5300 Penn Avenue S, Minneapolis, MN 55419

• 4 beds |
• 2 baths |
• 2,380 sqft

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.

Listing Status:

Active

Data Last Updated:

June 19, 2026 at 4:16PM

Listing Office:

Coldwell Banker Realty - Lakes : 612-920-5605

MLS ID:

7091892

Interior

• Laundry: In BasementCommon Area
• Basement: BlockFull
• Heating: Forced Air

Exterior

• General: StoneStucco
• Pool: None
• Parking: Detached GarageAsphalt

Construction

• Roofing: Age Over 8 Years
• General: TwoBlock

Location

• Road/Access: City Street
• HOA Amenities: None
• Originating MLS: northstar
• School District: Minneapolis
• County: Hennepin

Lot

• Zoning: 1702824440116
• Fencing: None

Utilities

• Utilities: Circuit Breakers
• Water: City Water/Connected
• Sewer: City Sewer/Connected

Financial

• Source: northstar