Minneapolis, MN 55405 2121 Penn Avenue S

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Presented By: Coldwell Banker Realty - Lakes
  • MLS# 7022775
  • 02/17/2026
  • Request Tour
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  • Beds • 8
  • Baths • 4
  • SQFT • 5,320

Home Details

Beautiful all-brick 4-plex just a half block from Lake of the Isles in the coveted Kenwood neighborhood. This classic building showcases timeless craftsmanship, with interior units featuring natural oak woodwork and hardwood floors. Three units include original built-in buffets and elegant room dividers with bookcases separating the living and dining rooms. A previous owner thoughtfully opened the sunroom and living room in Unit 1, creating an expansive, inviting space rarely found in buildings of this era. Over the years, all kitchens have been updated with a clean, modern style that complements the building’s historic character. Major mechanical updates provide peace of mind and strong rental appeal: tenants pay their own heat and electricity, supported by four newer boilers (2017), four individual hot water heaters, and separate updated electrical panels. The roof was replaced in 2020 with a durable Duro-Last system, and the sewer line was fully lined in 2025. Opportunities like this are rare—don’t miss one of the finest 4-plexes in the city, steps from the lake, parks, trails, and everything that makes Kenwood one of Minneapolis’ most desirable neighborhoods.
Presented By: Coldwell Banker Realty - Lakes

Interior Features for 2121 Penn Avenue S

Bedrooms

Total Bedrooms8

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area5046
BasementDaylight/Lookout Windows, Full, Partially Finished, Shared Access, Storage/Locker, Storage Space, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area274
FuelNatural Gas
Laundry FeaturesIn Basement, Common Area

General for 2121 Penn Avenue S

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry, Coin-op Laundry Owned
CityMinneapolis
Construction MaterialsFrame
ContingencyNone
CountyHennepin
DirectionsWest Lake of the Isles Parkway to Penn Ave, north to property.
ElectricCircuit Breakers, Service - 60 Amp
Electric Expense713
Fuel Expense
Garage Spaces
Gross Income75900
HeatingBoiler, Hot Water
High School DistrictMinneapolis
Insurance Expense5152
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area5320
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income0
New ConstructionNo
Number Of Units Total4
Operating Expense0
OwnerPaysInsurance, Repairs, Sewer, Taxes, Trash Collection, Water
Pool FeaturesNone
PostalCityMinneapolis
Property SubtypeFourplex
Property TypeResidential Income
RoofAge 8 Years or Less, Flat
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameIsland Park Add
Tax Annual Amount14160
Tax Year2025
Tenant PaysElectricity, Fuel, Gas, Heat
Trash Expense0
Water Sewer Expense4508
Year Built1915
Zoning DescriptionResidential-Single Family

Exterior for 2121 Penn Avenue S

Building Area Total7569
Foundation Area2523
Lot Dimensions130x50
Lot Size Area0.15
Parking FeaturesOn-Street Parking Only
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks, Street Lights
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected

Additional Details

Price History

John Wichmann

Agent
Price $1,295,000
MLS#7022775
List Date 02/17/2026
Property Type Multi-Family
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