2 days on Rocket
#6756166, Listing office: HOMESTEAD ROAD
$295,000 List price
5045 Penn Ave S Minneapolis, MN 55419
2 beds
1 full
946 sqft
$312 / sqft
House
Property details
About 5045 Penn Ave S
Opportunity knocks with this fixer-upper with endless potential! This 2-bedroom, 1-bath home sits on a large lot and is perfect for investors or buyers ready to roll up their sleeves. Inside you'll find original charm, hardwood floors, and a practical layout ready for your personal touch. The unfinished basement offers additional space for storage or expansion. Great location near parks, schools, and local amenities. Whether you're looking to renovate and flip or create a cozy home with sweat equity, this property is full of possibilities.
Highlights
Home typeSingle Family Residence
HeatingSteam, Radiant
StatusActive
Size946 sqft
BasementYes
Year built1920
ParkingDetached, Electric, Garage Door Opener
MLS #6753466
Garage2 spaces
FireplaceFree Standing, Wood Burning Stove
Summary
- Full Bathrooms: 1
- Appliances: Dryer, Gas Water Heater, Range, Refrigerator, Washer
- Basement: Yes
- Fireplace: Free Standing, Wood Burning Stove
- Total Bedroom Count: 2
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Detached, Electric, Garage Door Opener
- Heating: Steam, Radiant
- Cooling: None
- List Price: $295,000
- Price/SqFt: $311
- HOA Amount: $0
- Annual Tax Amount: $5,036
- Tax Year: 2023
- Directions: 50th to Penn Ave, south 1 block to home.
- Year Built: 1920
- Living Area: 946 SqFt
- MLS Number: 6753466
- MLS Name: NORTHSTAR
- Office Name: Kris Lindahl Real Estate
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Last updated on: 7/20/2025, 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
We're sorry, we currently don't have property sales data for this listing.
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $369,000 | $5,036 |
| 2022 | $356,000 | $4,900 |
| 2021 | $339,000 | $4,903 |
| 2020 | $317,000 | $4,439 |
| 2019 | $291,940 | $4,555 |
| 2018 | $276,135 | $4,458 |
| 2017 | $242,345 | $3,984 |
History based on county public records data.
Nearby schools
9
Burroughs Community School
Public District KG-5
0.4 mi
•1601 W 50th St
8
Armatage Elementary School
Public Magnet KG-5
0.7 mi
•2501 W 56th St
9
Kenny Community School
Public District KG-5
1.0 mi
•5720 Emerson Ave S
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 $124,063. Residents of Minneapolis, MN typically earn between $100k-200k each year. Typical family type is single, no kids. The majority of residents in this area have post secondary degree education.
How much money do the neighbors make?
24%
<35k
14%
35k-100k
35%
100k-200k
27%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
36%
Single, No Kids
9%
Single, with Kids
28%
Married, No Kids
27%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
19%
<11 yrs old
8%
12-17 yrs old
14%
18-34 yrs old
49%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Hiking/backpacking
Live Theatre
Men's Tennis
Where do the neighbors shop?
Bloomingdales
Nordstrom Rack
Crate & Barrel
Where do the neighbors go to eat?
Starbucks
Boston Market
The Cheesecake Factory
What do the neighbors drive?
Audi
Mercedes
Volvo
What do the neighbors listen to?
Alternative
News- Rhythmic Contemporary Hits
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5045 Penn Ave S
The listing price of 5045 Penn Ave S property is $295,000.
The property 5045 Penn Ave S is a house located in Minneapolis, Minnesota, 55419.
Active Listing: 5045 Penn Ave S is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 5045 Penn Ave S are: Burroughs Community School (GreatSchools Rating 9/10), Armatage Elementary School (GreatSchools Rating 8/10), Kenny Community School (GreatSchools Rating 9/10), Anthony Community Middle School (GreatSchools Rating 7/10), Agamim Classical Academy (GreatSchools Rating 7/10), Stonebridge World School (GreatSchools Rating 1/10), Southwest Senior High School (GreatSchools Rating 6/10), Washburn High School (GreatSchools Rating 6/10), Edina High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $5,036 (source: MLS/based on county public records data).
The property at 5045 Penn Ave S has 2 bedrooms and 1 bathroom.
The property 5045 Penn Ave S is 946 SqFt (source: MLS/tax record).
The year of construction for 5045 Penn Ave S is 1920.
This home is located at 5045 Penn Ave S in Minneapolis, MN and zip code 55419 in the Thornton Park neighborhood. This 946 square foot home was built in 1920. Features: 2 bedrooms, 1 bathroom. It has been listed on Rocket Homes since July 11, 2025 and is currently priced at $295,000.
While more than 634 listings in Minneapolis, MN in June 2025 were sold above asking price, there were more than 245 listings sold at asking price, and more than 363 were sold below. The number of homes for sale in Minneapolis, MN increased by 3.4% between May and June 2025. In June 2025 median list price was $359,091 and the average listing age was 23 days.
From Rocket Homes Real Estate and based on county public records data.