3239 Penn Avenue N, Minneapolis, MN 55412 (MLS# 7130881)

3239 Penn Avenue N, Minneapolis, MN 55412

New Listing
$254,900
Property Type: Residential Bedrooms: 4 Baths: 2 Square Footage: 2,330 Lot Size (sq. ft.): 5,227 Status: Active
Current Price: $254,900 List Date: 8/21/2026 Last Modified: 8/22/2026

Overview

Description

Welcome to this spacious and well-maintained 4-bedroom, 2-bathroom offering the perfect blend of character, functionality, and opportunity. Featuring large living space, four bedrooms on one level, an oversized 2-car garage, fenced backyard, and additional expansion potential in the basement, this home provides plenty of room to live, work and grow. Conveniently located just minutes from Downtown Minneapolis, major highways, parks, shopping, public transit, and neighborhood amenities, you'll enjoy easy access to everything the Twin Cities has to offer. Whether you're an owner-occupant seeking an affordable path to homeownership or an investor looking for strong rental potential, this property offers exceptional flexibility. The home currently benefits from Minneapolis 4D Affordable Housing Program, resulting in exceptionally low property taxes. Qualifying owner-occupant purchasers may be eligible for release of the affordability covenant through the City of Minneapolis, while investo ...

Listing Details MLS# 7130881

General Property Information

Common Wall
No
Lot Measurement
Square Feet
Manufactured Home?
No
Multiple PIDs?
No
New Development
No
Waterfront YN
No
Year Built
1920
Yearly/Seasonal
Yearly
Zoning
Residential-Single Family
Bath Full
Yes
Bath Half
Yes
Main Floor Total SqFt
771
Above Grd Total SqFt
1543
Below Grd Total SqFt
787
Total SqFt
2330
Lot Size SqFt
5227
Total Finished Sqft
1643.00
FireplaceYN
No
Style
(SF) Single Family
Foundation Size
787
Garage Stalls
2
Lot Dimensions
40x126
Assessment Pending
Yes
Number of Fireplaces
0
Bath Three Quarters
0
Bath Quarter
0
Association Fee
0

Property Features

Accessible: None Air Conditioning: Central Air Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Basement: Concrete Block Bath Description: Upper Level Full Bath; 1/2 Basement Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Vinyl Fencing: Privacy Foundation: Brick/Mortar Fuel: Natural Gas Heating: Forced Air Parking Characteristics: Parking Lot Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
254900
ListPrice
254900
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
3239
Street Name
Penn
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55412
Complex/Dev/Subdivision
Rheems Add

Assessments

Assessment Balance
302.77
Tax With Assessments
1298.18

Building Information

Finished SqFt Above Ground
1543
Finished SqFt Below Ground
100

More Information

Insurance Fee

Insurance Fee
2277
Insurance Fee Frequency
Annually

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
400
Parking Lot
Yes

Public Survey Info

Range#
24
Section#
08
Township#
29

Office/Member Info

Association
MAAR

Location, Tax and Other Information

AssocFeeYN
No
Legal Description
LOT 006 BLOCK 001 RHEEMS ADDN TO MPLS
Listing City
Minneapolis
Map Page
92
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
5305
Property ID Number
0802924140153
Tax Year
2026
Tax Amount
995.41
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Welcome to this spacious and well-maintained 4-bedroom, 2-bathroom offering the perfect blend of character, functionality, and opportunity. Featuring large living space, four bedrooms on one level, an oversized 2-car garage, fenced backyard, and additional expansion potential in the basement, this home provides plenty of room to live, work and grow. Conveniently located just minutes from Downtown Minneapolis, major highways, parks, shopping, public transit, and neighborhood amenities, you'll enjoy easy access to everything the Twin Cities has to offer. Whether you're an owner-occupant seeking an affordable path to homeownership or an investor looking for strong rental potential, this property offers exceptional flexibility. The home currently benefits from Minneapolis 4D Affordable Housing Program, resulting in exceptionally low property taxes. Qualifying owner-occupant purchasers may be eligible for release of the affordability covenant through the City of Minneapolis, while investors can continue to benefit from the program's favorable tax treatment. Buyer to verify all program requirements and eligibility. A rare opportunity to own a large Minneapolis home with strong fundamentals, attractive carrying costs, and multiple paths to long-term value.
Directions
Hwy 100 to SE on Bottineau Blvd, E onto Lowry N, N onto Penn Ave N

Accessible

None
Yes

Air Conditioning

Central Air
Yes

Appliances

Dishwasher
Yes
Dryer
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Basement

Concrete Block
Yes

Bath Description

Upper Level Full Bath
Yes
1/2 Basement
Yes

Construction Status

Previously Owned
Yes

Electric

Circuit Breakers
Yes

Exterior

Vinyl
Yes

Fencing

Privacy
Yes

Foundation

Brick/Mortar
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Room Information

Room Name Level
First (1st) Bedroom Upper
Fourth (4th) Bedroom Upper
Second (2nd) Bedroom Upper
Third (3rd) Bedroom Upper
IDX
Listing Office: Bridge Realty, LLC
Last Updated: August - 22 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.