3550 Penn Avenue N Minneapolis, MN ^$ 124,900

3550 Penn Avenue N

^$ 124,900

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3550 Penn Avenue N

Minneapolis, MN, 55412

^$ 124,900

Bedrooms6 Baths6.0

Monthly Estimate*

^$ 863

3550 Penn Avenue N, Minneapolis, MN 55412 - Image 1

3550 Penn Avenue N, Minneapolis, MN 55412 - Image 2

3550 Penn Avenue N, Minneapolis, MN 55412 - Image 3

3550 Penn Avenue N, Minneapolis, MN 55412 - Image 4

3550 Penn Avenue N, Minneapolis, MN 55412 - Image 5

3550 Penn Avenue N, Minneapolis, MN 55412 - Image 6

Commercial Property for sale in Minneapolis, MN

for $124,900 with 6 bedrooms and 6 full baths. This building was built in 1957 on a lot size of 0.160009.

Six-unit apartment building with strong investment potential for the right buyer. Property is currentlycondemned by the city and will require repairs and approvals prior to occupancy, but offers anopportunity to renovate, reposition, and add value. Sold as-is.

Commercial Active

Price

^$ 124,900

Bedrooms

Full Bath

Property Type

Commercial

Taxes

^$ 1,962

Style

Lot Size

0.160009

Year Built

1957

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7098748

Features

General

Sewer City Sewer/Connected

Heating Hot Water

Utilities Electric Common Heating Separate Hot Water Separate

Roof Age Over 8 Years

Appliances None

Garage Spaces 0

Year Built 1957

Tax Year 2026

Current Use Residential

Gross Income 0

Accessibility None

County Hennepin

Net Operating Income 0

Operating Expense 0

Insurance Expense 0

New Construction N

Property Type Commercial Sale

Contingency None

MaintenanceExpense 0

Subdivision Name Egberts 2nd Add

Directions Dowling (West of 94) to Penn Ave. South to Building

City Minneapolis

High School District Minneapolis

Zoning Description Residential-Multi-Family

Number Of Units Total 6

Lot Size Units Square Feet

Land Lease Y/N N

Tax Annual Amount 1962.62

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Active

Lender Owned No

Interior

Basement Full

Basement (Y/N) Y

Total Bedrooms 6

Total Baths 6

Fuel Natural Gas

Garage Square Feet 0

Exterior

Parking Features Parking Lot

Water Source City Water/Connected

Inclusions Building

Lot Size Area 6970

Lot Dimensions 54x126.8

Waterfront Y/N N

Foundation Area 1702

Road Frontage Type City Street

Internal Only

Street Number 1 3550

* Excluded Features

List By

Keller Williams Premier Realty

Broker

jamesfaillettaz@kw.com

Affordability Calculator

$1,026

Per Month

Monthly Principal & Interest: $863
Monthly Property Taxes: $164
Monthly Home Insurance: --

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Down Payment

Loan Term

Interest Rate

Yearly Property Taxes

Yearly 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

Trends
Schools

Commerical listings in Minneapolis, MN

Average List Price ^$1,095,414

Percent of Sale Price 777%

About Minneapolis, MN

417,625 Population

9% Since 2002

^$56,777 Median Income

35.08 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708364 Elementary School

708967 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/24/2026	$124,900		Listed Price

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3550 Penn Avenue N, Minneapolis, MN, 55412 is a Commercial Property for sale at $124,900 with a lot size of 0.160009. 3550 Penn Avenue N has 6 bedrooms, 6.0 baths, and was built in 1957. The property's zip code is 55412 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/15/2026.

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3550 Penn Avenue N

Commercial Property for sale in Minneapolis, MN

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