$4,038 Closing Credit¹
#6724605, Listing Office: National Realty Guild
$300,000 List price
7109 Penn Ave S Richfield, MN 55423
$3,563
Closing credit¹
3 beds
1 full, 1 partial
1,696 sqft
$177 / sqft
House
Property details
About 7109 Penn Ave S
Unlock the potential in this diamond-in-the-rough that's walkable to France Avenue’s shops, dining, and amenities. Newer roof and cement fiber siding. This property is a great renovation opportunity—ideal for investors, flippers, or handy homeowners looking to build sweat equity. With easy access to Hwy 62, 35W, and 494, commuting around the metro is a breeze. Whether you're looking to restore and resell or create your dream home from the studs up, this is the perfect canvas in a highly desirable location. Sold as-is. Bring your vision and make it shine!
Highlights
Home typeSingle Family Residence
HeatingForced Air
StatusActive
CoolingCentral Air
Size1,696 sqft
BasementYes
Year built1958
ParkingDetached
MLS #6719197
Garage2 spaces
Summary
- Partial Bathrooms: 1
- Full Bathrooms: 1
- Basement: Yes
- Total Bedroom Count: 3
- Garage Space: 2 spaces
- Attached Garage: No
- Parking: Detached
- Heating: Forced Air
- Cooling: Central Air
- List Price: $300,000
- Price/SqFt: $176
- HOA Amount: $0
- Annual Tax Amount: $5,264
- Tax Year: 2023
- Directions: From 35W, take W 82nd St exit and go west, turn north onto Penn Ave S. Home will be on the right. Home is directly across from entrance to the cemetery.
- Year Built: 1958
- Living Area: 1,696 SqFt
- MLS Number: 6719197
- MLS Name: NORTHSTAR
- Office Name: Real Broker, LLC
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$300,000
7109 Penn Ave S
$3,563
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
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 | $353,900 | $5,264 |
| 2022 | $349,000 | $4,990 |
| 2021 | $304,000 | $4,682 |
| 2020 | $293,000 | $4,602 |
| 2019 | $262,510 | $3,996 |
| 2018 | $257,060 | $4,006 |
| 2017 | $224,360 | $3,742 |
History based on county public records data.
Nearby schools
7
Seven Hills Preparatory Academy Lower Elementary School
Public Charter KG-5
0.8 mi
•1401 W 76th St
5
Sheridan Hills Elementary
Public District KG-5
0.9 mi
•6400 Sheridan Ave S
7
Cornelia Elementary School
Public District KG-5
1.4 mi
•7000 Cornelia Dr
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 $105,263. Typical income of Richfield, MN residents is between $100k-200k annually. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
How much money do the neighbors make?
7%
<35k
38%
35k-100k
53%
100k-200k
2%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
41%
Single, No Kids
6%
Single, with Kids
34%
Married, No Kids
19%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
7%
12-17 yrs old
22%
18-34 yrs old
44%
35-64 yrs old
15%
65+ yrs old
What do the neighbors do for fun?
Symphony or Opera
Tennis
Hiking/backpacking
Where do the neighbors shop?
Chico's
IKEA
Nordstrom Rack
Where do the neighbors go to eat?
Boston Market
Chipotle
Bonefish Grill
What do the neighbors drive?
Volvo
Jeep
Mazda
What do the neighbors listen to?
Talk/Personality
Alternative
Rock
All data provided by Home Junction and Claritas
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Frequently asked questions
About 7109 Penn Ave S
The listing price of 7109 Penn Ave S property is $300,000.
The property 7109 Penn Ave S is a house located in Richfield, Minnesota, 55423.
Active Listing: 7109 Penn Ave S is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 7109 Penn Ave S are: Seven Hills Preparatory Academy Lower Elementary School (GreatSchools Rating 7/10), Sheridan Hills Elementary (GreatSchools Rating 5/10), Cornelia Elementary School (GreatSchools Rating 7/10), Richfield Middle School (GreatSchools Rating 3/10), Seven Hills Preparatory Academy Upper (GreatSchools Rating 5/10), Scitech Academy Middle School (GreatSchools Rating 1/10), South Education Center Academy (GreatSchools Rating 1/10), Richfield High School (GreatSchools Rating 5/10), Edina High School (GreatSchools Rating 9/10).
According to the records, the last property tax for 2023 is $5,264 (source: MLS/based on county public records data).
The property at 7109 Penn Ave S has 3 bedrooms and 1 full and 1 half bathrooms.
The property 7109 Penn Ave S is 1,696 SqFt (source: MLS/tax record).
The year of construction for 7109 Penn Ave S is 1958.
This home is located at 7109 Penn Ave S in Richfield, MN and zip code 55423 in the Forest Lawn neighborhood. This 1,696 square foot home was built in 1958. Features: 3 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since May 23, 2025 and is currently priced at $300,000.
Over 20 listings were sold over their listed price in April 2025 in Richfield, MN. In the same period over 6 listings were sold below the listed price and 4 listings were sold for the listed price. The inventory of homes for sale in Richfield, MN between March and April 2025 increased by 21.6%. The median list price of listings available in April 2025 was $367,500, while the average time on the real estate market was 17 days.
From Rocket Homes Real Estate and based on county public records data.