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Chad Pederson

chad@pedersonrealty.com +1(612) 325-8745

$574,900

Est. payment - /mo

4 Beds

2 Baths

2,380 SqFt

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex Up and Down

Listing Status Active

Purchase Type For Sale

Square Footage 2,380 sqft

Price per Sqft $241

Subdivision Rerats Creekside Add

MLS Listing ID 7091892

Bedrooms 4

Year Built 1960

Annual Tax Amount $10,519

Tax Year 2026

Contingent None

Lot Size 6,534 Sqft

Lot Dimensions See Lister

Property Sub-Type Duplex Up and Down

Property Description

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.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Block, Full

Interior

Heating Forced Air

Fireplace No

Laundry In Basement, Common Area

Exterior

Parking Features Detached Garage, Asphalt

Garage Spaces 2.0

Fence None

Pool None

Roof Type Age Over 8 Years

Building

Lot Description Corner Lot, Tree Coverage - Light

Story Two

Foundation 1176

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

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Listed by Robert Kessler • Coldwell Banker Realty - Lakes

Nearby School & Business

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Chad Pederson

+1(612) 325-8745

Broker | License ID: 20586306

Broker License ID: 20586306

Featured Communities in Minnesota

5300 Penn AVE S Minneapolis, MN 55419

Chad Pederson

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Nearby School & Business

Get More Information