242 Penn Avenue N, Minneapolis, MN 55405 (MLS# 7075078)

Overview

Description

Welcome home to this beautifully updated 4-bedroom gem in Minneapolis’ desirable Harrison neighborhood, just north of Bryn Mawr! Whether you’re a first-time buyer, growing household, or investor, this home offers the perfect blend of comfort, convenience, and value. Inside, you’ll find a completely updated bathroom, and the kitchen has new lower cabinets, countertops, hardware, and flooring. The hardwood floors on the main level were refinished in 2024, and the lower-level flooring was replaced in May 2026. This bright, functional layout is designed for everyday living. Major updates provide peace of mind, including a full exterior repaint completed in 2024 and a brand-new roof scheduled for completion on June 2, 2026. The spacious 2-car garage adds extra storage and convenience year-round. Enjoy an unbeatable location close to parks, schools, public transit, and downtown amenities. Commuting is easy with nearby Target Field Station and Olson & Penn Station, while Bryn Mawr Meado ... (Read more)

General Property Information

Common Wall: No
Lot Measurement: Acres
Manufactured Home?: No
Multiple PIDs?: No
New Development: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: Residential-Single Family
Bath Full: Yes
Main Floor Total SqFt: 876
Above Grd Total SqFt: 1126
Below Grd Total SqFt: 876
Total SqFt: 2002
Total Finished Sqft: 1312.00
FireplaceYN: No
Style: (SF) Single Family
Foundation Size: 876
Garage Stalls: 2
Lot Dimensions: 126 x 40 x 126 x 40
Acres: 0.12
Assessment Pending: No
Number of Fireplaces: 0
Bath Three Quarters: 0
Bath Half: 0
Bath Quarter: 0
Association Fee: 0

Property Features

Accessible: None Air Conditioning: None Assumable Loan: Not Assumable Basement: Egress Windows; Full Bath Description: Main Floor Full Bath Construction Status: Previously Owned Dining Room Description: Informal Dining Room Existing Financing: Conventional Exterior: Wood Fencing: Chain Link; Partial; Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: In Basement Lock Box Type: Combo Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Medium Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: One and One Half Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 225000
ListPrice: 225000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 242
Street Name: Penn
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: F W Malmstens Add

Assessments

Assessment Balance: 2024
Tax With Assessments: 5878

Building Information

Finished SqFt Above Ground: 1126
Finished SqFt Below Ground: 186

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 20 x 20
Garage Square Feet: 400

Public Survey Info

Range#: 24
Section#: 21
Township#: 29

Office/Member Info

Association: MAAR

Location, Tax and Other Information

AssocFeeYN: No
Legal Description: LOT 015 F W MALMSTENS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1215
Property ID Number: 2102924330121
Tax Year: 2025
Tax Amount: 3854
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Welcome home to this beautifully updated 4-bedroom gem in Minneapolis’ desirable Harrison neighborhood, just north of Bryn Mawr! Whether you’re a first-time buyer, growing household, or investor, this home offers the perfect blend of comfort, convenience, and value. Inside, you’ll find a completely updated bathroom, and the kitchen has new lower cabinets, countertops, hardware, and flooring. The hardwood floors on the main level were refinished in 2024, and the lower-level flooring was replaced in May 2026. This bright, functional layout is designed for everyday living. Major updates provide peace of mind, including a full exterior repaint completed in 2024 and a brand-new roof scheduled for completion on June 2, 2026. The spacious 2-car garage adds extra storage and convenience year-round. Enjoy an unbeatable location close to parks, schools, public transit, and downtown amenities. Commuting is easy with nearby Target Field Station and Olson & Penn Station, while Bryn Mawr Meadows Park offers green space just minutes away. Affordable and packed with potential—this is an opportunity you won’t want to miss!
Directions: From I94, Exit at Hwy 55. Go West on 55 to Penn Ave. Go South on Penn. Property is located on the East side of Penn.

Accessible

None: Yes

Air Conditioning

None: Yes

Assumable Loan

Not Assumable: Yes

Basement

Egress Windows: Yes
Full: Yes

Bath Description

Main Floor Full Bath: Yes

Construction Status

Previously Owned: Yes

Dining Room Description

Informal Dining Room: Yes

Existing Financing

Conventional: Yes

Exterior

Wood: Yes

Fencing

Chain Link: Yes
Partial: Yes
Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Insurance Fee

Insurance Fee: 0

Laundry

In Basement: Yes

Lock Box Type

Combo: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Tree Coverage - Medium: Yes

Patio, Porch and Deck Features

Front Porch: Yes
Rear Porch: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Stories

One and One Half: Yes

Water

City Water/Connected: Yes

Room Information

Room Name	Dimensions	Level
Dining Room	14 x 12	Main
First (1st) Bedroom	15 x 10	Upper
Flex Room	10 x 9	Main
Fourth (4th) Bedroom	12 x 9	Basement
Kitchen	10 x 11	Main
Living Room	13 x 11	Main
Second (2nd) Bedroom	11 x 10	Upper
Third (3rd) Bedroom	10 x 8	Basement