3501 Penn Avenue NMinneapolis, MN 55412
$228,000
About this home
Fully occupied commercial investment opportunity in North Minneapolis. This property is in good condition with existing tenants already in place, offering an investor the opportunity to acquire an occupied income-producing asset. Put your money to work with a property where tenant income can help offset ownership costs while you build equity over time. Seller is also offering additional nearby properties, providing an opportunity to acquire multiple assets along the Penn Avenue corridor.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1922
- Heating
- Natural Gas, Forced Air
- Property taxes
- $8,117 a year
- Listed
- September 29, 2026
- MLS number
- 7153508
Listing courtesy of LPT Realty, LLC (Anthony Macon). MLS #7153508.
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How it compares
3501 Penn Avenue N, Minneapolis, MN 55412 is a single-family home built in 1922 in Cleveland, listed for $228,000 on September 29, 2026 by LPT Realty, LLC. That is in the lower quarter of the 672 single-family homes for sale in Minneapolis right now (median $350,000).
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- Cleveland, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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