5535 Penn Ave S

$499,500
Price
—
Beds
—
Baths
3,090 Sq. Ft.
$162 / Sq. Ft.
3,090
Sq. Ft.
$162
per Sq. Ft.

Description

Great Owner occupied opportunity with 5535 currently on a month to month lease. 5537 is currently rented with a 1 year lease that began July 2025. Lease payment for each unit is $1800/month. 3 Bedrooms in each side with 1 full and 1 1/4 Bathrooms with large lower level Family Room walking out to Back Yard. Separate Garage stall for each unit. Washer and Dryer, Range or Cooktop plus Refrigerator included with each unit. Maintenance free exterior. 24 hour notice required for all showings.Great Owner occupied opportunity with 5535 currently on a month to month lease. 5537 is currently rented with a 1 year lease that began July 2025. Lease payment for each unit is $1800/month. 3 Bedrooms in each side with 1 full and 1 1/4 Bathrooms with large lower level Family Room walking out to Back Yard. Separate Garage stall for each unit. Washer and Dryer, Range or Cooktop plus Refrigerator included with each unit. Maintenance free exterior. 24 hour notice required for all showings.

Property Details for 5535 Penn Avenue South

Neighborhood
Armatage
Subdivision Name
Pennhurst 2nd Add
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 11/19/2025 11:42 AM

Property Details for 5535 Penn Avenue South

StatusActive
MLS #6791869
Days on Compass76
Taxes$8,797 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex Side by Side
Year Built1959
Lot Size0.19 AC / 8,276 SF
CountyHennepin County

Location

Listing Courtesy of Sterling Realty and Management
Add your commute

Building Information for 5535 Penn Avenue South

Stories-Residences2Year Built1959Building Size-Lot Size0.19 AC / 8,276 SF

Payment Calculator

$3,201 per month

30 year fixed, 6.28% Interest

Principal and Interest

$2,468

Property Taxes

$733

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5535 Penn Avenue South

Summary
Location and General Information
  • City Name: Minneapolis
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: Highway 62 to Penn Ave, North to Home
  • Latitude: 44.90207
  • Longitude: -93.308279
  • Map Coordinate: 120-B3
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Minneapolis
  • City and Location Text: Minneapolis(MN)
  • Postal Code: 55419
  • State Or Province: MN
  • Public Survey Township: 28
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 2102824220180
  • Tax Annual Amount: $8,797.00
  • Tax Legal Description: BLOCK 008 PENNHURST 2ND ADDN N 1/2 OF LOT 12 AND S 40 FT OF LOT 13
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 8797.0000
School Information
  • High School District: 1 - Minneapolis
  • School District Number: 1
  • School District Phone: 612-668-0000
Property
Lot Information
  • Above Grade Fin SQFT: 1840.0
  • Below Grade Fin SQFT: 1250.0
  • SQFT Total: 3090.0
  • Lot Features: Some Trees
  • Lot Size Area: 0.19
  • Lot Size Dimensions: 65 X 126
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Duplex Side by Side
  • Property Type: Residential Income
  • SQFT Main Total: 1840.0000
  • Building Area Total: 3090.0
  • Above Grade SqFt Total: 1840.0000
  • Below Grade SqFt Total: 1250.0000
Property and Assessments
  • Age Of Property: 66
Utilities
  • Electric: Circuit Breakers
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Fencing: Chain Link
  • Foundation Area: 1840.0
  • Fuel: Natural Gas
  • Road Frontage Type: City Street, Curbs
  • Road Responsibility: Public Maintained Road
  • Roof: Age Over 8 Years, Asphalt, Pitched
Interior Features
  • Basement Type: Egress Window(s), Finished, Walkout
  • DP Resource: Y
  • Garage Square Feet: 0
  • Heating: Forced Air
  • Levels: One
  • Number of Refrigerator: One Per Unit
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Amenities: Cable,Main Floor Primary Bedroom
  • Unit Appl: Dryer,Gas Water Heater,Range
  • Unit Bath 3Qtr: 0
  • Unit Bath Description: Other
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 1
  • Unit Monthly Expenses: 0.00
  • Unit Rooms Total: 7
  • Unit SqFt: 920
  • Unit Type Actual Rent: $1,800.00
  • Unit Type Baths Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Units Total: 1
  • Bedroom 1 Room Dimensions: 12 X 14
  • Bedroom 1 Room Level: Main (Ground)
  • Bedroom 2 Room Dimensions: 10 X 10
  • Bedroom 2 Room Level: Main (Ground)
  • Bedroom 3 Room Dimensions: 12 X 14
  • Bedroom 3 Room Level: Main (Ground)
  • Bedroom 4 Room Dimensions: 12 X 13
  • Bedroom 4 Room Level: Main (Ground)
  • Dining Room Dimensions: 12 X 22
  • Dining Room Level: Lower
  • Family Room Dimensions: 12 X 12
  • Family Room Features: Family Room
  • Family Room Level: Main (Ground)
  • Kitchen Room Dimensions: 12 X 14
  • Kitchen Room Level: Lower
  • Unit Level: Main Level
  • Unit Type Total Rent: 21600
  • Unit Furnished: No
Unit 2
  • Unit Amenities: Main Floor Primary Bedroom
  • Unit Appl: Dryer,Gas Water Heater,Range
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Room Spec: Main Floor Primary
  • Unit Rooms Total: 7
  • Unit SqFt: 1541
  • Unit Type Actual Rent: $1,800.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Units Total: 1
  • Extra Room 3 Description: Dining Room
  • Extra Room 3 Dimensions: 10 X 10
  • Extra Room 3 Level: Main (Ground)
  • Extra Room 4 Dimensions: 12 X 12
  • Extra Room 4 Level: Main (Ground)
  • Extra Room 5 Dimensions: 12 X 14
  • Extra Room 5 Level: Main (Ground)
  • Extra Room 6 Dimensions: 12 X 13
  • Extra Room 6 Level: Main (Ground)
  • Licing Room Dimensions: 12 X 14
  • Living Room Level: Main (Ground)
  • Unit Level: Main Level
  • Unit Type Total Rent: 21600
  • Unit Furnished: No

