Quadplex with Detached
New
For Sale
$300,000
3245 Penn Ave N, Minneapolis, MN 55412
Vacant four-unit property with a detached garage and existing restoration scope.
Property Size3,456 SF
Price / SF$86.81
Days on Market2
Property Features for 3245 Penn Ave N
General Information
Standard status
Active
Size
3,456 SF
Total Parking Spaces
4
Property subtype
Multi-Family
Property Condition
Severity
Repairs Needed
Evidence
majority of the remaining work appears to be smoke and cosmetic restoration rather than structural
Additional Details
Multifamily Units
4
Building Details
Year Built
1925
Buildings
1
Listing Agency:
Peritus Real Estate
Listed By:
John A Stiles · License #40207306
(612) 236-9296
Source:
Thehomeadvantagegroup
Added: Sep 4
Last Checked: Sep 5 at 11:19AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Peritus Real Estate
Investment Insights
Based on property information with market context.
Built in 1925, this four-unit residential income property is being offered in its current condition and is vacant. A fire affected one apartment and the front entrance, while remediation work has started. Copper plumbing has been removed, and the water service is currently off. The property is listed on the City of Minneapolis Vacant Building Registry and will require buyer review of applicable registry requirements and release timing.
The building previously had separate furnaces and water heaters. Prior improvements included newer windows, updated bathrooms, and renovations in some units. A detached four-stall garage accessed from the alley is included. The property is offered as-is, with the rehabilitation scope and remaining work to be verified by the buyer.
The building previously had separate furnaces and water heaters. Prior improvements included newer windows, updated bathrooms, and renovations in some units. A detached four-stall garage accessed from the alley is included. The property is offered as-is, with the rehabilitation scope and remaining work to be verified by the buyer.
Key Highlights
- Four‑unit property built in 1925
- Fire affected one unit and the front entry; remediation work has begun
- Listed on the City of Minneapolis Vacant Building Registry
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
472
Businesses Nearby
Explore this area
Business Placement
Demographics for 55412, MN
23,800
Population
9,676
Households
2.5
Avg Household Size
33
Median Age
28%
College-Educated
85%
High-School Grad
3.4 sq mi
ZIP Area
7,000
Density / Sq Mi
$71,905
Median Household Income
$42,494
Median Earnings
$1,340
Median Rent
$226,400
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Vacant four-unit property with a detached garage and existing restoration scope.
Where is this quadplex located?
The property is located at 3245 Penn Ave N Minneapolis, MN.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Four‑unit property built in 1925; Fire affected one unit and the front entry; remediation work has begun; Listed on the City of Minneapolis Vacant Building Registry
