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    • $352,500

    3229 Penn Ave N, Minneapolis, MN 55412

    6beds
    2,016sqft
    Multi Family
    Built in 1963
    -- sqft lot
    $352,500 Zestimate®
    $175/sqft
    $2,166 Estimated rent

    Home value

    $352,500

    $335,000 - $370,000

    $2,166/mo

    Zestimate® history
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    What's special

    Hardwood floorsCoin operated laundrySeparate furnace

    Updated hard to find duplex. Well taken care of true up and down duplex. Check out the rent roll and cash flow!! Unit #1 ($1,800) and Unit #2 ($1,600). You wont find a better cash flowing property then this. Fully rented. Hard to find newer built duplex (1963). Large 3 bedroom 1 bathroom units with hardwood floors. Separate furnace and hot water heaters. Tenant pays own utilities. Coin operated laundry. Basement has space to add a 3rd unit. Parking. Many Updates. Easy to rent.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Zillow last checked:

    Listing updated:

    Listed by:

    Corey J Wright 763-807-5537,

    eXp Realty

    Bought with:

    Thomas Chan Cochrane-Cole

    Real Broker, LLC

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6378988MLS Logo

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Forced Air
    Appliances
    • Laundry: Common Area, Lower Level, Laundry Room
    Features
    • Basement: Daylight,Full,Shared Access,Unfinished
    Interior area
    • Total structure area: 2,016
    • Total interior livable area: 2,016 sqft
    • Finished area above ground: 2,016
    • Finished area below ground: 0

    Property

    Parking
    • Parking features: Parking Lot
    Accessibility
    • Accessibility features: None
    Features
    • Levels: Two
    Lot
    • Size: 5,227 Square Feet
    • Dimensions: 40 x 126
    • Features: Corner Lot
    Details
    • Foundation area: 1008
    • Parcel number: 0802924140155
    • Zoning description: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Electric: Circuit Breakers
    • Gas: Natural Gas
    • Sewer: City Sewer - In Street
    • Water: City Water - In Street

    Community & HOA

    Community
    • Subdivision: Rheems Add
    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $175/sqft
    • Tax assessed value: $282,500
    • Annual tax amount: $4,198
    • Date on market: 5/31/2023
    • Cumulative days on market: 69 days
    • Tenant pays: Electricity, Gas

    Price history

    DateEventPrice
    7/3/2023Sold$325,000$161/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6378988 Report a problem
    6/8/2023Pending sale$325,000$161/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6378988 Report a problem
    6/1/2023Listed for sale$325,000+8.3%$161/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6378988 Report a problem
    9/28/2022Listing removed--
    Source: NorthstarMLS as distributed by MLS GRID #6241233 Report a problem
    7/28/2022Listed for sale$300,000+21.7%$149/sqft
    Source: NorthstarMLS as distributed by MLS GRID #6241233 Report a problem
    5/8/2019Sold$246,500$122/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5212146 Report a problem
    4/10/2019Pending sale$246,500$122/sqft
    Source: RE/MAX Results #5212146 Report a problem
    4/10/2019Price change$246,500-90%$122/sqft
    Source: RE/MAX Results #5212146 Report a problem
    4/10/2019Listed for sale$2,465,000+1015.4%$1,223/sqft
    Source: RE/MAX Results #5212146 Report a problem
    3/30/2018Sold$221,000+0.9%$110/sqft
    Source: NorthstarMLS as distributed by MLS GRID #4902942 Report a problem
    1/25/2018Listed for sale$219,000+15.3%$109/sqft
    Source: All Starz Realty #4902942 Report a problem
    8/20/2002Sold$190,000$94/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$3,785 +22.8%$282,500 +2.4%
    2024$3,081 -20.7%$276,000 +10%
    2023$3,886 -7.4%$251,000 +2.9%
    2022$4,198 -2.1%$244,000 -2%
    2021$4,290 +16.1%$249,000
    2020$3,695 -13.9%$249,000 +18%
    2019$4,290 +16.1%$211,000 +15%
    2018$3,695 +28.6%$183,500 +36.4%
    2017$2,872 +11.5%$134,500 +12.6%
    2016$2,576 +12.8%$119,500 +14.9%
    2015$2,284 +9.6%$104,000 +7.8%
    2014$2,084 -8.4%$96,500 -4.9%
    2013$2,274 -12.3%$101,500 -15.1%
    2012$2,594 -16.2%$119,500 -20.1%
    2011$3,094 +8.7%$149,500 -5.1%
    2010$2,847 -30.1%$157,500 -30%
    2009$4,074 +50.2%$225,000 +42.3%
    2006$2,712 +13.8%$158,100 +19.9%
    2005$2,383 +11.8%$131,900 +20.2%
    2004$2,131 +60.3%$109,700 +14.5%
    2002$1,330 -48.1%$95,800
    2001$2,563 --
    Find assessor info on the county website

    Neighborhood: Cleveland

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    Estimated market value
    $352,500
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    Estimated market value
    $352,500

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