6-Unit Apartment
For Sale
$124,900
3550 Penn Avenue N, Minneapolis, MN 55412
Commercial Sale, Minneapolis, MN
Property SizeContact for details
Lot Size0.16 Acres
Days on Market110
Property Features for 3550 Penn Avenue N
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Residential-Multi-Family
Bedrooms
6
Bathrooms
6
Full bathrooms
6
Rooms
Bedroom 1, Bedroom 6, Bedroom 4, Bathroom 2, Bathroom 5, Bathroom 6, Basement, Bathroom 4, Bedroom 5, Bathroom 3, Bedroom 2, Bathroom 1, Bedroom 3
Parking features
Parking Lot
Subdivision
Egberts 2nd Add
High school district
Minneapolis
Directions
Dowling (West of 94) to Penn Ave. South to Building
Standard status
Active
APN
0902924220231
Lot size
0.16 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
1963
Utilities
Heating system
Hot Water(Heating)
Building Details
Year built
1957
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
(651) 379-5252
Listed By:
James Faillettaz · License #40879022
(612) 323-9332
Added: Jun 23
Changed: Oct 9
Last Checked: Oct 10 at 12:06AM
MLS# 7098748
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1957, this six-unit apartment property sits on a 0.16-acre lot and has hot water heating and a parking lot. The city has condemned the building, and it cannot be occupied until repairs are completed and approvals are secured. The property is offered in its current condition.
Key Highlights
- Six‑unit apartment building
- City‑condemned; repairs and approvals required before occupancy
- 0.16‑acre lot
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
356
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - City condemnation means repairs and approvals are needed before the property can be occupied.
Where is this apartment building located?
The property is located at 3550 Penn Avenue N Minneapolis, MN.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: Six‑unit apartment building; City‑condemned; repairs and approvals required before occupancy; 0.16‑acre lot
