Live in the newly remodeled side (3440) and rent the other. This is a great opportunity for either an
owner/occupant or a pure investor. The big stuff is done; high-efficiency furnaces in both units in 2016,
new 100 amp electrical panels in both units 2022, water heater in 3440 in 2022. 3440 has remodeled
kitchen, newly refinished hardwood in the living room & main level bedrooms, new carpet in the lower
level. Both units have big non-conforming 3rd bedrooms in the lower level with large egress windows. Most
of the exterior window trim was replaced with low-maintenance PVC in April 2025. Very stable, long-term
tenant has been in 3442 since 2009. Her current lease runs through 12/31/25. Taxes are extremely low as
both units are currently enrolled in the city's 4d affordable housing incentive program. Details
available on City of Minneapolis website. The listing agent is the owner of the property and is a Realtor
licensed in the State of Minnesota.
Closed
$281,280
3440 Penn Ave N, Minneapolis, MN 55412
4beds
2baths
3,350sqft
Duplex Side by Side
Built in 1946
-- sqft lot
$281,200 Zestimate®
$84/sqft
$1,880 Estimated rent
Home value
$281,200
$259,000 - $307,000
$1,880/mo
Zestimate® history
Owner options
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$1,880/mo
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$1,880/mo
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$1,779/mo
Est. payment
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$1,779/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Edina Realty, Inc.
Bought with:
Margaret Zawasky
Coldwell Banker Realty - Lakes
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6715786
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Forced Air
Appliances
- Laundry: In Basement
Features
- Basement: Block,Drain Tiled,Egress Window(s),Finished,Full,Single Tenant Access,Sump Pump
Interior area
- Total structure area: 3,410
- Total interior livable area: 3,350 sqft
- Finished area above ground: 1,730
- Finished area below ground: 1,620
Property
Accessibility
- Accessibility features: None
Features
- Levels: One
- Fencing: Chain Link,Partial
Lot
- Size: 4,791 Square Feet
- Dimensions: 40 x 126
- Features: Near Public Transit, Tree Coverage - Light
- Topography: Level
Details
- Foundation area: 1730
- Parcel number: 0902924220115
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Side by Side
Materials
- Roof: Age Over 8 Years,Architectural Shingle,Asphalt,Pitched
Condition
- New construction: No
- Year built: 1946
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Egberts Add
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $84/sqft
- Tax assessed value: $263,700
- Annual tax amount: $937
- Date on market: 5/6/2025
- Cumulative days on market: 41 days
- Tenant pays: Broadband, Cable TV, Electricity, Gas, Heat, Hot Water, Telephone
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/3/2025 | Listing removed | $1,650 |
Source: Zillow Rentals Report a problem | ||
| 7/17/2025 | Listed for rent | $1,650 |
Source: Zillow Rentals Report a problem | ||
| 7/11/2025 | Sold | $281,280-6.2%$84/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6715786 Report a problem | ||
| 6/19/2025 | Pending sale | $300,000$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6715786 Report a problem | ||
| 5/9/2025 | Listed for sale | $300,000+233.7%$90/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6715786 Report a problem | ||
| 11/15/2013 | Sold | $89,900$27/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2113148 Report a problem | ||
| 10/16/2013 | Listed for sale | $89,900+233%$27/sqft |
Source: Edina Realty Report a problem | ||
| 5/5/2009 | Sold | $27,000-81.4%$8/sqft |
Source: Public Record Report a problem | ||
| 4/27/2004 | Sold | $144,900$43/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $937 -55.1% | $263,700 +3.8% |
| 2024 | $2,086 -0.5% | $254,000 +4.1% |
| 2023 | $2,096 -3.7% | $244,000 |
| 2022 | $2,177 -39.9% | $244,000 +15.6% |
| 2021 | $3,621 +11.5% | $211,000 -5.2% |
| 2020 | $3,248 -10.3% | $222,500 +19.9% |
| 2019 | $3,621 +11.5% | $185,500 +20.1% |
| 2018 | $3,248 +37.9% | $154,500 +36.7% |
| 2017 | $2,356 +12.5% | $113,000 +10.2% |
| 2016 | $2,096 +7% | $102,500 +15.2% |
| 2015 | $1,958 +9.8% | $89,000 +9.9% |
| 2014 | $1,784 +1.6% | $81,000 |
| 2013 | $1,755 +2.9% | $81,000 |
| 2012 | $1,706 -0.5% | $81,000 -4.7% |
| 2011 | $1,714 -12.4% | $85,000 -23.8% |
| 2010 | $1,958 -34.2% | $111,500 -30.1% |
| 2009 | $2,975 +41.6% | $159,500 +30.2% |
| 2006 | $2,101 +9.1% | $122,500 +14.9% |
| 2005 | $1,926 +4.9% | $106,600 +18.2% |
| 2004 | $1,836 | $90,200 |
Find assessor info on the county website
Neighborhood: Folwell
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Estimated market value
$281,200
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Estimated market value
$281,200
- Minnesota
- Hennepin County
- Minneapolis
- 55412
- Folwell
- 3440 Penn Ave N
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