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$500,000 Contingent

  • For Sale
  • Contingent
  • Multi-Family
  • 2 Units
  • 4 Total Beds
  • 1 Car Garage
  • Updated 7 days ago
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This side-by-side duplex offers a fantastic opportunity for both owner-occupants and investors. Unit 1 (6041), which is vacant, features 3 bedrooms, 1.5 bathrooms, new kitchen cabinets and countertops, freshly painted walls, new carpet in the downstairs living room and bedroom and new LVP flooring upstairs. Unit 2 (6043) is occupied by long-term tenants, offering 2 bedrooms and 1.5 bathrooms, along with updated kitchen cabinets and countertops. There is room in the basement to add a 3rd bedroom. With one unit ready to move into or rent out and the other generating steady income, this duplex is a rare find in a great location!

Full Property Details for 6041 Penn Ave S

General

  • Price: $500,000
  • Taxes: $7,707 (2025)
  • Status: Contingent
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6790836
  • Updated: 1/11/2026
  • Added to Site: 122 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Parking

  • Garage: Yes
  • Garage Spaces: 1
  • Parking Features: Detached Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Neighborhood: 1
  • Driving Directions: Penn Ave 2 blks North of Hwy 62

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
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished, Full
  • Foundation Size: 1850
  • Roof: Asphalt
  • Disability Access: None
  • Square Feet: 2,517
  • Above Ground: 1,850 Sq. Ft.
  • Below Ground: 667 Sq. Ft.
  • Year Built: 1956

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Dimensions: 53 x 125
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks
  • Zoning: Residential-Multi-Family, Residential-Single Family
  • Lot Description: Public Transit (w/in 6 blks), Light Tree Coverage

Financial Considerations

  • Tax Amount: $7,707
  • Tax Year: 2025
  • Owner Pays: Taxes
  • Tenant Pays: Electricity, Fuel
  • Pays Electric: Tenant Pays

Disclosures and Reports

  • Legal Description: S 34 FT of TRACT E AND THAT PART OF TRACT D LYING N OF SO 52 FT THEREOF
  • Property ID: 2102824330152

Listed by Renters Warehouse

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— 6041 Penn Ave S —

  • Renters Warehouse

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NMLS#: 1598647

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NMLS#: 1598647

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

Schools serving 6041 Penn Ave S

School District:Minneapolis Public School District
NameGradesDistance
Armatage Elementary School
2501 West 56th Street, Minneapolis, MN 55410
K-50.6 mi
Anthony Middle School
5757 Irving Avenue South, Minneapolis, MN 55419
6-80.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 6041 Penn Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
11/04/2025
Price Reduced
$500,000
-2.91%
MLS
10/11/2025
Price Reduced
$515,000
-2.83%
MLS
9/18/2025
Listed
$530,000
19.1%
MLS
11/29/2021
Sold
$445,000
—
Public Record
Get Price Alerts and Save Property
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 6041 Penn Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,707
15%
$424,000
1%
2023
$6,705
14%
$420,000
15%
2023
$5,869
—
$365,000
13%
2023
$5,869
-2%
$322,000
3%
2020
$5,959
36%
$313,500
15%
2019
$4,369
12%
$273,410
14%
2018
$3,903
-2%
$240,165
—
2017
$4,001
-3%
$240,165
—
2016
$4,128
5%
$240,165
11%
2015
$3,945
-1%
$217,275
6%
2014
$4,001
1%
$205,285
-6%
2013
$3,944
—
$217,820
—
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 Renters Warehouse

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6041 Penn Avenue S, Minneapolis, MN 55419 (MLS# 6790836) is a Multi-Family property with 2 units containing 4 bedrooms and 0 full bathrooms. 6041 Penn Avenue S is currently listed for $500,000 and was received on September 18, 2025. Want to learn more about 6041 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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