Property History for 5535 Penn Avenue South

DateEvent & SourcePriceAppreciation
Nov 2, 2025

Price Change

NorthStar #6791869

$499,500—
Sep 20, 2025

Price Change

NorthStar #6791869

$529,900—
Sep 20, 2025

Listed (Active)

NorthStar #6791869

—
Oct 31, 2018

Sold (Public Record)

Public Record #635297707

$456,500

+72.9% / yr

Oct 31, 2018

Sold

NorthStar #5009069

$456,500—
Oct 11, 2018

Pending

NorthStar #5009069

—
Sep 28, 2018

Listed (Active)

NorthStar #5009069

$465,000—
Jun 20, 2018

Sold (Public Record)

Public Record #626903886

$374,000—
Jun 20, 2018

Sold

NorthStar #4937048

$374,000—
Jun 16, 2018

Sold (Public Record)

Public Record #626452472

$250,000—
Jun 7, 2018

Pending

NorthStar #4937048

—
May 22, 2018

Listed (Active)

NorthStar #4937048

$350,000—
Sep 23, 2013

Off Market

Lake Superior Area REALTORS #1823034

$364,900—
Jun 1, 2010

Sold (Public Record)

Public Record #291185270

$250,000—
Jun 1, 2007

Listed (Active)

Lake Superior Area REALTORS #1823034

$364,900—
DateEvent & SourcePrice
11/02/2025

Price Change

NorthStar #6791869

$499,500
09/20/2025

Price Change

NorthStar #6791869

$529,900
09/20/2025

Listed (Active)

NorthStar #6791869

—
10/31/2018

Sold (Public Record)

Public Record #635297707

$456,500

+72.9% / yr

10/31/2018

Sold

NorthStar #5009069

$456,500
10/11/2018

Pending

NorthStar #5009069

—
09/28/2018

Listed (Active)

NorthStar #5009069

$465,000
06/20/2018

Sold (Public Record)

Public Record #626903886

$374,000
06/20/2018

Sold

NorthStar #4937048

$374,000
06/16/2018

Sold (Public Record)

Public Record #626452472

$250,000
06/07/2018

Pending

NorthStar #4937048

—
05/22/2018

Listed (Active)

NorthStar #4937048

$350,000
09/23/2013

Off Market

Lake Superior Area REALTORS #1823034

$364,900
06/01/2010

Sold (Public Record)

Public Record #291185270

$250,000
06/01/2007

Listed (Active)

Lake Superior Area REALTORS #1823034

$364,900

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5535 Penn Avenue South

Taxable ValueLand$178,000Additions$306,000Total$484,000
Tax Record2025$8,797 ($733 / month)
Home Facts
Baths2Total Finished SqFt1,858 SqFtAbove Grade Finished SqFt1,858 SqFtStories1Lot Size8,276 SqFtStyleDuplexYear Built1959ZoningR2BCountyHENNEPINAPN21-028-24-22-0180

Schools near 5535 Penn Avenue South

This home is within Minneapolis Public School Dist..
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 4 to 8
Rating
School
Distance
Armatage Elementary School
PublicPK to 5

Anthony Middle School
Public6 to 8

Southwest Senior High School
Public9 to 12

Lake Harriet Upper School
Public4 to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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5535 Penn Avenue South is a multi-family home for sale in Minneapolis, MN 55419. This property was listed for sale on September 20, 2025 by Sterling Realty and Management, it's currently listed at $499,500. It has been on the market for a total of 76 days and was last sold on October 31, 2018. This listing's school district is Minneapolis Public School Dist.. Nearby schools include Armatage Elementary School, Anthony Middle School and Southwest Senior High School. 5535 Penn Avenue South is a 0-bed, 0-bath, 3,090 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sterling Realty and Management

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 12/05/2025 12:12 AM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.