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$254,900

4 Beds 1 / 1 Full / Half Baths 1,643 SQFT 0.12 Acres
Type: Single Family

3239 Penn Avenue N
Minneapolis, MN 55412

MLS#: 7130881
Kurt Peterson
Kurt Peterson
The Real Estate Advantage
REALTOR and Team Leader
Phone: 612.325.6324
Office: 952.226.7700
Presented by: Bridge Realty, LLC

Property 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 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.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

1/4 Baths0
3/4 Baths0
Bath Desc1/2 Basement, Upper Level Full Bath
Half Baths1
Total Baths2

Other Interior Features

Above Grade Finished Area1,543 sqft
BasementBlock
Basement (Y/N)Yes
Below Grade Finished Area100 sqft
Fireplace Y/NNo
FuelNatural Gas
Garage Square Feet400
Total Fireplaces0

General

AccessibilityNone
Additional Parcels Y/NNo
AppliancesDishwasher, Dryer, Exhaust Fan, Range, Refrigerator, Washer
CityMinneapolis
ContingencyNone
CoolingCentral Air
CountyHennepin
DirectionsHwy 100 to SE on Bottineau Blvd, E onto Lowry N, N onto Penn Ave N
ElectricCircuit Breakers
Full Baths1
Garage Spaces2
HOANo
HOA Fee$0
HeatingForced Air
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area1,643 sqft
Lot Size UnitsSquare Feet
New ConstructionNo
PostalCityMinneapolis
Property Attached Y/NNo
Property SubtypeSingle Family
Property TypeResidential
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameRheems Add
Tax Annual Amount$995
Tax Year2026
Year Built1920
Zoning DescriptionResidential-Single Family

Exterior

Building Area Total2,330 sqft
FencingPrivacy
Foundation Area787 sqft
Lot Dimensions40x126
Lot Size Area5,227 sqft
Parking FeaturesAttached Garage, Parking Lot
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$254,900

4 Beds 1 / 1 Full / Half Baths 1,643 SQFT 0.12 Acres
Type: Single Family

3239 Penn Avenue N
Minneapolis, MN 55412

MLS#: 7130881
Kurt Peterson
Kurt Peterson
The Real Estate Advantage
REALTOR and Team Leader
Phone: 612.325.6324
Office: 952.226.7700