3550 Penn Avenue N, Minneapolis, MN 55412 (MLS# 7098748)

3550 Penn Avenue N, Minneapolis, MN 55412

$124,900
Property Type: Commercial Bedrooms: 6 Baths: 6 Lot Size (sq. ft.): 6,970 Status: Active
Current Price: $124,900 List Date: 8/07/2026 Last Modified: 8/07/2026

Overview

Description

Six-unit apartment building with strong investment potential for the right buyer. Property is currentlycondemned by the city and will require repairs and approvals prior to occupancy, but offers anopportunity to renovate, reposition, and add value. Sold as-is.

Listing Details MLS# 7098748

General Property Information

Lot Measurement
Square Feet
Multiple PIDs?
No
Other Parking Spaces
5
Owner Occupied
No
Waterfront YN
No
Year Built
1957
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Lot Size SqFt
6970
Foundation Size
1702
For Sale or Lease
For Sale
Lot Dimensions
54x126.8
Assessment Pending
Yes

Property Features

Accessible: None Appliances: None Basement: Full CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Block; Stucco Foundation: Other Fuel: Natural Gas Heating: Hot Water Loan Terms: Cash On Site Utilities: Electric Common; Heating Separate; Hot Water Separate Parking Characteristics: Parking Lot Road Frontage: City Street Roof: Age Over 8 Years Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
124900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3550
Street Name
Penn
Street Suffix
Avenue
Street Direction Suffix
N
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55412
Complex/Dev/Subdivision
Egberts 2nd Add

Assessments

Assessment Balance
4962.72
Tax With Assessments
6925.34

Building Information

Building Finished SqFt
5106

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
09
Township#
29

Sale Options

Sale Includes
Building

Unit 1

Unit Number
Yes
Full Baths
Yes
Total Bathrooms
Yes
Total Bedrooms
Yes
Leased?
No
No. of 1 Bedroom Units
Yes

Unit 2

Full Baths
Yes
Leased?
No
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
2

Unit 3

Full Baths
Yes
Leased?
No
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
3

Unit 4

Full Baths
Yes
Leased?
No
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
4

Unit 5

Full Baths
Yes
Leased?
No
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
5

Unit 6

Full Baths
Yes
Leased?
No
Total Bathrooms
Yes
Total Bedrooms
Yes
Unit Number
6

Unit Details

Total Units
6

Unit Information

No. of Efficiency Units
Yes
IDX
Listing Office: Keller Williams Premier Realty
Last Updated: August - 07 - 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.