5300 Penn Ave S, Minneapolis, MN, 55419
About This Home
Exceptional Up/Down Duplex Near Lake Harriet & Minnehaha Creek. Discover a rare opportunity to own a charming and versatile duplex ideally located on the corner of 53rd Street and Penn Avenue, just one block from scenic Minnehaha Creek and only five blocks south of Lake Harriet. This property features two spacious units, each offering a thoughtfully designed layout that includes a bright living room, formal dining room, full kitchen, two bedrooms, one full bathroom, and a cozy fireplace. The main-level unit showcases beautiful hardwood floors throughout, while the upper unit is comfortably carpeted, providing an added layer of quiet and privacy for tenants. Each unit includes its own garage stall, adding convenience and value for occupants. The unfinished lower level presents outstanding expansion potential and includes an additional fireplace—bringing the total to three fireplaces throughout the home. Whether you're an investor seeking strong rental income, an owner-occupant looking to offset expenses, or exploring short-term rental opportunities such as Airbnb, this property offers exceptional flexibility. Current rents are below market, presenting immediate value-add potential.Enjoy an unbeatable lifestyle with easy access to nearby beaches, popular biking and walking trails, and neighborhood favorites like Broders’ Pasta Bar, Nico’s Tacos, and more — all just minutes away. A unique blend of location, character, and income potential—this is one you won’t want to miss.
Getting Around
Somewhat Walkable
Some Transit
BikeableSchools
Construction
Condition
- Year built: 1960
Materials
- Roof: Age Over 8 Years
Type & Style
- Home type: MultiFamily
- Property subType: Duplex Up and Down
Interior
Appliances
- Laundry features: In Basement,Common Area
Basement
- Has basement: Yes
- Basement: Block,Full
Bedrooms & Bathrooms
- Bedrooms: 4
- Bathrooms: 2
Features
- Finished area below ground: 0
- Finished area above ground: 2,380
Heating
- Heating features: Forced Air
Interior Area
- Total structure area: 3,556
- Total interior livable area: 2,380 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 1702824440116
- Zoning description: Residential-Multi-Family
- Foundation area: 1176
Features
- Levels: Two
- Pool features: None
- Fencing: None
Lot
- Lot size: 6,534 sqft
- Features: Corner Lot,Tree Coverage - Light
- Lot size dimensions: See Lister
Parking
- Total spaces: 2
- Parking features: Detached Garage,Asphalt
- Has garage: Yes
- Attached garage spaces: 2
- Covered spaces: 2
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Heat Wave
- Tornado
- Inland Flooding
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Hennepin County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,907 | $34,884 |
| Home Insurance * | $317 | $3,804 |
| Property Taxes | $830 | $9,960 |
| Electricity | $200 | $2,408 |
| Total | $4,254 | $51,048 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-08-06 | Price change | $549,900 |
| 2026-06-19 | Listed for sale | $574,900 |
| 2025-05-14 | Listing removed | $1,850 |
| 2025-05-03 | Listed for rent | $1,850 |
| 2021-02-23 | Listing removed | -- |
| 2020-07-26 | Listing removed | $1,695 |
| 2020-07-02 | Listed for rent | $1,695 |
| 2019-03-12 | Listing removed | $1,650 |
| 2019-03-03 | Listed for rent | $1,650 |
| 2018-06-18 | Listing removed | $1,650 |
| 2018-06-12 | Listed for rent | $1,650 |
| 2017-07-28 | Listing removed | $1,600 |
| 2017-07-18 | Listed for rent | $1,600 |
| 2011-12-14 | Sold | $275,000 |
| 2011-09-27 | Listed for sale | $299,900 |
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