3229 Penn Avenue N, Minneapolis, MN 55412

$350,000
2
BD
2
BA
2,006
SqFt
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List Price
$350,000
MLS#
7146328
Status
ACTIVE
Type
Multifamily
Style
(MF) Duplex Up and Down
Bedrooms
2
Bathrooms
2
Living Area
2,006
Acres
0.12
Subdivision
Rheems Add
Neighborhood
12
Year Built
1963
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Call Shane Maki, Broker, 651-472-4012

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.

Call Shane Maki, Broker, 651-472-4012
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Additional Information

School District
Minneapolis
Tax Year
2026
Fuel
Natural Gas
Lot Description
Tree Coverage - Light
Sewer
City Sewer/Connected
Roof
Age Over 8 Years
Heating
Forced Air
Water
City Water/Connected
Basement
Daylight/Lookout Windows, Full, Shared Access, Unfinished
Parking
Parking Lot, Paved Lot
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