3239 Penn Avenue N, Minneapolis, MN 55412

$254,900
4
BD
2
BA
1,643
SqFt

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List Price
$254,900
Days on Market
84
MLS#
7130881
Status
ACTIVE
Type
Single Family Residential
Bedrooms
4
Bathrooms
2
Living Area
1,643
Acres
5227
Subdivision
Rheems Add
Neighborhood
12
Year Built
1920

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.

Additional Information

Subtype
Single Family
School District
Minneapolis
Appliances
Dishwasher, Dryer, Exhaust Fan, Range, Refrigerator, Washer
Tax Year
2026
Fencing
Privacy
Fuel
Natural Gas
Sewer
City Sewer/Connected
Air Conditioning
Central Air
Heating
Forced Air
Water
City Water/Connected
Basement
Block
Parking
Attached Garage, Parking Lot
Garage Spaces
2

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Listing courtesy of Bridge Realty, LLC.

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. Real estate listings held by brokerage firms other this firm are marked with the Broker Reciprocity logo. Information Deemed Reliable But Not Guaranteed. Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

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