Investment opportunity alert! This 4-bed, 2-full-bath split-level home offers incredible potential in a prime location—just steps from shopping, restaurants, and nearby parks. With solid bones and an ideal layout, this property is ready for your vision, updates, or full renovation.
The split-level design provides flexible living spaces, including two bedrooms and a full bath on each level, plus a lower-level family room — perfect for future rental income, resale value, or multi-generational living.
Situated on a nice lot in a walkable neighborhood, this as-is sale is a rare chance to invest in a high-demand area and create immediate equity. Bring your contractor and unlock the potential!
Closed
$175,000
3023 Penn Ave N, Minneapolis, MN 55411
4beds
1,446sqft
Single Family Residence
Built in 1978
5,227 Square Feet Lot
$175,800 Zestimate®
$121/sqft
$2,778 Estimated rent
Home value
$175,800
$162,000 - $190,000
$2,778/mo
Zestimate® history
Owner options
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$2,778/mo
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$2,778/mo
Rent Zestimate®
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$1,105/mo
Est. payment
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$1,105/mo
Est. payment
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List your homeWhat's special
Split-level designLower-level family roomFlexible living spacesNice lot
Zillow last checked:
Listing updated:
Listed by:
Nicole L Stone 651-274-0025,
RE/MAX Results
Bought with:
Fabian Morales Cueva
Market Homes Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6819376
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
- Full bathrooms: 1
- 1/2 bathrooms: 1
Bedroom
- Level: Upper
- Area: 144 Square Feet
- Dimensions: 12x12
Bedroom 2
- Level: Upper
- Area: 121 Square Feet
- Dimensions: 11x11
Bedroom 3
- Level: Lower
- Area: 120 Square Feet
- Dimensions: 12x10
Bedroom 4
- Level: Lower
- Area: 132 Square Feet
- Dimensions: 12x11
Family room
- Level: Lower
- Area: 240 Square Feet
- Dimensions: 16x15
Kitchen
- Level: Upper
- Area: 168 Square Feet
- Dimensions: 14x12
Living room
- Level: Upper
- Area: 224 Square Feet
- Dimensions: 16x14
Utility room
- Level: Lower
- Area: 180 Square Feet
- Dimensions: 15x12
Heating
- Forced Air
Cooling
- None
Features
- Basement: Daylight,Finished,Full
- Has fireplace: No
Interior area
- Total structure area: 1,446
- Total interior livable area: 1,446 sqft
- Finished area above ground: 936
- Finished area below ground: 510
Property
Parking
- Total spaces: 1
- Parking features: Detached Garage
- Garage spaces: 1
- Details: Garage Dimensions (18x22)
Accessibility
- Accessibility features: None
Features
- Levels: Multi/Split
- Fencing: Chain Link,Partial
Lot
- Size: 5,227 Square Feet
- Dimensions: 40 x 127.4
Details
- Additional structures: Garage(s)
- Foundation area: 936
- Parcel number: 0802924410067
- Zoning description: Residential-Single Family
Construction
Type & style
- Home type: SingleFamily
- Property subtype: Single Family Residence
Materials
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1978
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Penn Ave Add
HOA
- Has HOA: No
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $121/sqft
- Tax assessed value: $198,000
- Annual tax amount: $2,664
- Date on market: 11/18/2025
- Cumulative days on market: 2 days
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 12/5/2025 | Sold | $175,000$121/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6819376 Report a problem | ||
| 11/20/2025 | Pending sale | $175,000$121/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6819376 Report a problem | ||
| 11/18/2025 | Listed for sale | $175,000+288.9%$121/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6819376 Report a problem | ||
| 3/2/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/29/2024 | Listed for rent | $1,795$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 2/29/2024 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 2/6/2024 | Listed for rent | $1,795+5.9%$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 10/12/2022 | Listing removed | -- |
Source: Zillow Rental Manager Report a problem | ||
| 9/24/2022 | Listed for rent | $1,695$1/sqft |
Source: Zillow Rental Manager Report a problem | ||
| 9/28/2010 | Sold | $45,000-49.4%$31/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1015219 Report a problem | ||
| 9/27/2001 | Sold | $89,000$62/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $3,031 +4% | $198,000 +10% |
| 2024 | $2,914 +19.8% | $180,000 +4.7% |
| 2023 | $2,433 -36.1% | $172,000 +10.3% |
| 2022 | $3,807 +95.6% | $156,000 +12.2% |
| 2021 | $1,946 -7% | $139,000 +20.3% |
| 2020 | $2,091 +7.5% | $115,500 +10% |
| 2019 | $1,946 -7% | $105,000 +5% |
| 2018 | $2,091 +34% | $100,000 +14.9% |
| 2017 | $1,561 +17.3% | $87,000 +6.7% |
| 2016 | $1,331 +3.4% | $81,500 +13.2% |
| 2015 | $1,287 -2.6% | $72,000 +9.9% |
| 2014 | $1,321 +2.9% | $65,500 -9% |
| 2013 | $1,284 +2.8% | $72,000 |
| 2012 | $1,250 -2% | $72,000 -6.5% |
| 2011 | $1,276 -4.7% | $77,000 -16.8% |
| 2010 | $1,339 -11.1% | $92,500 -10.2% |
| 2009 | $1,507 +1.7% | $103,000 -2.3% |
| 2006 | $1,481 +3.1% | $105,400 +14.9% |
| 2005 | $1,436 +11.9% | $91,700 +14.9% |
| 2004 | $1,283 +11.1% | $79,800 +11.9% |
| 2002 | $1,155 -37.4% | $71,300 |
| 2001 | $1,844 | -- |
Find assessor info on the county website
Neighborhood: Jordan
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Nearby schools
GreatSchools rating
- 5/10Lucy Laney @ Cleveland Park Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 1/10Olson Middle SchoolGrades: 6-8Distance: 2.4 mi
- 3/10Henry Senior High SchoolGrades: 9-12Distance: 1.5 mi
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Estimated market value
$175,800
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$175,800
- Minnesota
- Hennepin County
- Minneapolis
- 55411
- Jordan
- 3023 Penn Ave N
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