3440 Penn Ave N Minneapolis, MN 55412

Live in the newly remodeled side (3440) and rent the other. This is a great opportunity for either an owner/occupant or a pure investor. The big stuff is done; high-efficiency furnaces in both units in 2016, new 100 amp electrical panels in both units 2022, water heater in 3440 in 2022. 3440 has remodeled kitchen, newly refinished hardwood in the living room & main level bedrooms, new carpet in the lower level. Both units have big non-conforming 3rd bedrooms in the lower level with large egress windows. Most of the exterior window trim was replaced with low-maintenance PVC in April 2025. Very stable, long-term tenant has been in 3442 since 2009. Her current lease runs through 12/31/25. Taxes are extremely low as both units are currently enrolled in the city's 4d affordable housing incentive program. Details available on City of Minneapolis website. The listing agent is the owner of the property and is a Realtor licensed in the State of Minnesota.