#6674131, Listing office: RE/MAX Results
$475,000 List price
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
StatusActive
CoolingCentral Air
Size1,683 sqft
BasementYes
Year built1942
ParkingGarage Door Opener
MLS #6723485
Garage1 space
FireplaceFamily Room, Gas
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
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 05, 2020 | Home Sold | $360,000 |
Tax history
| Year | Assessment | Property 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.
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. Most families are single, no kids. 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/snowboarding
Soccer
Tennis
Where do the neighbors shop?
Nordstrom
The Container Store
IKEA
Where do the neighbors go to eat?
California Pizza Kitchen
Starbucks
Chipotle
What do the neighbors drive?
BMW
Jeep
Lexus
What do the neighbors listen to?
Talk/Personality
Alternative
News
All data provided by Home Junction and Claritas
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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.
Active Listing: 40 Penn Ave S is For Sale (Active/New) which means the seller is accepting offers.
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.
In June 2025 more than 634 listings in Minneapolis, MN were sold above the asking price. During the same period more than 245 listings were sold at asking price, while more than 363 were sold below. The number of listings in Minneapolis, MN increased by 3.4% between May and June 2025. While the average time on the market in June 2025 was 23 days, the median list price was $359,091.
From Rocket Homes Real Estate and based on county public records data.