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Folwell Multifamily Home for Sale

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    $550,000

    • 5 Beds
    • 5 Baths
    • 4,024 Sq Ft

    3322 Penn Ave N, Minneapolis, MN 55412

    Previous buyer's financing fell through. Their loss, your gain! Beautifully remodeled 5 bedroom/5 bathroom 4-plex available! Each unit has been masterfully re-designed from top to bottom! All new paint, flooring, cabinetry, appliances and quartz countertops in each unit. 4 units on the main and upper level. 5th unit can be owner occupied or possibly rezoned by city to rent out all 5 units!

    Taylor Foster JPW Realty

    3322 Penn Ave N, Minneapolis, MN 55412

Why Live in Folwell

Folwell, located in the Northside of Minneapolis within the Camden community, is known for its charming cottages and bungalows, as well as Folwell Park, the largest park in North Minneapolis. This neighborhood features a variety of single-family homes, many with small yards and garages, and some situated on inclines with built-in staircases for accessibility. The active homeowners association frequently organizes community events, fostering a strong sense of neighborhood camaraderie. Local businesses, such as The Lowry Cafe, provide convenient dining options, while downtown Minneapolis, just 5 miles south via Interstate 94, offers additional amenities including award-winning restaurants and historic theaters. Folwell's housing market is noted for its affordability, with homes typically priced between $100,000 and $400,000, making it an attractive option for those seeking quality pre-World War II homes. The neighborhood's crime rate is comparable to the national average, providing a balanced living environment. While the local schools, including Lucy Craft Laney Elementary, Olson Middle School, and Henry High School, have mixed ratings, they emphasize community and inclusion, offering various educational programs.

Home Trends in Folwell, MN

Housing Trends

Median Sale Price
$213,200
Median Single Family Sale Price
$224,950
Median Townhouse Sale Price
$83,000
Average Price Per Sq Ft
$163
Number of Homes for Sale
14
Last 12 months Home Sales
94
Months of Supply
1.80
Median List Price
$214,650
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
18%
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