3706 Penn Avenue N, Minneapolis, MN 55412 (MLS# 7060902)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1925
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1337
Above Ground SqFt: 2699
Below Grd Total SqFt: 1404
Total SqFt: 4103
Foundation Size: 1404
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2699.00
Garage Stalls: 3
Lot Dimensions: 40 X 129.4
Acres: 0.12
Assessment Pending: No

Property Features

Accessible: None Amenities Shared: Patio Basement: Full Construction Status: Previously Owned Electric: 100 Amp Service Exterior: Stucco; Wood Foundation: Permanent Fuel: Natural Gas Heating: Forced Air Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light Owner Pays: Maintenance/Repair; Sewer; Trash Collection; Water Roof: Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; Special Funding; VA Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Fuel Unit 1 Amenities: Countertops-Solid Surface; Walk-In Closet; Ceiling Fan(s); Hardwood Floors; Kitchen Window; Main Floor Primary Bedroom; Natural Woodwork Unit 1 Appliances: Dishwasher; Disposal; Exhaust Fan/Hood; Range; Refrigerator Unit 1 Bath Description: Main Floor 3/4 Bath; Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Dining Room Description: Separate/Formal Dining Rm Unit 1 Family Room Characteristics: Main Level Unit 1 Special Search: Main Floor Bedroom; Renovated; 4 BR on One Level Unit 2 Amenities: Balcony Unit 2 Appliances: Dishwasher; Exhaust Fan/Hood; Range; Washer Unit 2 Bath Description: Upper Level 3/4 Bath; Upper Level Full Bath Unit 2 Cooling: Window Unit 2 Dining Room Description: Separate/Formal Dining Rm Unit 2 Special Search: Renovated; 4 BR on One Level Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 329900
ListPrice: 329900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3706
Street Name: Penn
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55412
Complex/Dev/Subdivision: Joseph Lowrys Add

Assessments

Tax With Assessments: 6157.38
Assessment Balance: 0
Assessment Installment: 0

Building Information

Finished SqFt Above Ground: 2699

More Information

Income and Expenses

Annual Gross Income: 15600
Annual Insurance Expense: 2900
Annual Maintenance Expense: 100
Annual Net Income: 10000
Annual Repair Expense: 100
Annual Trash Expense: 1300
Annual Water/Sewer Expense: 1200
Total Annual Expenses: 2700
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Misc Monthly Income: 0
Misc. Annual Income: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 18x30
Garage Square Feet: 540

Public Survey Info

Range#: 24
Section#: 04
Township#: 29

Unit 1

Furnished?: No
Leased?: No
Level: Main Level
Unit Number: Yes
3/4 Baths: Yes
Finished SqFt: 1304
Full Baths: Yes
Monthly Expense: 10
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 8

Unit 2

Furnished?: No
Lease Expiration Date: 2026-09-30
Leased?: Yes
Level: 2nd Level
Unit Number: 2
3/4 Baths: Yes
Annual Rent: 16900
Finished SqFt: 1404
Full Baths: Yes
Monthly Expense: 50
Monthly Rent: 1300
No. of Units Like This: Yes
Oth Parking Spaces: Yes
Total Baths: 2
Total Bedrooms: 4
Total Rooms: 9

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 017 BLOCK 004 JOSEPH LOWRYS ADDN TO MPLS INCL ADJ 7 FT OF PENN AVE N VACATED
Listing City: Minneapolis
Map Page: 92
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1900
Property ID Number: 0402924330120
Tax Year: 2026
Tax Amount: 6157.38
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Freshly updated up/down duplex featuring rare 3 bed/2 bath units on both levels. Each unit has been thoughtfully refreshed with fresh paint throughout, completely remodeled kitchens with quartz countertops and new shaker-style cabinets, all while preserving the charm of the original hardwood floors. Plenty of natural light fills these spacious units, and shared laundry plus personal storage in the basement add everyday convenience. The detached 3-car garage — a true rarity — makes off-street parking effortless. The classic stucco and brick exterior keeps the 1920s charm but with some nice modern updates.
Directions: From I-94, take the N Dowling Ave exit and head west. Take a left turn onto Penn avenue, home is on East side of street.

Accessible

None: Yes

Amenities Shared

Patio: Yes

Basement

Full: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes

Exterior

Stucco: Yes
Wood: Yes

Foundation

Permanent: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lot Description

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

Owner Pays

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

Roof

Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
Special Funding: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Electricity: Yes
Fuel: Yes

Unit 1 Amenities

Countertops-Solid Surface: Yes
Walk-In Closet: Yes
Ceiling Fan(s): Yes
Hardwood Floors: Yes
Kitchen Window: Yes
Main Floor Primary Bedroom: Yes
Natural Woodwork: Yes

Unit 1 Appliances

Dishwasher: Yes
Disposal: Yes
Exhaust Fan/Hood: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor 3/4 Bath: Yes
Main Floor Full Bath: Yes

Unit 1 Cooling

Window: Yes

Unit 1 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 1 Family Room Characteristics

Main Level: Yes

Unit 1 Special Search

Main Floor Bedroom: Yes
Renovated: Yes
4 BR on One Level: Yes

Unit 2 Amenities

Balcony: Yes

Unit 2 Appliances

Dishwasher: Yes
Exhaust Fan/Hood: Yes
Range: Yes
Washer: Yes

Unit 2 Bath Description

Upper Level 3/4 Bath: Yes
Upper Level Full Bath: Yes

Unit 2 Cooling

Window: Yes

Unit 2 Dining Room Description

Separate/Formal Dining Rm: Yes

Unit 2 Special Search

Renovated: Yes
4 BR on One Level: Yes