This exceptional multifamily gem in the heart of Kenwood offers historic Mpls charm blended with modern updates-a truly incredible income potential and a unique investment opportunity. Featuring a stunning Lake Superior rock garden by Bachmann, a hot tub in the private backyard oasis, heated garage, and near to multiple city lakes and parks. Unit One includes three bedrooms, a full bath, and a charming screened sun porch. Unit Two offers 3 bedrooms and a 3/4 bath (with in-floor heat), lovely front facing sunroom, peaceful balcony/deck overlooking the backyard. Unit Three offers a bright and sunny studio-style open floor layout with one bedroom, gorgeous 3/4 bath and sunny skylights. Each Unit features updated kitchens and bathrooms. Lower level provides even more great usable common space, fresh painted and attractive epoxy floors throughout-laundry room, three separate storage rooms one for each unit, a large open area that has been recently used as an exercise space. The private backyard is its own urban oasis, with dappled sunlight over stone pavers, garden, covered deck and relaxing hot tub. One car garage is oversized, fully finished and heated. Plenty of additional on site parking. Enjoy the perfect blend of historical elegance and modern updates in this highly desirable location. With Kenwood's top-tier amenities, schools, and access to Minneapolis's urban lakes and nature, this property offers both comfortable living and rental income potential in one of the city’s most sought-after neighborhoods.
Active with contingency
$1,199,000
2030 Penn Ave S, Minneapolis, MN 55405
7beds
3baths
5,155sqft
Est.:
Triplex
Built in 1911
-- sqft lot
$1,167,300 Zestimate®
$233/sqft
$-- HOA
What's special
Relaxing hot tubSunny skylightsCharming screened sun porchLovely front facing sunroomHeated garageCovered deckUpdated kitchens
- 64 days
- on Zillow |
- 986 |
- 34 |
Zillow last checked: 7 hours ago
Listing updated: July 25, 2025 at 02:41pm
Listed by:
Elizabeth McKevitt Perez 952-500-1500,
Keller Williams Realty Integrity Lakes
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6730762

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 7
- Bathrooms: 3
Heating
- Baseboard, Boiler, Ductless Mini-Split, Fireplace(s), Radiant Floor, Radiator(s)
Features
- Basement: Block,Full,Other,Partially Finished,Storage/Locker,Storage Space
Interior area
- Total structure area: 5,155
- Total interior livable area: 5,155 sqft
- Finished area above ground: 3,768
- Finished area below ground: 645
Video & virtual tour
Property
Parking
- Total spaces: 1
- Parking features: Detached, Concrete, Garage, Garage Door Opener, Heated Garage, Other
- Garage spaces: 1
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: More Than 2 Stories
- Patio & porch: Covered, Deck
- Spa features: Community
- Fencing: Full,Privacy,Wood
Lot
- Size: 5,227.2 Square Feet
- Dimensions: 50 x 103.5
- Features: Near Public Transit, Many Trees
Details
- Foundation area: 1480
- Parcel number: 3202924110164
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Fiber Cement, Shake Siding, Stucco
- Roof: Age Over 8 Years
Condition
- Age of Property: 114
- New construction: No
- Year built: 1911
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
HOA
- Amenities included: Laundry, Common Garden, Deck, Spa/Hot Tub, In-Ground Sprinkler System, Other
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $233/sqft
- Annual tax amount: $9,975
- Date on market: 6/1/2025
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