Address
3239 Penn Avenue N, Minneapolis, MN
Price
$ 254,900
Property Attributes
- ID#7130881
- TypeSingle Family
- Listing Status Active
- CountyHENNEPIN
- CityMinneapolis
- AreaRheems Add
- NeighborhoodRheems Add
- Zip55412
- StyleSingle Family
- Year Built1920
- Taxes$ 995
- Price$ 254,900
- Bedrooms4
- Full Bathrooms1
- Half Bathrooms1
- Sqr Footage1643
- Lot Size0.119995 Acres
Data Source:
Northstar MLS (NSTAR)
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.
| Price History | |
|---|---|
| 8/21/2026 | Listed $254,900 |
General Features
| Living Area | 1643 |
|---|---|
| Sewer | City Sewer/Connected |
| Heating | Forced Air |
| Cooling | Central Air |
| Appliances | Dishwasher,Dryer,Exhaust Fan,Range,Refrigerator,Washer |
| Garage Spaces | 2 |
| Year Built | 1920 |
| Electric | Circuit Breakers |
| Levels | Two |
| Property Subtype | Single Family |
| Tax Year | 2026 |
| Accessibility | None |
| County | Hennepin |
| New Construction | No |
| Property Type | Residential |
| HOA | No |
| Contingency | None |
| Subdivision Name | Rheems Add |
| Full Baths | 1 |
| Directions | Hwy 100 to SE on Bottineau Blvd,E onto Lowry N,N onto Penn Ave N |
| City | Minneapolis |
| High School District | Minneapolis |
| Zoning Description | Residential-Single Family |
| Lot Size Units | Square Feet |
| Property Attached Y/N | No |
| Land Lease Y/N | No |
| Tax Annual Amount | 995.41 |
| Additional Parcels Y/N | No |
| Standard Status | Active |
| Lender Owned | No |
| PostalCity | Minneapolis |
Interior Features
| Basement | Block |
|---|---|
| Basement (Y/N) | Yes |
| Fireplace Y/N | No |
| Above Grade Finished Area | 1543 |
| Half Baths | 1 |
| Total Bedrooms | 4 |
| Below Grade Finished Area | 100 |
| Total Baths | 2 |
| Bath Desc | 1/2 Basement,Upper Level Full Bath |
| Fuel | Natural Gas |
| Garage Square Feet | 400 |
Exterior Features
| Fencing | Privacy |
|---|---|
| Parking Features | Attached Garage,Parking Lot |
| Water Source | City Water/Connected |
| Lot Size Area | 5227 |
| Building Area Total | 2330 |
| Lot Dimensions | 40x126 |
| Waterfront Y/N | No |
| Foundation Area | 787 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in 55412
Price
Taxes
Year Built
Visits
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Property Executives Realty are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (little black
house) and detailed information about them includes the name of the listing brokers.
Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2017 All rights reserved.
