The listing facts are current enough for an initial property review.
2121 Penn Ave S
Listing Notes
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 buildings 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 raredont 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.
Market Insights
$231/sqft vs a nearby median of $211/sqft.
- +9.5% versus the nearby median price per square foot.
- Price history is limited, so current comps matter more than trend alone.
- 5,320 sqft creates a usable price-per-square-foot read.
Pricing Read
Asking price is about 6.3% above where comps + adjustments land — there is room to negotiate.
- Pre-war character+$28k +2.5%
Property Read
The property is priced above the nearby median per square foot, so condition, building quality, and exact location need to justify the higher ask.
Price history is still limited; review again as more market activity becomes available.
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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.
Listing Details
- Days on market
- 1 day
- Last price change
- No change recorded
- Listed
- May 11, 2026
- Photos
- 51 photos
- Property type
- multi family
- Status
- for sale