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Sold for $499,800
Sold for $499,800
5524 Penn Ave S Minneapolis, MN 55419
$499,800
CLOSEDBeds
5
Baths
2
Sqft
3,450
Acres
0.15
Year
1948
Close Date
Jun 16, 2022
Property Type
Residential Income
Sub Type
Duplex Side by Side
Per Square Foot
$145
Date Listed
Apr 25, 2022
Description of 5524 Penn Ave S, Minneapolis, MN 55419
Listing details for 5524 Penn Ave S, Minneapolis, MN 55419 : Well maintained duplex in the heart of Armatage steps from Armatage Park and 54&Penn. Currently leased until 7/30/22 and 8/30/22, this duplex hasn't had a month of vacancy since 2017. Beautiful hardwood floors in both main level living rooms and bedrooms! AC units, furnaces, and water heaters replaced 2015-2017. Both units have egress windows already installed, permitted, and passed by city. Both basements are ready for finishing!
Perfect real estate investment in a beautiful neighborhood currently with a lot of residential remodels and rehabs!
Location... location... location!
1 Block to City Bus Line
1 Block to Metro Transit bus stop
1 Block to Armatage Park
2 Armatage Montessori K-5 (top rated public school)
2 Blocks to Minnehaha Creek
4 Blocks to 50th Penn Shops/Dinning
6 Blocks to Lake Harriet
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Listing Updated : 08-24-2026 at 10:49 PM CDT
Property Details
Property Overview
Listing Price
$499,000
MLS #ID
6184617
Close Price
$499,800
Close Date
Jun 16, 2022
Bedrooms
5
Bathrooms
2
Square Footage
3,450
Acres
0.15
Year
1948
Days on Site
69 Days
Property Type
Residential Income
Property Sub Type
Duplex Side by Side
Price per Sq Ft
$145
Date Listed
Apr 25, 2022
Location
Street Address
5524 Penn Ave S
City
State
Minnesota
ZIP Code
County
Neighborhood / Subdivision
Driving Directions
Penn to 54th Ave S to 5524/5526
Schools
School District
Home Specification
Bedrooms
5
Bathrooms
2 Full
Total Square Feet
3,450
Above Grade Square Feet
3,200
Construction / Architecture
Year Built
1948
Construction Materials
Block, Concrete and Frame
Foundation
Block
Roof
Asphalt
New Construction
No
Price per Sq Ft
$145
Lot Size (Acres)
0.15
Lot Dimensions
50x126
Interior Details
Fireplace
No
Heating
Forced Air
Cooling
None
Exterior Details
Garage
No
Garage Spaces
2
Parking Features
Detached Garage and Open
Exterior Features
Vinyl
Fencing
None
Water Source
City Water/Connected
Sewer
City Sewer/Connected
Taxes, HOA & Financing
Annual Property Tax
$6,461.00
HOA Fee Includes
None
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Properties displayed may be listed or sold by various participants in the MLS
Source
NorthstarMLS as distributed by MLS GRID, MLS#: 6184617
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $494K – $721K
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $494K – $721K
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
Property History
DateEventPrice
6/16/2022
Sold
$499,800
$145/sqft
Source:NorthstarMLS #NST6184617
NorthstarMLS #NST6184617 4/25/2022
Listed for sale
—
Source:NorthstarMLS #NST6184617
NorthstarMLS #NST6184617 8/12/2016
Sold
$273,250
$79/sqft
Source:NorthstarMLS #NST4706600
NorthstarMLS #NST4706600 4/25/2016
Listed for sale
—
Source:NorthstarMLS #NST4706600
NorthstarMLS #NST4706600 8/15/2012
Sold
$174,900
$51/sqft
Source:NorthstarMLS #NST4166700
NorthstarMLS #NST4166700 6/26/2012
Listed for sale
—
Source:NorthstarMLS #NST4166700
NorthstarMLS #NST4166700Location of 5524 Penn Ave S, Minneapolis, MN 55419
Streetview of 5524 Penn Ave S, Minneapolis, MN 55419
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Schools Near 5524 Penn Ave S, Minneapolis, MN 55419
What's this home worth?
National portals guess with an algorithm. We price it from actual closed sales on your street.
Your home value estimate $494K – $721K
Exact number$2,845,000
Want an exact number? Use an Agent, not an algorithm.
Is this your home?
Claim it to unlock a private owner dashboard, track your equity, and get a free monthly value report.
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Based on information submitted to the MLS GRID as of 2026-08-25. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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