$1,295,000
2121 Penn Avenue S Minneapolis, MN 55405
For Sale MLS# 7022775
8 beds 4 baths 5,320 sq ft Multi-family
Details for 2121 Penn Avenue S
MLS# 7022775
Description for 2121 Penn Avenue S, Minneapolis, MN, 55405
Beautiful all-brick 4-plex just a half block from Lake of the Isles in the coveted Kenwood neighborhood. This classic building showcases timeless craftsmanship, with interior units featuring natural oak woodwork and hardwood floors. Three units include original built-in buffets and elegant room dividers with bookcases separating the living and dining rooms.A previous owner thoughtfully opened the sunroom and living room in Unit 1, creating an expansive, inviting space rarely found in buildings of this era. Over the years, all kitchens have been updated with a clean, modern style that complements the building’s historic character.Major mechanical updates provide peace of mind and strong rental appeal: tenants pay their own heat and electricity, supported by four newer boilers (2017), four individual hot water heaters, and separate updated electrical panels. The roof was replaced in 2020 with a durable Duro-Last system, and the sewer line was fully lined in 2025.Opportunities like this are rare—don’t miss one of the finest 4-plexes in the city, steps from the lake, parks, trails, and everything that makes Kenwood one of Minneapolis’ most desirable neighborhoods.
Listing Information
Property Type: Multi-family, Four Plex
Status: Active
Bedrooms: 8
Bathrooms: 4
Lot Size: 0.15 Acres
Square Feet: 5,320 sq ft
Year Built: 1915
Foundation: 2,523 sq ft
Stories: 2 Stories
Subdivision: Island Park Add
Number Of Units Total: 4
County: Hennepin
Days On Market: 63
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Additonal Room Information
Laundry: In Basement, Common Area
Interior Features
Square Footage above: 5,046 sq ft
Square Footage below: 274 sq ft
Basement: Full, Partial Finished, Storage/Locker, Unfinished, Daylight/Lookout Windows, Shared Access, Storage Space
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Hot Water, Natural Gas, Boiler
Exterior / Lot Features
Parking Description: On-Street Parking Only
Exterior: Brick/Stone
Roof: Age 8 Years or Less, Flat
Lot Dimensions: 130x50
Zoning: Residential-Single Family
Additional Exterior/Lot Features: Road Frontage - City, Curbs, Paved Streets, Sidewalks, Street Lights
Community Features
Association Amenities: Common Laundry Facility, Coin-op Laundry Owned
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1400
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 5
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1650
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 2 Rooms Total: 6
Unit 3 Units Total: 1
Unit 3 Actual Rent: 1625
Unit 3 Baths Total: 1
Unit 3 Beds Total: 2
Unit 3 Rooms Total: 7
Unit 4 Units Total: 1
Unit 4 Actual Rent: 1650
Unit 4 Baths Total: 1
Unit 4 Beds Total: 2
Unit 4 Rooms Total: 6
Driving Directions
West Lake of the Isles Parkway to Penn Ave, north to property.
Financial Considerations
Tenant Pays: Electric,Fuel,Gas,Heat
Owner Pays: Insurance,Maintenance/Repair,Sewer,Taxes,Trash,Water
Gross Income: 75900
Tax/Property ID: 3302924220048
Tax Amount: 14160
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Coldwell Banker Realty - Lakes
The data relating to real estate for sale on this web 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 Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 2121 Penn Avenue S
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 2121 Penn Avenue S
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The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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