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$699,900 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 2 Units
  • 4 Total Beds
  • 2 Car Garage
  • Updated 3 days ago
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Cash Only Buyer Rare opportunity to own a spacious side-by-side duplex offering exceptional versatility and value. Each unit features 4 bedrooms, 2 full bathrooms, and a finished basement, providing generous living space ideal for both owner-occupants and investors alike. The thoughtful layouts offer comfortable room sizes, functional living areas, and additional lower-level space perfect for recreation, guests, or work-from-home setups. Whether you're looking to build your rental portfolio or offset your mortgage with rental income, this property presents a compelling option. The property enjoys easy access to shopping, dining, major routes, and everyday amenities. Beautiful Lynnhurst Park within walking distance adds to the appeal, offering open green space and a pleasant setting right outside your door.

Full Property Details for 5543/5545 Penn Ave S

General

  • Price: $699,900
  • Taxes: $8,761 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7022373
  • Updated: 2/18/2026
  • Added to Site: 4 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 2

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Shared Amenities: None

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached Garage, On-Street Parking Only, Paved Lot, Storage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Pennhurst 2nd Add
  • Neighborhood: 1
  • Driving Directions: 62 West to Right on Penn Ave, right on Penn Ave S, home on the Right.

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

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

Utilities

  • Sewer: City Sewer Connected, City Sewer in Street
  • Water: City Water (Connected), City Water (In-Street)

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Daylight/Lookout Windows, Finished, Full
  • Foundation Size: 1534
  • Disability Access: Grab Bars In Bathroom, Wheelchair Ramp(s)
  • Square Feet: 3,042
  • Above Ground: 1,508 Sq. Ft.
  • Below Ground: 1,534 Sq. Ft.
  • Year Built: 1954

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Dimensions: 126 x 73

Financial Considerations

  • Tax Amount: $8,761
  • Tax Year: 2025
  • Terms: Cash
  • Owner Pays: None
  • Tenant Pays: All Utilities

Disclosures and Reports

  • Legal Description: BLOCK 008 PENNHURST 2ND ADDN LOT 10 AND S 1/2 OF LOT 11
  • Property ID: 2102824220178

Listed by RE/MAX Results

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— 5543/5545 Penn Ave S —

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Price & Sales History for 5543/5545 Penn Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/18/2026
Listed
$699,900
-1.42%
MLS
10/11/2023
Sold
$710,000
—
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 5543/5545 Penn Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,610
-2%
$482,000
-10%
2023
$11,846
30%
$536,000
15%
2023
$9,078
—
$465,000
15%
2023
$9,078
32%
$404,000
12%
2020
$6,883
13%
$359,500
10%
2019
$6,112
10%
$327,000
12%
2018
$5,533
-2%
$292,000
—
2017
$5,653
3%
$292,000
6%
2016
$5,507
-1%
$275,500
4%
2015
$5,544
7%
$264,500
15%
2014
$5,201
8%
$230,000
5%
2013
$4,794
—
$219,000
—
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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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5543/5545 Penn Avenue S, Minneapolis, MN 55419 (MLS# 7022373) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 5543/5545 Penn Avenue S is currently listed for $699,900 and was received on February 18, 2026. Want to learn more about 5543/5545 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.

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