Property Listing
Description
Welcome to this spacious and well-maintained 4-bedroom, 2-bathroom offering the perfect blend of character, functionality, and opportunity. Featuring large living space, four bedrooms on one level, an oversized 2-car garage, fenced backyard, and additional expansion potential in the basement, this home provides plenty of room to live, work and grow. Conveniently located just minutes from Downtown Minneapolis, major highways, parks, shopping, public transit, and neighborhood amenities, you'll enjoy easy access to everything the Twin Cities has to offer. Whether you're an owner-occupant seeking an affordable path to homeownership or an investor looking for strong rental potential, this property offers exceptional flexibility. The home currently benefits from Minneapolis 4D Affordable Housing Program, resulting in exceptionally low property taxes. Qualifying owner-occupant purchasers may be eligible for release of the affordability covenant through the City of Minneapolis, while investors can continue to benefit from the program's favorable tax treatment. Buyer to verify all program requirements and eligibility. A rare opportunity to own a large Minneapolis home with strong fundamentals, attractive carrying costs, and multiple paths to long-term value.
Property Information
Status: Active
Sub Type: ********
List Price: $254,900
MLS#: 7130881
Current Price: $254,900
Address: 3239 Penn Avenue N, Minneapolis, MN 55412
City: Minneapolis
State: MN
Postal Code: 55412
Geo Lat: 45.014393
Geo Lon: -93.308619
Subdivision: Rheems Add
County: Hennepin
Property Description
Year Built: 1920
Lot Size SqFt: 5227
Gen Tax: 995.41
Specials Inst: 302.77
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: 1543
Below Grade Finished Area: 100
Below Grade Unfinished Area:
Total SqFt.: 2330
Style: Array
Total Bedrooms: 4
Total Bathrooms: 2
Total Full Baths: 1
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions:
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: