2121 Penn Avenue S - Photo 1
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2121 Penn Avenue S
2121 Penn Avenue S
2121 Penn Avenue S
2121 Penn Avenue S
2121 Penn Avenue S

2121 Penn Avenue S, Minneapolis, MN 55405 - MLS# 7071394

MLS® #: 7071394|Days on Market: 163|Listed: May 11, 2026

$1,229,000

Bedrooms
8
Bathrooms
4
Square Feet
5,320
Acres
0.15
Year Built
1915
Property Type
Residential Income
Heating
Natural Gas, Hot Water
Days on Market
163
School District
1 - Minneapolis

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.

2121 Penn Avenue S, Minneapolis, MN 55405

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Interior Information

BasementDaylight/Lookout Windows, Full, Partially Finished, Shared Access, Storage/Locker, Storage Space, Unfinished
HeatingBoiler, Hot Water
FuelNatural Gas
LaundryIn Basement, Common Area
ElectricCircuit Breakers, Service - 60 Amp

Size & Levels

LevelsTwo
Total Finished Sq Ft7,569 sq ft
Above Grade Finished5,046 sq ft
Below Grade Finished274 sq ft
Main Level Finished2,523 sq ft

Exterior & Parking

ExteriorStone
ConstructionFrame
RoofAge 8 Years or Less, Flat
FoundationBrick/Mortar, Concrete Perimeter
ParkingOn-Street Parking Only

Lot & Utilities

Property SubtypeFourplex
Lot Size0.15 acres
Lot Dimensions130x50
ZoningResidential-Single Family
SubdivisionIsland Park Add
TownshipMinneapolis
CountyHennepin
SewerCity Sewer/Connected
WaterCity Water/Connected
Road FrontageCity Street, Curbs, Paved Streets, Sidewalks, Street Lights

Financial & Tax Information

Annual Taxes$14,160
Tax Year2025
Tax w/ Assessments$14,160
Assessment PendingNo
Parcel Number3302924220048
Financing OptionsConventional, Cash
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Schools

Broker Reciprocity logo
Listed by: Coldwell Banker Realty - Lakes
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.