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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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5300 Penn Ave S , Minneapolis, MN 55419
$549,900
Est. Payment: $2,841.04/mo
4 Bed
2 Bath
2380 Sqft
Status: Pending | Days on site: 76
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5116 - 502003778,502038542,502026647
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House 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.

Highlights

Listed by Robert E Kessler , 612-386-6148 and Jose A Kosar , 952-237-8201 Coldwell Banker Realty - Lakes , 612-920-5605. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Multi-Family

Lot/Acreage
0.15

Year Built

1960

County

Hennepin

Neighborhood

Rerats Creekside Add

School District

Minneapolis

Listing ID

7091892

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Interior Features

Bedrooms and Bathrooms
  • Bedrooms:4
  • Bathrooms:2
  • Full Bathrooms:2
Above Ground Sq Ft:2380
Below Ground Sq Ft:0
Basement:Block,Full
Water:City Water/Connected

Exterior Features

Lot:Corner Lot,Tree Coverage - Light
Lot Dimensions:See Lister
Zoning:Residential-Multi-Family
Roof:Age Over 8 Years
Sewer:City Sewer/Connected
Parking Features:Detached Garage,Asphalt
Principal Interest
$2,841
Taxes
$877

Home Price

$549,900

Loan Details

30 yrs
6.708%

Down Payment

20%
$109,980
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$2,841.04

Principal

Taxes

Principal Taxes HOA Total
Monthly $2,841.04 $876.58 $0.00 $3,717.63
Yearly $34,092.50 $10,519.00 $0.00 $44,611.50
Total $1,022,775.03 $315,570.00 $0.00 $1,338,345.03
Lender profile image
Will Provost
Loan Originator
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Market insight data is pulled from the same city as the listing being viewed (Minneapolis, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-09-06T04:57:07.000Z

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