Two Units. One Smart Move!
This charming and well-maintained up/down duplex sits on a highly coveted block near 50th & Penn—just 1.5 blocks south of Lake Harriet. Enjoy easy access to the beach, biking and walking trails, and beloved neighborhood spots like Broders’ Pasta Bar, Nico’s Tacos, and more—all less than a block away.
This is no ordinary duplex. Each unit offers 2 bedrooms, an office and 1 bathroom. A tuck-under garage is a lovely surprise—perfect for those chilly Minnesota winters. Roof was replaced in 2015, all windows have been updated, and numerous thoughtful upgrades have been made throughout.
Whether you're an investor or an aspiring owner-occupant, this rare gem offers exciting income potential. Dreaming of an Airbnb? Looking to live in one of the city's most desirable neighborhoods while offsetting your mortgage? Ask us about what nearby rentals are bringing in—you'll be pleasantly surprised by the numbers.
Closed
$600,000
4949 Penn Ave S, Minneapolis, MN 55419
4beds
2baths
2,388sqft
Multi Family
Built in 1925
-- sqft lot
$587,700 Zestimate®
$251/sqft
$2,931 Estimated rent
Home value
$587,700
$529,000 - $646,000
$2,931/mo
Zestimate® history
Owner options
List your home for rent
$2,931/mo
Rent Zestimate®
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$2,931/mo
Rent Zestimate®
Refinance and save
$3,805/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$3,805/mo
Est. payment
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List your homeWhat's special
Highly coveted blockTuck-under garageBiking and walking trails
Zillow last checked:
Listing updated:
Listed by:
Alison Heathcote 612-305-8199,
Fox Realty
Bought with:
Arman H Vatani-Oskooi
Bridge Realty, LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6715705
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Hot Water
Appliances
- Laundry: In Basement, Common Area
Features
- Basement: Daylight,Full
Interior area
- Total structure area: 2,388
- Total interior livable area: 2,388 sqft
- Finished area above ground: 2,388
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Tuckunder Garage
- Attached garage spaces: 2
- Details: Garage Dimensions (21x24)
Accessibility
- Accessibility features: None
Features
- Levels: Two
Lot
- Size: 5,227 sqft
- Dimensions: 40 x 127
Details
- Foundation area: 1212
- Parcel number: 1602824230067
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Asphalt,Pitched
Condition
- New construction: No
- Year built: 1925
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minneapolis
- Subdivision: Harriet Heights 2nd Div
Price history
| Date | Event | Price |
|---|---|---|
| 9/12/2025 | Sold | $600,000-3.2%$251/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6715705 Report a problem | ||
| 9/8/2025 | Pending sale | $620,000$260/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6715705 Report a problem | ||
| 7/8/2025 | Price change | $620,000-5.9%$260/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6715705 Report a problem | ||
| 5/8/2025 | Listed for sale | $659,000+40.4%$276/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6715705 Report a problem | ||
| 12/10/2009 | Listing removed | $469,500$197/sqft |
Source: NRT Minneapolis #3697165 Report a problem | ||
| 6/11/2009 | Listed for sale | $469,500+15.9%$197/sqft |
Source: NRT Minneapolis #3697165 Report a problem | ||
| 4/11/2003 | Sold | $405,000+91.5%$170/sqft |
Source: Public Record Report a problem | ||
| 7/14/1997 | Sold | $211,500$89/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,106 +8.2% | $560,700 +0.8% |
| 2024 | $9,339 +14.1% | $556,000 -5% |
| 2023 | $8,185 +3.4% | $585,000 +14.9% |
| 2022 | $7,915 +15.9% | $509,000 +9.2% |
| 2021 | $6,829 -3.8% | $466,000 +11.6% |
| 2020 | $7,101 +4% | $417,500 +4% |
| 2019 | $6,829 -3.8% | $401,500 |
| 2018 | $7,101 +8% | $401,500 +23.2% |
| 2017 | $6,575 +7.6% | $326,000 +5% |
| 2016 | $6,108 +0.1% | $310,500 |
| 2015 | $6,105 -4.6% | $310,500 +13.1% |
| 2014 | $6,398 -0.8% | $274,500 -5% |
| 2013 | $6,449 +2.7% | $289,000 |
| 2012 | $6,279 -2.4% | $289,000 -6.9% |
| 2011 | $6,435 +4.9% | $310,500 -8.1% |
| 2010 | $6,133 -1% | $338,000 |
| 2009 | $6,196 +3.2% | $338,000 -2.6% |
| 2006 | $6,002 +9% | $347,100 +15% |
| 2005 | $5,505 +7.3% | $301,900 +15% |
| 2004 | $5,130 +41.7% | $262,600 +12% |
| 2002 | $3,622 -56.9% | $234,500 |
| 2001 | $8,412 | -- |
Find assessor info on the county website
Neighborhood: Lynnhurst
Nearby schools
GreatSchools rating
- 10/10Burroughs Elementary SchoolGrades: K-5Distance: 0.4 mi
- 7/10Justice Page Middle SchoolGrades: 6-8Distance: 1.4 mi
- 8/10Washburn Senior High SchoolGrades: 9-12Distance: 1.3 mi
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Estimated market value
$587,700
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
$587,700
- Minnesota
- Hennepin County
- Minneapolis
- 55419
- Lynnhurst
- 4949 Penn Ave S
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