Redfin is joining Rocket

Discover how we're simplifying your journey home.

$475,000

40 Penn Ave S Minneapolis, MN 55405

3 beds
1 full
1,683 sqft
$282 / sqft
House

Property details

About 40 Penn Ave S

Come home to Bryn Mawr. This stunning cedar-sided bungalow blends warmth, charm, and versatility in one of Minneapolis’ most beloved neighborhoods. From the moment you walk through the door, you’ll feel right at home. A few updates are the new Roof on the house and sunroom, new front stoop, fresh interior and exterior paint and landscaping. Gorgeous hardwood floors flow throughout the open-concept main level, where the kitchen seamlessly connects to the living and dining areas—perfect for everyday living and entertaining alike. The dreamy primary suite is a true retreat, while the light-filled 4-season porch offers a peaceful space to relax and soak in the natural surroundings. Step outside into your own backyard oasis, complete with winding pathways, vibrant blooms, and multiple seating areas—an absolute paradise for gardeners and nature lovers. Need a space for your home-based business? One of the main-floor bedrooms is already plumbed and previously operated as a salon. Use it as-is, reimagine it as a massage room or wet bar lounge, or simply convert it back into a cozy bedroom or home office. All this, just blocks from neighborhood parks, trails, playgrounds, a local coffee shop, grocery store, breweries, yoga studio, and more.

Highlights

Home typeSingle Family Residence
HeatingForced Air
StatusComing Soon
CoolingCentral Air
Size1,683 sqft
BasementYes
Year built1942
ParkingGarage Door Opener
MLS #6723485
Garage1 space
FireplaceFamily Room, Gas
Active DateJuly 10, 2025

Summary

  • Full Bathrooms: 1
  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer
  • Basement: Yes
  • Fireplace: Family Room, Gas
  • Total Bedroom Count: 3
  • Garage Space: 1 space
  • Parking: Garage Door Opener
  • Heating: Forced Air
  • Cooling: Central Air
  • List Price: $475,000
  • Price/SqFt: $282
  • HOA Amount: $0
  • Annual Tax Amount: $4,764
  • Tax Year: 2023
  • Lot: Few Trees
  • Directions: Hwy 394 to Penn Ave, north to home
  • Year Built: 1942
  • Living Area: 1,683 SqFt
  • MLS Number: 6723485
  • MLS Name: NORTHSTAR
  • Office Name: eXp Realty

IDX Broker Reciprocity Copyright © 2025 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved.

By searching, you agree to the EULA Terms Agreement.

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, Inc. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Some or all of the property listings above may have been submitted to the Regional Multiple Listing Service (RMLS) by the listing broker for distribution to cooperating brokers through Broker reciprocity. Attribution of the listing broker may be found on the detail page for all properties. The broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision.

Any use of search facilities of data on this site, other than by a consumer looking to purchase real estate, is prohibited. No part of this search utility may be reproduced, adapted, translated, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording, or otherwise. Home sale information is not an appraisal, competitive or comparative market analysis, CMA or home valuation.

DMCA Notice
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 7/4/2025, 12:52:27 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Price information

Property sales

DateEventPrice
Oct 05, 2020
Home Sold
$360,000

Tax history

YearAssessmentProperty Tax
2023$370,000$4,764
2022$385,000$5,018
2021$339,000$4,595
2020$308,000$3,990
2019$291,940$4,229
2018$291,940$4,357
2017$264,690$3,974

History based on county public records data.

Nearby schools

1

Bryn Mawr Community School

Public District PK-5

0.4 mi

252 Upton Ave S

4

Kenwood Community School

Public District KG-5

0.9 mi

2013 Penn Ave S

1

Bethune Elementary School

Public District PK-5

1.1 mi

919 Emerson Ave N

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $89,706. The most common annual income of people living in Minneapolis, MN is between $35k-100k. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

How much money do the neighbors make?

10%
<35k
45%
35k-100k
28%
100k-200k
17%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree
Masters Degree
Doctorate

What types of families live nearby?

51%
Single, No Kids
7%
Single, with Kids
24%
Married, No Kids
18%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

13%
<11 yrs old
5%
12-17 yrs old
18%
18-34 yrs old
55%
35-64 yrs old
9%
65+ yrs old

What do the neighbors do for fun?

  • Skiing/snowboardingSkiing/snowboarding
  • SoccerSoccer
  • TennisTennis

Where do the neighbors shop?

  • NordstromNordstrom
  • The Container StoreThe Container Store
  • IKEAIKEA

Where do the neighbors go to eat?

  • California Pizza KitchenCalifornia Pizza Kitchen
  • StarbucksStarbucks
  • ChipotleChipotle

What do the neighbors drive?

  • BMWBMW
  • JeepJeep
  • LexusLexus

What do the neighbors listen to?

  • Talk/PersonalityTalk/Personality
  • AlternativeAlternative
  • NewsNews
All data provided by Home Junction and Claritas

Similar homes for sale

Frequently asked questions

About 40 Penn Ave S

The listing price of 40 Penn Ave S property is $475,000.

The property 40 Penn Ave S is a house located in Minneapolis, Minnesota, 55405.

Coming Soon: 40 Penn Ave S is Coming Soon. This listing has not previously been on the market, but will be on the market soon (no showings are allowed yet). A listing contract has been executed.

The nearby schools for 40 Penn Ave S are: Bryn Mawr Community School (GreatSchools Rating 1/10), Kenwood Community School (GreatSchools Rating 4/10), Bethune Elementary School (GreatSchools Rating 1/10), Anwatin Community Middle School (GreatSchools Rating 1/10), Best Academy (GreatSchools Rating 4/10), Loveworks Academy for Arts (GreatSchools Rating 1/10), Downtown Campus (GreatSchools Rating 1/10), Metro Schools Charter (GreatSchools Rating 6/10), Banaadir Secondary School (GreatSchools Rating 2/10).

According to the records, the last property tax for 2023 is $4,764 (source: MLS/based on county public records data).

The last sale was on October 5, 2020 for $360,000 (source: MLS/tax record).

The property at 40 Penn Ave S has 3 bedrooms and 2 bathrooms.

The property 40 Penn Ave S is 1,683 SqFt (source: MLS/tax record).

The year of construction for 40 Penn Ave S is 1942.

This home is located at 40 Penn Ave S in Minneapolis, MN and zip code 55405 in the Calhoun-Isles neighborhood. This 1,683 square foot home was built in 1942. Features: 3 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since July 3, 2025 and is currently priced at $475,000.

Over 634 listings were sold over their listed price in June 2025 in Minneapolis, MN. In the same period over 363 listings were sold below the listed price and 245 listings were sold for the listed price. The number of listings in Minneapolis, MN increased by 3.4% between May and June 2025. Listings spent 23 days on the market in June 2025, and had a median list price of $359,091 during the same period.

From Rocket Homes Real Estate and based on county public records data.

More resources