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$574,900 Just Listed

  • For Sale
  • Active
  • Duplex
  • 4 Beds
  • 2 Total Baths
  • 2,380 Sq. Ft.
  • 2 Car Garage
  • Updated 4 days ago
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Exceptional Up/Down Duplex Near Lake Harriet & Minnehaha Creek. Discover a rare opportunity to own a charming and versatile duplex ideally located on the corner of 53rd Street and Penn Avenue, just one block from scenic Minnehaha Creek and only five blocks south of Lake Harriet. This property features two spacious units, each offering a thoughtfully designed layout that includes a bright living room, formal dining room, full kitchen, two bedrooms, one full bathroom, and a cozy fireplace. The main-level unit showcases beautiful hardwood floors throughout, while the upper unit is comfortably carpeted, providing an added layer of quiet and privacy for tenants. Each unit includes its own garage stall, adding convenience and value for occupants. The unfinished lower level presents outstanding expansion potential and includes an additional fireplace-bringing the total to three fireplaces throughout the home. Whether you're an investor seeking strong rental income, an owner-occupant looking to offset expenses, or exploring short-term rental opportunities such as Airbnb, this property offers exceptional flexibility. Current rents are below market, presenting immediate value-add potential.Enjoy an unbeatable lifestyle with easy access to nearby beaches, popular biking and walking trails, and neighborhood favorites like Broders' Pasta Bar, Nico's Tacos, and more - all just minutes away. A unique blend of location, character, and income potential-this is one you won't want to miss.

Full Property Details for 5300 Penn Ave S

General

  • Price: $574,900
  • Taxes: $10,519 (2026)
  • Status: Active
  • Type: Duplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7091892
  • Updated: 6/19/2026
  • Added to Site: 4 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Other Rooms

  • Laundry: In Basement, Common Area, In Basement, Common Area

Additional Information

  • Shared Amenities: None

Parking

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

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Rerats Creekside Add
  • Neighborhood: 28
  • Driving Directions: Penn Ave to 53rd St to property 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)

Structural Information

  • Basement: Yes
  • Basement Desc.: Block, Full
  • Foundation Size: 1176
  • Roof: Age Over 8 Years
  • Disability Access: None
  • Square Feet: 2,380
  • Above Ground: 2,380 Sq. Ft.
  • Below Ground: 1,176 Sq. Ft.
  • Finished Down/Base.: 3,556 Sq. Ft.
  • Year Built: 1960

Unit Information

  • Units w/Refrigerators: 2

Lot Features

  • Lot Size (Acres): 0.15
  • Lot Dimensions: See Lister
  • Frontage: City Street
  • Zoning: Residential-Multi-Family
  • Lot Description: Corner Lot, Light Tree Coverage

Financial Considerations

  • Tax Amount: $10,519
  • Tax Year: 2026
  • Owner Pays: Exterior Maintenance, Grounds Care, Insurance, Repairs, Roof Maintenance, Sewer, Trash Collection, Water
  • Tenant Pays: Cable TV, Electricity, Fuel, Gas, Heat
  • Pays Cable: Tenant Pays
  • 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 001 BLOCK 002 RERATS CREEKSIDE ADDN N 58 FT
  • Property ID: 1702824440116
Buyer's Brokerage Compensation: 2.7%
Not binding unless confirmed by separate agreement among applicable parties.

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— 5300 Penn Ave S —

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Schools serving 5300 Penn Ave S

School District:Minneapolis Public School District
NameGradesDistance
Armatage Elementary School
2501 West 56th Street, Minneapolis, MN 55410
K-50.5 mi
Anthony Middle School
5757 Irving Avenue South, Minneapolis, MN 55419
6-80.8 mi
Southwest High School - SWS
3414 West 47th St, Minneapolis, MN 55408
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 5300 Penn Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/19/2026
Listed
$574,900
109.05%
MLS
12/14/2011
Sold
$275,000
—
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 5300 Penn Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,306
8%
$494,000
-5%
2023
$8,636
-1%
$520,000
—
2023
$8,704
—
$520,000
—
2023
$8,704
—
$519,500
7%
2020
$8,694
5%
$485,500
8%
2019
$8,271
11%
$449,500
12%
2018
$7,476
8%
$401,500
10%
2017
$6,954
2%
$365,000
5%
2016
$6,827
-5%
$347,500
—
2015
$7,152
6%
$347,500
12%
2014
$6,738
3%
$309,500
4%
2013
$6,512
—
$297,500
—
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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5300 Penn Avenue S, Minneapolis, MN 55419 (MLS# 7091892) is a Duplex property with 4 bedrooms and 0 full bathrooms. 5300 Penn Avenue S is currently listed for $574,900 and was received on June 19, 2026. This property is listed by Bob Kessler from our Minneapolis Lakes Office.Want to learn more about 5300 Penn Avenue S? Do you have questions about finding other Duplex real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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