2121 Penn Avenue S Minneapolis, MN $ 1,229,000
2121 Penn Avenue S
$ 1,229,000
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2121 Penn Avenue S

Minneapolis, MN, 55405
$ 1,229,000
Bedrooms8 Baths4.0 Sq 5,320

Monthly Estimate*

$ 8,488

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Multi-Family Home for sale in Minneapolis, MN

for $1,229,000 with 8 bedrooms and 4 full baths. This 5,320 square foot home was built in 1915 on a lot size of 0.15.

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.

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Multi-Family Active

Price

$ 1,229,000

Bedrooms

8

Full Bath

4

Property Type

Multi-Family

Taxes

$ 14,160

Style

Fourplex

Lot Size

0.15

Year Built

1915

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7071394

Features
General
Living Area 5320
Sewer City Sewer/Connected
Heating Boiler Hot Water
Roof Age 8 Years or Less Flat
Garage Spaces 0
Pool Features None
Construction Materials Frame
Year Built 1915
Electric Circuit Breakers Service - 60 Amp
Tenant Pays Electricity Fuel Gas Heat
Levels Two
Property Subtype Fourplex
Tax Year 2025
Gross Income 75900
Accessibility None
County Hennepin
Net Operating Income 0
Operating Expense 0
Insurance Expense 5152
New Construction N
Property Type Residential Income
Association Amenities Laundry Coin-op Laundry Owned
Contingency None
MaintenanceExpense 0
Subdivision Name Island Park Add
Directions West Lake of the Isles Parkway to Penn Ave north to property.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Single Family
Number Of Units Total 4
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 14160
Electric Expense 713
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 4508
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Daylight/Lookout Windows Full Partially Finished Shared Access Storage/Locker Storage Space Unfinished
Basement (Y/N) Y
Above Grade Finished Area 5046
Laundry Features In Basement Common Area
Total Bedrooms 8
Below Grade Finished Area 274
Total Baths 4
Fuel Natural Gas
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Exterior
Parking Features On-Street Parking Only
Water Source City Water/Connected
Lot Size Area 0.15
Building Area Total 7569
Lot Dimensions 130x50
Waterfront Y/N N
Foundation Area 2523
Road Frontage Type City Street Curbs Paved Streets Sidewalks Street Lights
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 2121
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* Excluded Features
List By
Coldwell Banker Realty - Lakes

Broker

cjcarrow@cbburnet.com

Email

Affordability Calculator

$9,668
Per Month
88%
12%
0%
Monthly Principal & Interest
$8,488
Monthly Property Taxes
$1,180
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/11/2026$1,229,000 Listed Price

Map


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2121 Penn Avenue S, Minneapolis, MN, 55405 is a Multi-Family Home for sale at $1,229,000 with 5,320 sqft and a lot size of 0.15. 2121 Penn Avenue S has 8 bedrooms, 4.0 baths, and was built in 1915. The property's zip code is 55405 which is in Minneapolis, MN