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Off market
  • $432,600

    5536 Penn Ave S, Minneapolis, MN 55419

    3beds
    1,200sqft
    Townhouse
    Built in ----
    -- sqft lot
    $432,600 Zestimate®
    $361/sqft
    $2,313 Estimated rent

    Home value

    $432,600

    $407,000 - $459,000

    $2,313/mo

    Zestimate® history
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    What's special

    Stunning quartz countertopsStainless steel appliancesFive-burner gas rangeBuilt-in microwave

    This beautifully refurbished duplex is available for rent for the first time in five years. It has three bedrooms and one bathroom, and is located in the high-demand Armatage neighborhood of Southwest Minneapolis. It is just steps from the Armatage Park and tennis courts; it is also two blocks away from Minnehaha Creek and popular restaurants such as The Book Club, Colita, Red Wagon, Saturday Dumpling Company, and Broders, and it is eight blocks from Lake Harriet. The kitchen was fully renovated with a contemporary vibe and stainless steel appliances including a five-burner gas range, dishwasher and built-in microwave. The kitchen sink is extra deep with a pull-out handle spray faucet. There are stunning quartz countertops and a center island highlighted by beautiful pendant lights. The kitchen island comfortably seats four, and creates an open floor plan between the kitchen and living room - perfect for entertaining! The bathroom is also renovated, with modern fixtures, subway tiling, and radiant heated floors perfect for those cold Minnesota winters!! There are two bedrooms on the main floor and a third in the basement. The basement has additional living space with custom, built-in cabinets and an accent wall ideal for your large screen TV or to use as gaming space, as well as a built-in bar area that includes a beverage fridge. There is refreshed flooring throughout the unit including hardwood floors in the main living area and luxury plush carpeting in bedrooms and basement living area. There is free, dedicated laundry in the private basement, along with lots of additional private storage space to fit your needs. The side yard is fenced, providing space for a dog run. Additionally, there is a shared paved patio in the back yard with enough room to grill out. There is a private one-car garage with an automatic door opener. A high-efficiency central air conditioning system with a programmable thermostat was installed in 2020 and the roof was replaced in 2023, which both contribute to greener living and lower utilities. There are newer windows, doors and blinds throughout the unit. The property is owned and managed by a family that lives just a few blocks away, and who are committed to being responsive and caring landlords. * Note that some of the pictures depict the adjacent unit, which is virtually identical. 12-month lease beginning July 15 or August 1, 2026. Owner pays water and trash/recycling; tenants pay gas and electric. Owner provides lawn care and tenants are responsible for snow removal. Well trained pets are allowed on a case-by-case basis, with an additional $45 per pet/month fee. Dedicated laundry in private basement and one garage spot are included in rent. Sorry; this property is not eligible for Section 8. Applicants will be subject to criminal background and credit checks, at a cost of $29 plus tax per adult.

    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:

    Source: Zillow Rentals

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    • Full bathrooms: 1
    Cooling
    • Central Air
    Appliances
    • Included: Dryer, Washer
    • Laundry: In Unit
    Features
    • Flooring: Hardwood
    Interior area
    • Total interior livable area: 1,200 sqft

    Property

    Parking
    • Parking features: Detached
    • Details: Contact manager
    Features
    • Exterior features: Electricity not included in rent, Garbage included in rent, Gas not included in rent, Lawn Care included in rent, Water included in rent
    Details
    • Parcel number: 2002824110179

    Construction

    Type & style
    • Home type: Townhouse
    • Property subtype: Townhouse

    Utilities & green energy

    • Utilities for property: Garbage, Water

    Community & HOA

    Community
    • Deposit fee: $2,465
    • Application fee: $29
    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $361/sqft
    • Tax assessed value: $420,800
    • Annual tax amount: $7,798
    • Date on market: 5/16/2026
    • Date available: 08/01/2026
    • Lease term: 1 Year

    Price history

    DateEventPrice
    5/22/2026Listing removed$2,465$2/sqft
    Source: Zillow Rentals Report a problem
    5/16/2026Listed for rent$2,465+0.6%$2/sqft
    Source: Zillow Rentals Report a problem
    3/14/2026Listing removed$2,450$2/sqft
    Source: Zillow Rentals Report a problem
    3/7/2026Listed for rent$2,450+15.3%$2/sqft
    Source: Zillow Rentals Report a problem
    3/28/2021Listing removed--
    Source: Zillow Rental Manager Report a problem
    3/26/2021Listed for rent$2,125$2/sqft
    Source: Zillow Rental Manager Report a problem
    9/17/2020Listing removed$349,900$292/sqft
    Source: Keller Williams Realty Integrity Lakes #5626741 Report a problem
    9/2/2020Listed for sale$349,900$292/sqft
    Source: Keller Williams Realty Integrity Lakes #5626741 Report a problem
    9/2/2020Pending sale$349,900-6.7%$292/sqft
    Source: Keller Williams Realty Integrity Lakes #5626741 Report a problem
    8/31/2020Sold$375,000+7.2%$313/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5626741 Report a problem
    8/7/2020Listed for sale$349,900$292/sqft
    Source: Keller Williams Realty Integrity Lakes #5626741 Report a problem
    8/7/2020Pending sale$349,900$292/sqft
    Source: Keller Williams Realty Integrity Lakes #5626741 Report a problem
    8/4/2020Listed for sale$349,900$292/sqft
    Source: Keller Williams Realty Integrity Lakes #5626741 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$7,798 +2.4%$420,800 -1.9%
    2024$7,615 +14.1%$429,000 -10.1%
    2023$6,673 +22.4%$477,000 +14.9%
    2022$5,453 +14.4%$415,000 +29.3%
    2021$4,768 -13.7%$321,000 +10.1%
    2020$5,526 +15.9%$291,500
    2019$4,768 -13.7%$291,500 +10%
    2018$5,526 +16.9%$265,000 +12.1%
    2017$4,727 -2.1%$236,500 +9.5%
    2016$4,830 +5.5%$216,000 +4.1%
    2015$4,579 -0.8%$207,500 +15%
    2014$4,618 +20%$180,500 +4.9%
    2013$3,849 +5.1%$172,000
    2012$3,661 +2.4%$172,000 -2.3%
    2011$3,574 +2.5%$176,000 -10.4%
    2010$3,487 -10.9%$196,500 -10.1%
    2009$3,915 +1.3%$218,500 -2.2%
    2006$3,865 +9%$223,500 +15%
    2005$3,544 +7.3%$194,400 +15%
    2004$3,304 +9.8%$169,100 +12%
    2002$3,009 -52.6%$151,000
    2001$6,352 --
    Find assessor info on the county website

    Neighborhood: Armatage

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $432,600
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    Estimated market value
    $432,600