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
...
(Read more)
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.
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 |
Listing Office:
Bridge Realty, LLC
Last Updated: August - 22 - 2026
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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.
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