401 Penn Ave
Minneapolis, MN 55405
3 bd 2 ba 907 sqft Built 1923 Lot 6,970 sqft single_family
Most recent sale
$260,000
Jun 13, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Jun 13, 2022 | Sold | $260,000 | MLS #6100355 |
| Jan 6, 2022 | Price changed | $275,000 | MLS #6100355 |
| Dec 14, 2021 | Price changed | $300,000 | MLS #6100355 |
| Sep 17, 2021 | Listed | $325,000 | MLS #6100355 |
| Apr 23, 2019 | Sold | $275,000 | MLS #5199466 |
| Mar 29, 2019 | Listed | $199,900 | MLS #5199466 |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2025 | $157,000 | $153,000 | $310,000 | $4,588 |
| 2024 | $166,000 | $135,000 | $301,000 | $4,153 |
| 2023 | $184,000 | $117,000 | $301,000 | $3,947 |
| 2022 | $196,500 | $87,000 | $283,500 | $3,913 |
| 2021 | $170,000 | $113,500 | $283,500 | $5,554 |
| 2020 | — | — | $265,780 | $3,856 |
| 2019 | — | — | $265,780 | $4,112 |
| 2018 | — | — | $246,160 | $3,844 |
| 2017 | — | — | $246,160 | $3,942 |
| 2016 | — | — | $233,080 | $3,712 |
| 2015 | — | — | $217,820 | $3,716 |
| 2014 | — | — | $184,575 | $3,396 |
| 2013 | — | — | $191,660 | $3,539 |
| 2012 | — | — | $191,660 | $3,449 |
| 2011 | $100,900 | $120,100 | $221,000 | $3,572 |
| 2010 | $112,400 | $120,100 | $232,500 | $3,202 |
| 2009 | $112,400 | $120,100 | $232,500 | $3,238 |
| 2008 | $138,400 | $120,100 | $258,500 | $3,252 |
| 2007 | $144,600 | $80,400 | $225,000 | $2,856 |
Property facts
Year built
1923
Property type
single_family
Stories
1
Beds
3
Baths
2
Living area
907 sqft
Lot size
6,970 sqft
ZIP code
55405
City
Minneapolis
Street
Penn Ave
Coordinates
44.97358, -93.30810
Comparable properties nearby
Investment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,361
Gross rental yield
6.28%
Implied cap rate
4.08%
Trend-extrapolated value
—
Frequently asked questions
When did 401 Penn Ave last sell?
401 Penn Ave most recently sold on Jun 13, 2022 for $260,000.
What is the current tax assessment for 401 Penn Ave?
The most recent total assessment for 401 Penn Ave (year 2025) is $310,000 with $4,588 in property tax.
How does 401 Penn Ave's assessment compare to its last sale price?
The current assessment is 19.2% above the last sale price of $260,000.
When was 401 Penn Ave built?
401 Penn Ave was built in 1923.
How does 401 Penn Ave compare to others on Penn Ave?
We track 8 other properties on Penn Ave. Browse the list under "Other properties on Penn Ave" to compare beds, baths, and sale history.
What are the property facts for 401 Penn Ave?
401 Penn Ave is a 3 bed, 2 bath, 907 sqft, 6,970 sqft lot single_family.
Is 401 Penn Ave a flip candidate?
No — 401 Penn Ave does not appear in our flips dataset.
Is 401 Penn Ave a tax-appeal candidate?
Yes — 401 Penn Ave appears in our tax-appeal candidates list, meaning its current assessment exceeds its recent sale price by 15% or more.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+1.2%
Implied 1-yr
+4.9%
2026 Q3
$532.8K
2026 Q4
$538.8K
ZIP 55405 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Penn Ave