$3,551 Closing Credit¹
#6700008, Listing Office: Real Broker, LLC
$300,000 List price
3440 Penn Ave N Minneapolis, MN 55412
$3,563
Closing credit¹
3,350 sqft
$90 / sqft
Multi-Family
Property details
About 3440 Penn Ave N
Live in the newly remodeled side (3440) and rent the other. This is a great opportunity for either an owner/occupant or a pure investor. The big stuff is done; high-efficiency furnaces in both units in 2016, new 100 amp electrical panels in both units 2022, water heater in 3440 in 2022. 3440 has remodeled kitchen, newly refinished hardwood in the living room & main level bedrooms, new carpet in the lower level. Both units have big non-conforming 3rd bedrooms in the lower level with large egress windows. Most of the exterior window trim was replaced with low-maintenance PVC in April 2025. Very stable, long-term tenant has been in 3442 since 2009. Her current lease runs through 12/31/25. Taxes are extremely low as both units are currently enrolled in the city's 4d affordable housing incentive program. Details available on City of Minneapolis website. The listing agent is the owner of the property and is a Realtor licensed in the State of Minnesota.
Highlights
Home typeDuplex
HeatingForced Air
StatusActive
Size3,350 sqft
BasementYes
Year built1946
MLS #6715786
Summary
- Basement: Yes
- Heating: Forced Air
- List Price: $300,000
- Price/SqFt: $89
- Annual Tax Amount: $2,085
- Tax Year: 2023
- Lot: Few Trees
- Directions: Dowling to Penn Avenue, South to 3440/3442.
- Year Built: 1946
- Living Area: 3,350 SqFt
- MLS Number: 6715786
- MLS Name: NORTHSTAR
- Office Name: Edina Realty, Inc.
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$300,000
3440 Penn Ave N
$3,563
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 13, 2013 | Home Sold | $89,900 |
| Apr 27, 2004 | Home Sold | $144,900 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $44,000 | $2,085 |
| 2022 | $44,000 | $2,096 |
| 2021 | $211,000 | $2,177 |
| 2020 | $222,500 | $3,620 |
| 2019 | $185,500 | $3,248 |
| 2018 | $154,500 | $2,779 |
| 2017 | $130,000 | $2,356 |
History based on county public records data.
Nearby schools
1
Lucy Craft Laney Community School at Cleveland Park
Public District PK-5
0.2 mi
•3333 Penn Ave N
1
Nellie Stone Johnson Community School
Public District PK-5
1.2 mi
•807 27th Ave N
1
Cityview Community School
Public District PK-5
1.2 mi
•3350 N 4th St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $48,316. The most common annual income of people living in Minneapolis, MN is between $35k-100k. Most families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
37%
<35k
50%
35k-100k
13%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
48%
Single, No Kids
28%
Single, with Kids
11%
Married, No Kids
13%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
24%
<11 yrs old
12%
12-17 yrs old
29%
18-34 yrs old
31%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
Burlington
H&M
Foot Locker
Where do the neighbors go to eat?
White Castle
Popeyes
Little Caesars
What do the neighbors drive?
Kia
Nissan
Dodge
What do the neighbors listen to?
Urban Adult Contemporary
Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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This home is located at 3440 Penn Ave N in Minneapolis, MN and zip code 55412 in the Camden neighborhood. This 3,350 square foot home was built in 1946. Features: 0 bathroom. It has been listed on Rocket Homes since May 6, 2025 and is currently priced at $300,000.
While more than 466 listings in Minneapolis, MN in April 2025 were sold above asking price, there were more than 213 listings sold at asking price, and more than 261 were sold below. The number of listings in Minneapolis, MN increased by 23% between March and April 2025. While the average time on the market in April 2025 was 28 days, the median list price was $354,417.
From Rocket Homes Real Estate and based on county public records data.