822 Penn Avenue N, Minneapolis, MN 55411 - MLS# 7150103
$379,000
Welcome to 822 Penn Ave N, Minneapolis. A solid 1916 up/down duplex offering two large, separately metered units, with the upper unit already generating income. It features 9 bedrooms, 4 full baths, two living rooms, a dedicated office, in-unit laundry, and two decks, one screened for three-season use. The upper unit is a standout. It is currently tenant-occupied at $1,868/month but should rent for $2250 in the current market. The lower unit is currently vacant but previously received $2500/mo with 3 bedrooms, 1 bath, and a three-season porch. Tenants pay their own gas and electric, and two off-street parking spots add everyday convenience. Quick access to Highway 55 puts downtown, North Loop and Golden Valley within easy reach, with Theodore Wirth Park's trails nearby. Move into the lower unit and let the upper help cover the mortgage, or add a ready-to-go two-unit to your portfolio.
Interior Information
Size & Levels
Exterior & Parking
Lot & Utilities
Financial & Tax Information
Neighborhood at a Glance
In this neighborhood, homes were most commonly built in 1939 or earlier, about 53% of occupied homes are owner-occupied, and the average commute is 21 minutes.
Cost of Ownership
Median home value
$280,200
Lower than the Minneapolis median
The midpoint of estimated values for owner-occupied homes.
Median property taxes paid
$3,122/yr
Lower than the Minneapolis median
The midpoint of annual property taxes paid by homeowners.
Typical monthly owner costs (with mortgage)
$1,769/mo
Lower than the Minneapolis median
Median monthly housing costs for owners with a mortgage.
Typical monthly owner costs (no mortgage)
$700/mo
Lower than the Minneapolis median
Median monthly housing costs for owners without a mortgage.
Homes in the Area
Owner-occupied homes
53%
Higher than Minneapolis overall
The share of occupied homes lived in by their owners.
Median year built
1955
Similar to the Minneapolis median
The midpoint of years when homes in the area were built.
Home age by decade
The share of homes built during each period.
- 1939 or earlier47%
Types of homes
The share of housing units in each building type.
- Single-family detached59%
- 2-4 units29%
Getting Around
Average commute
21 min
Similar to the Minneapolis median
The average one-way travel time to work for commuters.
How people get to work
The share of workers using each listed way to get to work.
- Drive alone61%
- Work from home21%
Homes with broadband
97%
Higher than Minneapolis overall
The share of households with a broadband internet subscription.
