Home › 5053 Penn Avenue S, Minneapolis, MN 55419 (MLS# 7100786)

5053 Penn Avenue S, Minneapolis, MN 55419 (MLS# 7100786)

$650,000
5053 Penn Avenue S
Minneapolis, MN 55419
MLS# 7100786
Status: Coming Soon
6 beds  |  2 baths  |  3219 sqft
5053 Penn Avenue S, Minneapolis, MN 55419
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5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419 5053 Penn Avenue S, Minneapolis, MN 55419

Property Description
This turnkey duplex sits three blocks from Lake Harriet and close to Minnehaha Creek, near fabulous restaurants like Broders and great neighborhood shopping. Each unit has 3 bedrooms, with the third tucked down a back hallway, meaning it’s private and out of sight, making it also ideal as a home office. Add separate washers and dryers, original woodwork and built-ins, and updates throughout. One unit rents for $2,380 with room to raise, and the owner's unit can go straight to market rate. Outside, enjoy a quiet brick patio plus a 2-car garage and two off-street spaces. Live in one unit and let the other help cover the mortgage, or add it to your investment portfolio in one of Minneapolis's best lake neighborhoods.

Details
Maps
Contract Information
Status: Coming Soon
Contingency: None
Current Price: 650000
Original List Price: 650000
ListPrice: 650000
List Date: 2026-07-07
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: Yes
Waterfront YN: No
Year Built: 1923
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 6
Baths Total: 2
Main Floor Total SqFt: 1073
Above Ground SqFt: 2146
Below Grd Total SqFt: 1073
Total SqFt: 3219
Foundation Size: 1073
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2146.00
Garage Stalls: 2
Lot Dimensions: 40x128
Acres: 0.12
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 5053
Street Name: Penn
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55419
Complex/Dev/Subdivision: Thornton Park 2nd Div
Assessments
Tax With Assessments: 9467
Building Information
Finished SqFt Above Ground: 2146
Income and Expenses
Annual Gross Income: 58560
Annual Insurance Expense: 3300
Annual Net Income: 58560
Annual Trash Expense: 400
Annual Water/Sewer Expense: 1400
Total Annual Expenses: 5100
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: Yes
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 435
Public Survey Info
Range#: 24
Section#: 16
Township#: 28
Unit 1
Furnished?: No
Leased?: No
Level: Main Level
Unit Number: 1
Annual Rent: 30000
Finished SqFt: 1073
Full Baths: 1
Monthly Rent: 2500
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 6
Unit 2
Furnished?: No
Lease Expiration Date: 2027-05-03
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 28560
Finished SqFt: 1073
Full Baths: 1
Monthly Rent: 2380
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 3
Total Rooms: 6
Unit Details
Total Units: 2
Property Features
Accessible: None
Assumable Loan: Not Assumable
Basement: Concrete Block
Construction Materials: Frame
Construction Status: Previously Owned
Electric: Circuit Breakers
Exterior: Stucco
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Internet Options: Fiber Optic
Laundry: In Basement
Lock Box Type: Combo
Owner Pays: Sewer; Trash Collection; Water
Road Frontage: City Street
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less
Sellers Terms: Cash; Conventional; FHA; VA
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Electricity; Gas
Unit 1 Amenities: Countertops-Solid Surface; Ceiling Fan(s); Main Floor Primary Bedroom; Porch
Unit 1 Appliances: Dishwasher; Range; Refrigerator
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Window
Unit 1 Dining Room Description: Separate/Formal Dining Rm
Unit 1 Special Search: Main Floor Bedroom; 3 BR on One Level
Unit 2 Amenities: Hardwood Floors; Natural Woodwork; Porch
Unit 2 Appliances: Dishwasher; Range; Refrigerator
Unit 2 Bath Description: Upper Level Full Bath
Unit 2 Cooling: Window
Unit 2 Dining Room Description: Separate/Formal Dining Rm
Unit 2 Special Search: 3 BR on One Level
Water: City Water/Connected

Listing Office: Keller Williams Realty Integrity

Last Updated: July - 09 - 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.

Friday 10th of July 2026 10:54 PM

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