3229 Penn AVE N, Minneapolis, MN 55412
3229 Penn AVE N, Minneapolis, MN 55412
3229 Penn AVE N, Minneapolis, MN 55412
3229 Penn AVE N, Minneapolis, MN 55412
3229 Penn AVE N, Minneapolis, MN 55412
3229 Penn AVE N, Minneapolis, MN 55412
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Derrick Witt

Derrick Witt

+1(952) 373-1492
$ 350,000
Est. payment | /mo

6 Beds

2 Baths

2,006 SqFt

Save
$ 350,000
Est. payment | /mo
Save

6 Beds

2 Baths

2,006 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Active

Purchase Type For Sale

Square Footage 2,006 sqft

Price per Sqft $174

Subdivision Rheems Add

MLS Listing ID 7146328

Bedrooms 6

Year Built 1963

Annual Tax Amount $4,038

Tax Year 2026

Contingent None

Lot Size 5,227 Sqft

Lot Dimensions 40X126

Property Sub-Type Duplex Up and Down

Property Description

Fantastic investment opportunity! This well-maintained and updated true up-and-down duplex offers strong rental income, excellent potential, and easy rental appeal. Top Unit is owner occupied and the bottom unit is 1200/month Each spacious unit features 3 bedrooms, 1 bathroom, beautiful hardwood floors, a separate furnace and water heater, and tenant-paid utilities. Built in 1963, this solid duplex also features coin-operated laundry, off-street parking, and numerous updates throughout. The basement offers additional space with potential to add a third unit, subject to city approval. With large units, separate utilities, strong rents, and a desirable layout, this is a great opportunity for an investor looking for a turn-key, income-producing property with additional upside.

Location

State MN

County Hennepin

Rooms

Basement Daylight/Lookout Windows, Full, Shared Access, Unfinished

Interior

Heating Forced Air

Fireplace No

Laundry Common Area, Lower Level

Exterior

Parking Features Parking Lot, Paved Lot

Roof Type Age Over 8 Years

Building

Lot Description Tree Coverage - Light

Story Two

Foundation 1008

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Listed by Thomas Cochrane-Cole • RE/MAX Results

Schools and Properties Nearby

Derrick Witt

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(952) 373-1492

derrick@derrickwitt.com

Learn More About LPT Realty

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3229 Penn AVE N