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Back 4949 South Penn Avenue
Off Market

4949 South Penn Avenue

Minneapolis MN 55419

2
3263 sq. ft.
0.12 ac.
Duplex
Last sold for $600,000
Alison HeathcoteAlison Heathcote, last sold this property on 12 September 2025 after 127 days on market.

Overview

Two Units. One Smart Move! This charming and well-maintained up/down duplex sits on a highly coveted block near 50th & Penn—just 1.5 blocks south of Lake Harriet. Enjoy easy access to the beach, biking and walking trails, and beloved neighborhood spots like Broders’ Pasta Bar, Nico’s Tacos, and more—all less than a block away. This is no ordinary duplex. Each unit offers 2 bedrooms, an office and 1 bathroom. A tuck-under garage is a lovely surprise—perfect for those chilly Minnesota winters. Roof was replaced in 2015, all windows have been updated, and numerous thoughtful upgrades have been made throughout. Whether you're an investor or an aspiring owner-occupant, this rare gem offers exciting income potential. Dreaming of an Airbnb? Looking to live in one of the city's most desirable neighborhoods while offsetting your mortgage? Ask us about what nearby rentals are bringing in—you'll be pleasantly surprised by the numbers.

Features

2 carspaces
2 garage spaces
3263 sq. ft. floor area
0.12 ac. lot size
Duplex

Estimated Value

Based on this property and similar duplexes sold in Minneapolis over the last 12 months, the estimated median property value of 4949 South Penn Avenue is $567.5k.

Median value
$567.5k
Estimated value range
$399.9k - $740k
Median days on market
20
Estimated value trend
4%
increase over the last 12 months
Average days on market is based on recent, comparable sales in Minneapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 4949 South Penn Avenue

2025
Sold
$600,000
12 Sep 2025 by Alison Heathcote, of FOX REALTY
2003
Sold
$405,000
20 Feb 2003 by Michael Schatz, of Schatz Real Estate Group

Happy sellers in Minneapolis

<50%
50% of sellers in Minneapolis reported that their sale price either exceeded or met their price expectations.

Minneapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Minneapolis over the last 12 months.

Local market activity for duplexes in Minneapolis

In the last 12 months, 15 duplexes similar to 4949 South Penn Avenue, have been sold.

This represents a 15% decrease in duplexes sales when compared to the previous 12 months.

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Minneapolis

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Rita Marr Gehrke

Rita Marr Gehrke is a recommended agent for Minneapolis.  They have 2 local sales and collected 2 local reviews across the last 12 months.

  •   5   (6 reviews)
  •  2 Reviews in Minneapolis
  •  2 Sales in Minneapolis
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Karen Keljik

Sellers who recommend Karen Keljik have praised them for being local expert, responsive, reliable, clear communication, supportive, trustworthy, and friendly

  •   5   (64 reviews)
  •  1 Review in Minneapolis
  •  2 Sales in Minneapolis
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Jan Anderson

Sellers who recommend Jan Anderson have praised them for being local expert, clear communication, responsive, patient, supportive, friendly, and hard-working

  •   5   (71 reviews)
  •  1 Review in Minneapolis
  •  1 Sale in Minneapolis
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Kevin Burns

Kevin Burns is a recommended agent for Minneapolis.  They have 1 local sale and collected 1 local review across the last 12 months.

  •   5   (122 reviews)
  •  1 Review in Minneapolis
  •  1 Sale in Minneapolis
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