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  • $450,000

    5633 Penn Ave S, Minneapolis, MN 55419

    4beds
    2baths
    1,819sqft
    : 
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    Duplex Side by Side
    Built in 1950
    -- sqft lot
    $517,400 Zestimate®
    $247/sqft
    $-- HOA

    What's special

    Rare duplex property in Southwest Minneapolis. Perfect match for an owner occupant or investor. Ready for renters immediately or add bedrooms/bathrooms to enhance and maximize the income potential of this property. A very walkable and prime location near everything at 54th and Penn Ave S plus close proximity to Lake Harriet, Linden Hills, local unique eateries and centrally located for easy access to the entire Twin Cities area. This side by side duplex faces west towards the green space and trees of the neighborhood favorite Armatage Park. The sunset views are spectacular from the front yard! Each side features 2 bedrooms and a full bathroom on the main level. Original hardwood floors. Freshly painted interiors. 2-car detached garage with no alley. Built in 1950 with an all brick exterior. New roof on home and garage in 2024. Full concrete block wall in lower level keeps each side 100% separate. Tons of storage space in the number of closets on the main level and in the lower level. Untapped potential in lower level to add an egress window or 2nd bathroom and increase finished square footage. Includes separate front and side entrances with minimal steps for easy access. Dividing up the utilities is easy due to and separate electric meters at back of the home and separate gas meters at the front. Clean City of Minneapolis TISH Report with no required repairs. A unique property with many positives in a prime Southwest Minneapolis location! Bring your vision or just move in and rent out immediately. High demand. Quick closing possible. Check it out today!
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    Zillow last checked:

    Listing updated:

    Listed by:

    Erik W Wood 612-708-6743,

    Compass

    Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7100406MLS Logo

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      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 4
      • Bathrooms: 2
      Heating
      • Forced Air
      Appliances
      • Laundry: In Basement, Gas Dryer Hookup, Lower Level
      Features
      • Basement: Block,Daylight,Storage/Locker,Storage Space,Unfinished
      Interior area
      • Total structure area: 3,457
      • Total interior livable area: 1,819 sqft
      • Finished area above ground: 1,819
      • Finished area below ground: 0

      Property

      Parking
      • Total spaces: 2
      • Parking features: Detached Garage, Asphalt, Garage Door Opener, Shared Garage/Stall
      • Garage spaces: 2
      • Has uncovered spaces: Yes
      • Details: Garage Dimensions (19x19), Garage Door Height (7), Garage Door Width (8)
      Accessibility
      • Accessibility features: None
      Features
      • Levels: One
      • Pool features: None
      • Fencing: Chain Link,Full
      Lot
      • Size: 7,840 Square Feet
      • Dimensions: 60 x 133
      • Features: Near Public Transit, Tree Coverage - Light
      Details
      • Foundation area: 1819
      • Parcel number: 2102824230031
      • Zoning description: Residential-Multi-Family

      Construction

      Type & style
      • Home type: MultiFamily
      • Property subtype: Duplex Side by Side
      Materials
      • Block, Concrete, Steel Siding
      • Roof: Age 8 Years or Less,Asphalt,Pitched
      Condition
      • New construction: No
      • Year built: 1950

      Utilities & green energy

      • Electric: Circuit Breakers, 100 Amp Service, Power Company: Xcel Energy
      • Gas: Electric, Natural Gas
      • Sewer: City Sewer/Connected
      • Water: City Water/Connected

      Community & HOA

      Community
      • Subdivision: Penn Ave Heights
      HOA
      • Amenities included: None
      Location
      • Region: Minneapolis

      Financial & listing details

      • Price per square foot: $247/sqft
      • Tax assessed value: $457,700
      • Annual tax amount: $9,083
      • Date on market: 7/15/2026
      • Tenant pays: Electricity, Gas

        Estimated market value

        $517,400

        $471,000 - $569,000

        $1,637/mo

        Price history

        DateEventPrice
        7/16/2026Listed for sale$450,000+62.5%$247/sqft
        Source: NorthstarMLS as distributed by MLS GRID #7100406 Report a problem
        7/19/2025Listing removed$1,550$1/sqft
        Source: Zillow Rentals Report a problem
        7/16/2025Listed for rent$1,550+18.3%$1/sqft
        Source: Zillow Rentals Report a problem
        2/23/2021Listing removed--
        Source: Owner Report a problem
        6/30/2020Listing removed$1,310$1/sqft
        Source: Owner Report a problem
        6/23/2020Listed for rent$1,310$1/sqft
        Source: Owner Report a problem
        6/28/2012Sold$277,000-4.4%$152/sqft
        Source: NorthstarMLS as distributed by MLS GRID #4145278 Report a problem
        10/22/2011Price change$289,900-3.3%$159/sqft
        Source: Coldwell Banker Burnet - Minneapolis Lakes #4096967 Report a problem
        6/29/2011Price change$299,900+0.3%$165/sqft
        Source: Integrity Holdings Real Estate LLC #4062659 Report a problem
        7/25/2010Price change$299,000-3.5%$164/sqft
        Source: Keller Williams Integrity Realty Lakes #3942480 Report a problem
        7/3/2010Listed for sale$309,900$170/sqft
        Source: Keller Williams Integrity Realty Lakes #3942480 Report a problem

        Public tax history

        YearProperty taxesTax assessment
        2025$9,381 +4.5%$457,700 -7%
        2024$8,976 +8.8%$492,000 -7.9%
        2023$8,246 +6.9%$534,000 +10.3%
        2022$7,712 +13.1%$484,000 +13.6%
        2021$6,820 -3.7%$426,000 +10.1%
        2020$7,081 +3.8%$387,000 +4%
        2019$6,820 -3.7%$372,000 +10.1%
        2018$7,081 +16.7%$338,000 +11.9%
        2017$6,067 -2.1%$302,000 +5.4%
        2016$6,199 +1.9%$286,500 +7.9%
        2015$6,086 +2.4%$265,500 +14.9%
        2014$5,940 +23.4%$231,000 +5%
        2013$4,815 +2.8%$220,000
        2012$4,683 +0.3%$220,000 -4.3%
        2011$4,670 +3%$230,000 -10%
        2010$4,535 -8.5%$255,500 -7.6%
        2009$4,954 +28.3%$276,500 -1.9%
        2006$3,860 +10.7%$281,800 +15%
        2005$3,489 +8.8%$245,100 +15%
        2004$3,206 +14.4%$213,200 +14.3%
        2002$2,803 -55.3%$186,500
        2001$6,273 --
        Find assessor info on the county website

        Monthly payment

        Est. payment

        Payment breakdown

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        All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
        HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
        Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
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        Climate risks

        Neighborhood: Armatage

        Getting around

        51 / 100
        Somewhat Walkable
        37 / 100
        Some Transit
        62 / 100
        Bikeable

        Nearby schools

        GreatSchools rating

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