5300 Penn Avenue S, Minneapolis, MN 55419

New Listing
$574,900
Property Type: Multi-Family Bedrooms: 4 Baths: 2 Square Footage: 3,556 Lot Size (sq. ft.): 6,534 Status: Coming Soon
Current Price: $574,900 List Date: 6/16/2026 Last Modified: 6/18/2026

Overview

Description

Exceptional Up/Down Duplex Near Lake Harriet & Minnehaha Creek. Discover a rare opportunity to own a charming and versatile duplex ideally located on the corner of 53rd Street and Penn Avenue, just one block from scenic Minnehaha Creek and only five blocks south of Lake Harriet. This property features two spacious units, each offering a thoughtfully designed layout that includes a bright living room, formal dining room, full kitchen, two bedrooms, one full bathroom, and a cozy fireplace. The main-level unit showcases beautiful hardwood floors throughout, while the upper unit is comfortably carpeted, providing an added layer of quiet and privacy for tenants. Each unit includes its own garage stall, adding convenience and value for occupants. The unfinished lower level presents outstanding expansion potential and includes an additional fireplace—bringing the total to three fireplaces throughout the home. Whether you're an investor seeking strong rental income, an owner-occupant looking ...

Listing Details MLS# 7091892

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1960
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1190
Above Ground SqFt
2380
Below Grd Total SqFt
1176
Total SqFt
3556
Foundation Size
1176
Style
(MF) Duplex Up and Down
Total Finished Sqft
2380.00
Garage Stalls
2
Lot Dimensions
See Lister
Acres
0.15
Assessment Pending
No

Property Features

Accessible: None Amenities Shared: None Basement: Concrete Block; Full Construction Status: Previously Owned Electric: Circuit Breakers Exterior: Brick/Stone; Stucco Fencing: None Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: Common Area; In Basement Lot Description: Corner Lot; Tree Coverage - Light Owner Pays: Exterior Maintenance; Grounds Care; Insurance; Lawn; Repairs; Roof Maintenance; Sewer; Trash Collection; Water Pool Description: None Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Electricity; Fuel; Gas; Heat Unit 1 Appliances: Stainless Steel Appliances; Dishwasher; Microwave; Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Central Unit 1 Dining Room Description: Separate/Formal Dining Rm Unit 1 Fireplace Char: Living Room; Wood Burning Unit 1 Special Search: Main Floor Bedroom; All Living Fac. on One Level Unit 2 Appliances: Stainless Steel Appliances; Dishwasher; Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: Central Unit 2 Dining Room Description: Separate/Formal Dining Rm Unit 2 Fireplace Char: Living Room; Wood Burning Unit 2 Special Search: All Living Fac. on One Level Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
574900
ListPrice
574900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
5300
Street Name
Penn
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55419
Complex/Dev/Subdivision
Rerats Creekside Add

Assessments

Tax With Assessments
10519
Assessment Balance
0

Building Information

Finished SqFt Above Ground
2380

More Information

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
17
Township#
28

Unit 1

Furnished?
No
Leased?
Yes
Level
Main Level
Unit Number
Yes
# of Fireplaces
Yes
Annual Rent
22000
Finished SqFt
1140
Full Baths
Yes
Monthly Rent
1850
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit 2

Furnished?
No
Leased?
Yes
Level
2nd Level
Unit Number
2
# of Fireplaces
Yes
Annual Rent
21600
Finished SqFt
1240
Full Baths
Yes
Monthly Rent
1800
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
6

Unit Details

Total Units
2

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
LOT 001 BLOCK 002 RERATS CREEKSIDE ADDN N 58 FT
Listing City
Minneapolis
Map Page
120
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
2317
Property ID Number
1702824440116
Tax Year
2026
Tax Amount
10519
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Exceptional Up/Down Duplex Near Lake Harriet & Minnehaha Creek. Discover a rare opportunity to own a charming and versatile duplex ideally located on the corner of 53rd Street and Penn Avenue, just one block from scenic Minnehaha Creek and only five blocks south of Lake Harriet. This property features two spacious units, each offering a thoughtfully designed layout that includes a bright living room, formal dining room, full kitchen, two bedrooms, one full bathroom, and a cozy fireplace. The main-level unit showcases beautiful hardwood floors throughout, while the upper unit is comfortably carpeted, providing an added layer of quiet and privacy for tenants. Each unit includes its own garage stall, adding convenience and value for occupants. The unfinished lower level presents outstanding expansion potential and includes an additional fireplace—bringing the total to three fireplaces throughout the home. Whether you're an investor seeking strong rental income, an owner-occupant looking to offset expenses, or exploring short-term rental opportunities such as Airbnb, this property offers exceptional flexibility. Current rents are below market, presenting immediate value-add potential.Enjoy an unbeatable lifestyle with easy access to nearby beaches, popular biking and walking trails, and neighborhood favorites like Broders’ Pasta Bar, Nico’s Tacos, and more — all just minutes away. A unique blend of location, character, and income potential—this is one you won’t want to miss.
Directions
Penn Ave to 53rd St to property on west side of street.

Accessible

None
Yes

Amenities Shared

None
Yes

Basement

Concrete Block
Yes
Full
Yes

Construction Status

Previously Owned
Yes

Electric

Circuit Breakers
Yes

Exterior

Brick/Stone
Yes
Stucco
Yes

Fencing

None
Yes

Foundation

Concrete Block
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Laundry

Common Area
Yes
In Basement
Yes

Lot Description

Corner Lot
Yes
Tree Coverage - Light
Yes

Owner Pays

Exterior Maintenance
Yes
Grounds Care
Yes
Insurance
Yes
Lawn
Yes
Repairs
Yes
Roof Maintenance
Yes
Sewer
Yes
Trash Collection
Yes
Water
Yes

Pool Description

None
Yes

Rental License Type

Standard
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age Over 8 Years
Yes

Sewer

City Sewer/Connected
Yes

Stories

Two
Yes

Water

City Water/Connected
Yes

Income and Expenses

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

No. of Ranges

Two
Yes

No. of Refrigerators

Two
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Fuel
Yes
Gas
Yes
Heat
Yes

Unit 1 Appliances

Stainless Steel Appliances
Yes
Dishwasher
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes

Unit 1 Bath Description

Main Floor Full Bath
Yes

Unit 1 Cooling

Central
Yes

Unit 1 Dining Room Description

Separate/Formal Dining Rm
Yes

Unit 1 Fireplace Char

Living Room
Yes
Wood Burning
Yes

Unit 1 Special Search

Main Floor Bedroom
Yes
All Living Fac. on One Level
Yes

Unit 2 Appliances

Stainless Steel Appliances
Yes
Dishwasher
Yes
Range
Yes
Refrigerator
Yes

Unit 2 Bath Description

Upper Level Full Bath
Yes

Unit 2 Cooling

Central
Yes

Unit 2 Dining Room Description

Separate/Formal Dining Rm
Yes

Unit 2 Fireplace Char

Living Room
Yes
Wood Burning
Yes

Unit 2 Special Search

All Living Fac. on One Level
Yes
IDX
Listing Office: Coldwell Banker Realty - Lakes
Last Updated: June - 18 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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