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$650,000 Coming Soon

  • For Sale
  • Coming Soon
  • Duplex
  • 6 Beds
  • 2 Total Baths
  • 2,146 Sq. Ft.
  • 2 Car Garage
  • Updated 4 days ago
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This turnkey duplex sits three blocks from Lake Harriet and close to Minnehaha Creek, near fabulous restaurants like Broders and great neighborhood shopping. Each unit has 3 bedrooms, with the third tucked down a back hallway, meaning it's private and out of sight, making it also ideal as a home office. Add separate washers and dryers, original woodwork and built-ins, and updates throughout. One unit rents for $2,380 with room to raise, and the owner's unit can go straight to market rate. Outside, enjoy a quiet brick patio plus a 2-car garage and two off-street spaces. Live in one unit and let the other help cover the mortgage, or add it to your investment portfolio in one of Minneapolis's best lake neighborhoods.

Full Property Details for 5053 Penn Ave S

General

  • Price: $650,000
  • Taxes: $9,467 (2026)
  • Status: Coming Soon
  • Type: Duplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7100786
  • Updated: 7/7/2026
  • Added to Site: 5 day(s) ago
  • Expected Market Date: 7/13/2026

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 6

Other Rooms

  • Laundry: In Basement, In Basement

Exterior

  • Porch/Patio/Deck: Patio, Rear Porch

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Thornton Park 2nd Div
  • Neighborhood: 49
  • Driving Directions: 50th to Penn S to Duplex

School Information

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

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Basement Desc.: Block
  • Foundation Size: 1073
  • Roof: Age 8 Years or Less
  • Disability Access: None
  • Square Feet: 2,146
  • Above Ground: 2,146 Sq. Ft.
  • Below Ground: 1,073 Sq. Ft.
  • Finished Down/Base.: 3,219 Sq. Ft.
  • Year Built: 1923

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 40 x 128
  • Frontage: City Street
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $5,100
  • Tax Amount: $9,467
  • Tax Year: 2026
  • Terms: Conventional, VA, FHA, Cash
  • Owner Pays: Sewer, Trash Collection, Water
  • Tenant Pays: Electricity, Gas
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 017 BLOCK 001 THORNTON PARK 2ND DIV
  • Property ID: 1602824320017

Listed by Keller Williams Realty Integrity

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Schools serving 5053 Penn Ave S

School District:Minneapolis Public School District
NameGradesDistance
Burroughs Elementary School
1601 West 50th Street, Minneapolis, MN 55419
K-50.4 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-81.4 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
9-121.3 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 5053 Penn Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/07/2026
Listed
$650,000
21.5%
MLS
10/29/2020
Sold
$535,000
—
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 5053 Penn Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,468
6%
$592,900
1%
2025
$8,958
7%
$585,000
-5%
2023
$8,365
11%
$616,000
10%
2023
$7,519
—
$559,000
14%
2023
$7,519
-14%
$491,500
—
2020
$8,693
-3%
$491,500
—
2019
$8,925
11%
$491,500
12%
2018
$8,052
8%
$439,000
10%
2017
$7,477
2%
$399,000
5%
2016
$7,338
-5%
$380,000
2%
2015
$7,752
9%
$371,000
15%
2014
$7,126
-1%
$322,500
—
2013
$7,168
—
$322,500
—
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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5053 Penn Avenue S, Minneapolis, MN 55419 (MLS# 7100786) is a Duplex property with 6 bedrooms and 0 full bathrooms. 5053 Penn Avenue S is currently listed for $650,000 and was received on July 07, 2026. Want to learn more about 5053 Penn Avenue S? Do you have questions about finding other Duplex real estate for sale in Lynnhurst? You can browse all Lynnhurst real estate or contact a Coldwell Banker agent to request more information.

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