$243/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7022775 Report a problem
        7/17/2021Listing removed--
        Source: Zillow Rental Manager Report a problem
        6/16/2021Listed for rent$1,595-5.9%
        Source: Zillow Rental Manager Report a problem
        3/24/2021Listing removed--
        Source: Owner Report a problem
        8/14/2019Listing removed$1,695
        Source: Owner Report a problem
        8/1/2019Listed for rent$1,695+6.3%
        Source: Owner Report a problem
        3/26/2019Listing removed$1,595
        Source: Owner Report a problem
        3/18/2019Listed for rent$1,595
        Source: Owner Report a problem
        5/15/2018Listing removed$1,595
        Source: Owner Report a problem
        5/7/2018Price change$1,595-11.1%
        Source: Owner Report a problem
        4/16/2018Listed for rent$1,795
        Source: Owner Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$14,160 -2.8%$740,000 -5%
        2024$14,575 -2.7%$779,000 -14.7%
        2023$14,986 -10.8%$913,000 -2%
        2022$16,800 +3.8%$932,000 -5%
        2021$16,188 -0.2%$981,000
        2020$16,215 +0.2%$981,000 +8%
        2019$16,188 -0.2%$908,500 +18%
        2018$16,215 +16.8%$770,000 +11.1%
        2017$13,886 +6.9%$693,000 +10%
        2016$12,986 +6.7%$630,000 +3.4%
        2015$12,165 -1.4%$609,500 +15%
        2014$12,336 +6.3%$530,000
        2013$11,601 -7.4%$530,000 -9.9%
        2012$12,526 +0.6%$588,500 -4%
        2011$12,448 +7.9%$613,000 -5.7%
        2010$11,535 -1%$650,000
        2009$11,648 -0.2%$650,000 -3.7%
        2006$11,672 -5.2%$675,000
        2005$12,307 -7.3%$675,000
        2004$13,279 -5.5%$675,000 +14.7%
        2002$14,048 -48.2%$588,500
        2001$27,137 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

        Explore the cost of this home by adjusting the details. Changes won't be saved.
        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Kenwood

        Getting around

        46 / 100
        Car-Dependent
        39 / 100
        Some Transit
        83 / 100
        Very Bikeable

        Nearby schools

        GreatSchools rating

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