3229 Penn Avenue N

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Address: 3229 N Penn Ave, Minneapolis, MN 55412, USA
Chicago & Midwest + Apartment Buildings
Created date: September 18, 2026
Date last updated: September 18, 2026
Price: $350,000Investment Analyzer NEW!

Property Description

Fantastic investment opportunity! This well-maintained and updated true up-and-down duplex offers strong rental income, excellent potential, and easy rental appeal. Top Unit is owner occupied and the bottom unit is 1200/month Each spacious unit features 3 bedrooms, 1 bathroom, beautiful hardwood floors, a separate furnace and water heater, and tenant-paid utilities. Built in 1963, this solid duplex also features coin-operated laundry, off-street parking, and numerous updates throughout. The basement offers additional space with potential to add a third unit, subject to city approval. With large units, separate utilities, strong rents, and a desirable layout, this is a great opportunity for an investor looking for a turn-key, income-producing property with additional upside.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $350,000
Year Built: 1963
Lot Size: 2,006.00 Sq ft
Opportunity Zone: No
Property Website Click Here
Number of Bedrooms: 2
Number of Bathrooms: 2
Address: 3229 Penn Avenue N, Minneapolis, MN 55412, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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