Date
Details
Price
Change
Source
2/17/2026
Listed
$1,295,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$1,295,000 Just Listed
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Property Description
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.
Full Property Details
Full Property Details for 2121 Penn Ave S
General
- Price: $1,295,000
- Taxes: $14,160 (2025)
- Status: Active
- Type: Multi-Family
- Source: NorthStarMLS_RMLS
- MLS ID: 7022775
- Updated: 2/18/2026
- Added to Site: 3 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 4
Bedrooms
- Total Bedrooms: 8
Other Rooms
- Laundry: In Basement, Common Area, In Basement, Common Area
Additional Information
- Shared Amenities: Laundry, Coin-op Laundry Owned
Parking
- Parking Features: On-Street Parking Only
Location
- County: Hennepin
- Township: Minneapolis
- Subdivision: Island Park Add
- Neighborhood: 39
- Driving Directions: West Lake of the Isles Parkway to Penn Ave, north to property.
School Information
- School District: 558 - Minneapolis
- High School District: Minneapolis
Heating & Cooling
- Heating Type: Boiler, Hot Water
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
Structural Information
- Exterior Const.: Frame
- Basement: Yes
- Basement Desc.: Daylight/Lookout Windows, Full, Partially Finished, Shared Access, Storage/Locker, Storage Space, Unfinished
- Foundation Size: 2523
- Roof: Age 8 Years or Less, Flat
- Disability Access: None
- Square Feet: 5,320
- Above Ground: 5,046 Sq. Ft.
- Below Ground: 2,523 Sq. Ft.
- Year Built: 1915
Unit Information
- Units w/Refrigerators: 4
Lot Features
- Lot Size (Acres): 0.15
- Lot Dimensions: 130 x 50
- Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights
- Zoning: Residential-Single Family
Financial Considerations
- Tax Amount: $14,160
- Tax Year: 2025
- Terms: Conventional, Cash
- Owner Pays: Insurance, Repairs, Sewer, Taxes, Trash Collection, Water
- Tenant Pays: Electricity, Fuel, Gas, Heat
- Pays Electric: Tenant Pays
- Pays Gas: Tenant Pays
- Pays Heat: Tenant Pays
- Pays Trash: Owner Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: LOT 050 BLOCK 002 ISLAND PARK ADDN TO MPLS
- Property ID: 3302924220048
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.
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We Value Your Privacy
We Value Your Privacy
Meet the listing agents
Meet the listing agents
— 2121 Penn Ave S —
(612) 802-5592 mobile
(612) 928-7235 direct
(612) 998-7355 mobile
(612) 920-5605 direct
NMLS#: 1598647
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Schools
Schools serving 2121 Penn Ave S
School District:Minneapolis Public School District
| Name | Grades | Distance |
|---|---|---|
Kenwood Elementary School 2013 Penn Avenue South, Minneapolis, MN 55405 | K-5 | 0.1 mi |
Anwatin Middle Com & Spanish D I 256 Upton Avenue South, Minneapolis, MN 55405 | 6-8 | 1 mi |
North Academy Senior High 1500 James Avenue North, Minneapolis, MN 55411 | 9-12 | 2.3 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 2121 Penn Ave S
Tax History
Tax History for 2121 Penn Ave S
Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,160
-3%
$779,000
-15%
2023
$14,575
-3%
$913,000
-2%
2023
$14,986
—
$932,000
-5%
2023
$14,986
-8%
$981,000
8%
2020
$16,215
15%
$908,500
18%
2019
$14,135
2%
$770,000
3%
2018
$13,886
7%
$748,500
8%
2017
$12,986
7%
$693,000
10%
2016
$12,165
-1%
$630,000
3%
2015
$12,336
7%
$609,500
15%
2014
$11,537
-1%
$530,000
—
2013
$11,601
—
$530,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 2121 Penn Ave S
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- Multi-Family
- Active
- 2Units
- 8Total Beds
Listed by Edina Realty, Inc.
- Multi-Family
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- 8Total Beds
Listed by Keller Williams Premier Realty Lake Minnetonka
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- 3Beds
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- Updated 1 day ago
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- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 2Total Baths
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- Updated 13 hours ago
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Listed by Pemberton RE
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- 5Beds
- 3Total Baths
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Listed by Lakes Sotheby's International Realty
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- Single Family
- Closed
- 4Beds
- 3Total Baths
- 3,342Sq. Ft.
Listed by Lakes Area Realty
Sold by Michael Kaslow Team
Sold by Michael Kaslow Team
- Triplex
- Closed
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Listed by McKevitt Perez Real Estate Group
Sold by Homes Plus Realty
Sold by Homes Plus Realty
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- Closed
- 5Beds
- 4Total Baths
- 4,161Sq. Ft.
Listed by Compass
Sold by David Stickney
Sold by David Stickney
- Single Family
- Closed
- 5Beds
- 4Total Baths
- 3,499Sq. Ft.
Listed by Keller Williams Realty Integrity Lakes
Sold by Engel & Volkers Lake Minnetonka
Sold by Engel & Volkers Lake Minnetonka
2121 Penn Avenue S, Minneapolis, MN 55405 (MLS# 7022775) is a Multi-Family property with 4 units containing 8 bedrooms and 0 full bathrooms. 2121 Penn Avenue S is currently listed for $1,295,000 and was received on February 17, 2026. This property is listed by Chris Carrow from our Minneapolis Lakes Office.Want to learn more about 2121 Penn Avenue S? Do you have questions about finding other Multi-Family real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.