3453 Penn Avenue N, Minneapolis, MN 55412 (MLS# 7044073)
$307,500
Minneapolis, MN 55412
MLS# 7044073
1 / 19
Property Description
Price Improvement! Northside Ownership Opportunity! This is an excellent opportunity to launch or expand your real estate portfolio with this Northside Land Trust property. Building currently has one long-term, established tenant + an additional space to lease & build still more equity. Located on high visibility Penn Ave. in close proximity to public transit, freeway access, downtown Minneapolis, and more.
Details
Maps
Documents
Contract Information
Status: Active
Current Price: 307500
Contingency: None
ListPrice: 307500
List Date: 2026-03-27
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 12
Owner Occupied: No
Waterfront Present: No
Year Built: 1921
Yearly/Seasonal: Yearly
Zoning: Business/Commercial
Foundation Size: 2122
For Sale or Lease: For Sale
Acres: 0.13
Lot Dimensions: 43 x 127
Assessment Pending: No
Location Tax and Other Information
House Number: 3453
Street Name: Penn
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55412
Complex/Dev/Subdivision: Fletcher & Fletchers Add
Assessments
Tax With Assessments: 8075
Basement
Foundation Dimensions: 38x56
Building Information
Building Finished SqFt: 4246
Building SqFt: 4246
Income and Expenses
Annual Electric Expense: 2664
Annual Fuel Expense: 2736
Annual Gross Expenses: 10225
Annual Gross Income: 22000
Annual Insurance Expense: 9627
Annual Water/Sewer Expense: 2076
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 08
Township#: 29
Sale Options
Sale Includes: Building
Unit 1
Unit Number: 1
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2026-09-28
No. of 1 Bedroom Units: 1
Unit Details
Total Units: 2
Unit Information
No. of Efficiency Units: 1
Property Features
Accessible: Wheelchair Ramp
Basement: Unfinished
CMU Style: Business Opportunity
Construction Status: Previously Owned
Current Use: Beauty/Barber Shop; Food Service; Retail; Vacant
Exterior: Stucco
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Conventional; Other
Lot Description: Corner Lot
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Parking Characteristics: Gravel Lot; Off Site
Rental License Type: Standard
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age Over 8 Years
Sewer: City Sewer - In Street
Water: City Water/Connected
3453 Penn Ave N - For Sale-compressed.pd Listing Office: Assembly MN LLC
Last Updated: May - 27 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
Thursday 28th of May 2026 01:11 PM
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