2121 Penn Avenue S, Minneapolis, MN 55405 (MLS# 7022775)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1915
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Main Floor Total SqFt: 2523
Above Ground SqFt: 5046
Below Grd Total SqFt: 2523
Total SqFt: 7569
Foundation Size: 2523
Style: (MF) Four Plex
Total Finished Sqft: 5320.00
Lot Dimensions: 130x50
Acres: 0.15
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Coin-op Laundry Owned; Common Laundry Facility Basement: Full; Partially Finished; Shared Access; Storage Space; Storage/Locker; Unfinished Construction Materials: Frame Construction Status: Previously Owned Electric: 60 Amp Service; Circuit Breakers Existing Financing: Free and Clear Exterior: Brick/Stone Foundation: Brick/Mortar; Concrete Perimeter Fuel: Natural Gas Heating: Boiler; Hot Water Laundry: Common Area; In Basement Owner Pays: Insurance; Maintenance/Repair; Sewer; Taxes; Trash Collection; Water Pool Description: None Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Street Lights Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Flat Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Fuel; Gas; Heat Unit 1 Amenities: Historic/Period Millwork; Hardwood Floors Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Dining Room Description: Living/Dining Room Unit 1 Special Search: All Living Fac. on One Level Unit 2 Amenities: Historic/Period Millwork; Hardwood Floors Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Dining Room Description: Living/Dining Room Unit 2 Special Search: All Living Fac. on One Level Unit 3 Amenities: Historic/Period Millwork; Hardwood Floors Unit 3 Appliances: Range; Refrigerator Unit 3 Bath Description: Upper Level Full Bath Unit 3 Dining Room Description: Living/Dining Room Unit 3 Special Search: All Living Fac. on One Level Unit 4 Amenities: Historic/Period Millwork; Hardwood Floors Unit 4 Appliances: Dishwasher; Range; Refrigerator Unit 4 Bath Description: Upper Level Full Bath Unit 4 Dining Room Description: Living/Dining Room Unit 4 Special Search: All Living Fac. on One Level Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 1295000
ListPrice: 1295000
Owner is an Agent?: Yes
Auction?: No

Location Tax and Other Information

House Number: 2121
Street Name: Penn
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Island Park Add

Assessments

Tax With Assessments: 14160
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 5046
Finished SqFt Below Ground: 274

More Information

Income and Expenses

Annual Electric Expense: 713
Annual Gross Income: 75900
Annual Insurance Expense: 5152
Annual Water/Sewer Expense: 4508
Annual Caretaker Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 33
Township#: 29

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 16800
Finished SqFt: 1050
Full Baths: Yes
Monthly Rent: 1400
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 19800
Finished SqFt: 1050
Full Baths: Yes
Monthly Rent: 1650
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit 3

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 3
Annual Rent: 19500
Finished SqFt: 1145
Full Baths: Yes
Monthly Rent: 1625
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 7

Unit 4

Furnished?: No
Lease Expiration Date: 2027-03-31
Leased?: Yes
Unit Number: 4
Annual Rent: 19800
Finished SqFt: 1050
Full Baths: Yes
Monthly Rent: 1650
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 6

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 050 BLOCK 002 ISLAND PARK ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1858
Property ID Number: 3302924220048
Tax Year: 2025
Tax Amount: 14160
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Beautiful all-brick 4-plex just a half block from Lake of the Isles in the coveted Kenwood neighborhood. This classic building showcases timeless craftsmanship, with interior units featuring natural oak woodwork and hardwood floors. Three units include original built-in buffets and elegant room dividers with bookcases separating the living and dining rooms. A previous owner thoughtfully opened the sunroom and living room in Unit 1, creating an expansive, inviting space rarely found in buildings of this era. Over the years, all kitchens have been updated with a clean, modern style that complements the building’s historic character. Major mechanical updates provide peace of mind and strong rental appeal: tenants pay their own heat and electricity, supported by four newer boilers (2017), four individual hot water heaters, and separate updated electrical panels. The roof was replaced in 2020 with a durable Duro-Last system, and the sewer line was fully lined in 2025. Opportunities like this are rare—don’t miss one of the finest 4-plexes in the city, steps from the lake, parks, trails, and everything that makes Kenwood one of Minneapolis’ most desirable neighborhoods.
Directions: West Lake of the Isles Parkway to Penn Ave, north to property.

Accessible

None: Yes

Amenities Shared

Coin-op Laundry Owned: Yes
Common Laundry Facility: Yes

Basement

Full: Yes
Partially Finished: Yes
Shared Access: Yes
Storage Space: Yes
Storage/Locker: Yes
Unfinished: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Electric

60 Amp Service: Yes
Circuit Breakers: Yes

Existing Financing

Free and Clear: Yes

Exterior

Brick/Stone: Yes

Foundation

Brick/Mortar: Yes
Concrete Perimeter: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes
Hot Water: Yes

Laundry

Common Area: Yes
In Basement: Yes

Owner Pays

Insurance: Yes
Maintenance/Repair: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes
Street Lights: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Flat: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Tenant Pays

Electricity: Yes
Fuel: Yes
Gas: Yes
Heat: Yes

Unit 1 Amenities

Historic/Period Millwork: Yes
Hardwood Floors: Yes

Unit 1 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Dining Room Description

Living/Dining Room: Yes

Unit 1 Special Search

All Living Fac. on One Level: Yes

Unit 2 Amenities

Historic/Period Millwork: Yes
Hardwood Floors: Yes

Unit 2 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Main Floor Full Bath: Yes

Unit 2 Dining Room Description

Living/Dining Room: Yes

Unit 2 Special Search

All Living Fac. on One Level: Yes

Unit 3 Amenities

Historic/Period Millwork: Yes
Hardwood Floors: Yes

Unit 3 Appliances

Range: Yes
Refrigerator: Yes

Unit 3 Bath Description

Upper Level Full Bath: Yes

Unit 3 Dining Room Description

Living/Dining Room: Yes

Unit 3 Special Search

All Living Fac. on One Level: Yes

Unit 4 Amenities

Historic/Period Millwork: Yes
Hardwood Floors: Yes

Unit 4 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 4 Bath Description

Upper Level Full Bath: Yes

Unit 4 Dining Room Description

Living/Dining Room: Yes

Unit 4 Special Search

All Living Fac. on One Level: Yes