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$315,000

  • For Sale
  • Active
  • Commercial
  • 5,227 Acres
  • Updated 8 days ago
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Fully occupied mixed-use investment opportunity in North Minneapolis. This property features both residential and commercial space and is in great condition, while still offering an opportunity for a future owner to remodel or update portions to fit their vision. With tenants already in place, this is an opportunity for an investor to step into an occupied income-producing property. Several neighboring properties are also available, creating an opportunity to build a larger investment portfolio along the Penn Avenue corridor.

Full Property Details for 3449 Penn Ave N

General

  • Price: $315,000
  • Taxes: (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7153582
  • Updated: 10/1/2026
  • Added to Site: 10 day(s) ago

Parking

  • Parking Features: Gravel, More Parking Offsite for Fee

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Fletcher & Fletchers Add
  • Neighborhood: 12
  • Driving Directions: Penn Ave N north of Lowry Ave N to home on west side of street.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate

Structural Information

  • Foundation Size: 750
  • Disability Access: None
  • Current Bldg. Use: Beauty/Barber Shop
  • Year Built: 1917

Lot Features

  • Lot Size (Acres): 5,227
  • Lot Dimensions: 43 x 127
  • Zoning: Business/Commercial

Financial Considerations

  • Tax Year: 2026

Disclosures and Reports

  • Legal Description: LOT 002 BLOCK 001 FLETCHER & FLETCHERS ADDN TO MPLS INCL ADJ 7FT OF PENN AVE N VAC
  • Inclusions: Building
  • Property ID: 802924110002

Listed by LPT Realty, LLC

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Listing agent

— 3449 Penn Ave N —

  • LPT Realty, LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3449 Penn Ave N

School District:Minneapolis Public School District
NameGradesDistance
Lucy Laney @ Cleveland Park Elementary School
3333 North Penn Avenue, Minneapolis, MN 55412
PK-50.2 mi
Olson Middle School, Minneapolis, MN
1607 51st Avenue North, Minneapolis, MN 55430
6-82 mi
Henry Senior High School
4320 North Newton Avenue, Minneapolis, MN 55412
9-121.1 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3449 Penn Ave N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/29/2026
Listed
$315,000
-35.05%
MLS
3/04/2022
Sold
$485,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3449 Penn Ave N

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,040
4%
$355,000
—
2024
$6,740
31%
$355,000
133%
2023
$5,159
18%
$152,400
19%
2023
$4,367
—
$128,500
15%
2023
$4,367
18%
$112,000
-44%
2020
$3,693
3%
$198,500
5%
2019
$3,595
-2%
$189,000
10%
2018
$3,680
-1%
$172,000
6%
2017
$3,704
-13%
$163,000
—
2016
$4,277
8%
$163,000
—
2015
$3,966
-9%
$163,000
—
2014
$4,373
9%
$163,000
4%
2013
$4,011
—
$157,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by LPT Realty, LLC

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3449 Penn Avenue N, Minneapolis, MN 55412 (MLS# 7153582) is a Commercial property. 3449 Penn Avenue N is currently listed for $315,000 and was received on September 29, 2026. Want to learn more about 3449 Penn Avenue N? Do you have questions about finding other Commercial real estate for sale in Cleveland? You can browse all Cleveland real estate or contact a Coldwell Banker agent to request more information.

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