4949 Penn Ave S Minneapolis, MN 55419
Lynnhurst NeighborhoodEstimated payment $4,173/month
Total Views
8,536
4
Beds
2
Baths
2,388
Sq Ft
$260
Price per Sq Ft
About This Home
Two Units. One Smart Move!
This charming and well-maintained up/down duplex sits on a highly coveted block near 50th & Penn—just 1.5 blocks south of Lake Harriet. Enjoy easy access to the beach, biking and walking trails, and beloved neighborhood spots like Broders’ Pasta Bar, Nico’s Tacos, and more—all less than a block away.
This is no ordinary duplex. Each unit offers 2 bedrooms, an office and 1 bathroom. A tuck-under garage is a lovely surprise—perfect for those chilly Minnesota winters. Roof was replaced in 2015, all windows have been updated, and numerous thoughtful upgrades have been made throughout.
Whether you're an investor or an aspiring owner-occupant, this rare gem offers exciting income potential. Dreaming of an Airbnb? Looking to live in one of the city's most desirable neighborhoods while offsetting your mortgage? Ask us about what nearby rentals are bringing in—you'll be pleasantly surprised by the numbers.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,339
Year Built
- Built in 1925
Parking
- 2 Car Garage
- Tuck Under Garage
Home Design
- Duplex
- Pitched Roof
Interior Spaces
- 2,388 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Basement
- Basement Fills Entire Space Under The House
- Natural lighting in basement
Additional Features
- Lot Dimensions are 40x127
- Hot Water Heating System
Community Details
- 2 Units
- Harriet Heights 2Nd Div Subdivision
Listing and Financial Details
- The owner pays for sewer, trash collection
- Assessor Parcel Number 1602824230067
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $9,339 | $585,000 | $314,000 | $271,000 |
| 2022 | $7,915 | $509,000 | $272,000 | $237,000 |
| 2021 | $6,829 | $466,000 | $223,000 | $243,000 |
| 2020 | $7,101 | $417,500 | $164,700 | $252,800 |
| 2019 | $7,291 | $401,500 | $148,600 | $252,900 |
| 2018 | $6,575 | $401,500 | $148,600 | $252,900 |
| 2017 | $6,108 | $326,000 | $135,100 | $190,900 |
| 2016 | $6,105 | $310,500 | $135,100 | $175,400 |
| 2015 | $6,398 | $310,500 | $135,100 | $175,400 |
| 2014 | -- | $274,500 | $123,200 | $151,300 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/08/2025 07/08/25 | Price Changed | $620,000 | -5.9% | $260 / Sq Ft |
| 05/08/2025 05/08/25 | For Sale | $659,000 | -- | $276 / Sq Ft |
Source: NorthstarMLS
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | $405,000 | -- | |
| Warranty Deed | $211,500 | -- |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $400,000 | New Conventional | |
| Closed | $292,490 | New Conventional |
Source: Public Records
Similar Homes in Minneapolis, MN
Source: NorthstarMLS
MLS Number: 6715705
APN: 16-028-24-23-0067
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