MLS# 7000803 - 3245 Penn Avenue N Minneapolis, MN 55412

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First Select is the brokerage office representing the seller for this listing.

The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Brad Wadsten is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Brad Wadsten, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

{"Id":505129,"ORGTABLE":"RAW_Property","MLSCLASS":"RES","MLSNUMBER":"NST7000803","MLSAGENTID":"NST502036876","MLSOFFICEID":"NST40975","ADDRESS":"3245 Penn Avenue N","ACRES":0.16,"AGENTOWNER":false,"AUCTIONYN":false,"BASEMENT":"Full,Unfinished","BATHSTOTAL":4.0,"BEDROOMS":7,"CITY":"Minneapolis","CONTINGENCY":"None","COUNTY":"Hennepin","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"EXTERIOR":"Frame","FORECLOSURE":"No","LASTPRICE":325000.0,"LASTPRICEDATE":"2025-12-17T04:48:05.347","LATITUDE":45.014612,"LENDEROWNED":"No","LISTDATE":"2025-12-16T06:00:00","LISTPRICE":325000.0,"LIVINGAREA":3456.0,"LONGITUDE":-93.30862,"LOTDESCRIPTION":"Tree Coverage - Light","MODIFICATIONTIMESTAMP":"2025-12-17T16:49:05.501","NEIGHBORHOOD":"12","OFFICE_OFFICENAME":"First Select","PHOTOCOUNT":17,"POSTALCODE":"55412","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"Excellent value-add opportunity in North Minneapolis. This classic 1925 fourplex offers strong upside for an investor or contractor looking to restore a solid multifamily asset and bring it back into cash-flowing condition. The building is currently vacant and being sold as-is.\n\nThe property experienced a fire in one unit and the front entry, and remediation work has already begun. Based on available information, the majority of the remaining work appears to be smoke and cosmetic restoration, rather than structural in nature. Copper plumbing has been removed, so water is currently off, creating a clear but straightforward scope of work for the next owner.\n\nPreviously, the building produced solid income and featured separate furnaces and water heaters, helping keep operating expenses low. The property includes a 4-stall detached garage off the alley, offering additional income potential or tenant appeal. Prior updates included newer windows and updated bathrooms, with some units previously renovated. \n\nWith the right improvements, this property has the potential to be a strong cash-flowing asset once again. Ideal for investors seeking a manageable rehab with clear upside. Buyer to verify all information. Cash or rehab financing recommended.","ROADBETWEENWATERFRONTANDHOMEYN":false,"ROOF":"Age Over 8 Years,Flat","SCHOOLDISTRICTNUMBER":"558-Minneapolis","SCHOOLDISTRICTPHONE":"6126680000","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2025-12-17T04:48:05.347","LASTSTATUS":"Active","STREETDIRSUFFIX":"N","STREETNAME":"Penn","STREETNUMBER":"3245","STREETSUFFIX":"Avenue","STYLE":"Quadruplex","TRANSACTIONTYPE":"For","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1925,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2025-12-17T14:43:06.528","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"20251205_122844.jpg\"},{\"Order\":2,\"Remarks\":\"20251205_122918.jpg\"},{\"Order\":3,\"Remarks\":\"20251205_123601.jpg\"},{\"Order\":4,\"Remarks\":\"20251205_123607.jpg\"},{\"Order\":5,\"Remarks\":\"20251205_123616.jpg\"},{\"Order\":6,\"Remarks\":\"20251205_123706.jpg\"},{\"Order\":7,\"Remarks\":\"20251205_123711.jpg\"},{\"Order\":8,\"Remarks\":\"20251205_123725.jpg\"},{\"Order\":9,\"Remarks\":\"20251205_123730.jpg\"},{\"Order\":10,\"Remarks\":\"20251205_123739.jpg\"},{\"Order\":11,\"Remarks\":\"20251205_123855.jpg\"},{\"Order\":12,\"Remarks\":\"20251205_123913.jpg\"},{\"Order\":13,\"Remarks\":\"20251205_123923.jpg\"},{\"Order\":14,\"Remarks\":\"20251205_124001.jpg\"},{\"Order\":15,\"Remarks\":\"20251205_124011.jpg\"},{\"Order\":16,\"Remarks\":\"20251205_124151.jpg\"},{\"Order\":17,\"Remarks\":\"20251205_124207.jpg\"}]","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17","SOURCE":"MG_NST"}

Any Family Styles
(CC) Converted Mansion
(CC) High Rise (4+ Levels)
(CC) Low Rise (3- Levels)
(CC) Manor/Village
(CC) Two Unit
(CMU) Commercial/Mixed Use
(LL) Lots & Land
(MF) Apartments
(MF) Duplex Other
(MF) Duplex Side X Side
(MF) Duplex Up and Down
(MF) Four Plex
(MF) High Rise (4+ Levels)
(MF) Low Rise (3- Levels)
(MF) Manor/Village
(MF) Other
(MF) Quad/4 Corners
(MF) Triplex
(RT) Apartment
(RT) Duplex Side x Side
(RT) Duplex Up and Down
(RT) Fourplex
(RT) Triplex
(SF) Other
(SF) Single Family
(TH) Detached
(TH) Quad/4 Corners
(TH) Side x Side
(TW) Twin Home
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