About This Home

This 4-bedroom, 2-bathroom single family at 3239 Penn Avenue N in Minneapolis, MN is listed for $254,900 ($155 per sqft). Built in 1920, the home offers 1,643 sqft of living space on a 0.12 acres lot.

Key Features

  • Built in 1920
  • 0.12 acre lot

Property Details

1 full, 1 half
2-car garage
1920

Amenities

A/C
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.

Monthly Cost Estimate

$1,363/mo

20% down · 6.5% · 30 years

Principal$184
Interest$1,105
Insurance$74

Estimates only. Actual payments may vary.

Location

3239 Penn Avenue N

Minneapolis, MN 55412

Rheems Add

Property Details

Parking

Garage - AttachedParking Lot

Heating

Forced Air

Cooling

Central Air

Appliances

DishwasherDryerExhaust Fan/HoodRangeRefrigeratorWasher

Questions & Answers

This 4-bedroom, 2-bathroom single family at 3239 Penn Avenue N is listed at $254,900 ($155/sqft). The estimated monthly payment is $1,363 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.

Key features include: Built in 1920, 0.12 acre lot.

This property is listed by Obed Jean-Baptiste.

OJ

Obed Jean-Baptiste

Agent at Bridge Realty

Listed by Bridge Realty · Broker phone: (952) 368-0021 · View on Broker Site · Broker website

MLS# 7130881· Source: Northstar MLS· 71 days on PropertySimple

Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

3239 Penn Avenue N, Minneapolis, MN 55412

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