Lori Gustafson

4027 Penn Avenue N

Minneapolis, MN
$ 299,900 Beds 3 Baths 2 Sq 1,768 Virtual Tour
Monthly Estimate* How much can I afford?

OPEN HOUSE SAT, 9/26, NOON TO 1:30 PM. Classic 3-bedroom, 2-bathroom single-family home in the Victory neighborhood of Minneapolis with a detached 2-car garage and a flexible layout. NEW roof on the house in October, 2025. A second entrance provides convenient private access to the upstairs, creating flexibility for a guest suite, home office, or other dedicated living space while maintaining its single-family zoning. The home features beautiful hardwood floors, original woodwork, leaded-glass windows, a decorative fireplace, gorgeous built-in buffet, and a sunny front porch. The semi-finished basement adds even more versatility with a hobby, sewing, or game room. There is both second floor laundry and laundry in the basement. Outside, enjoy a privacy-fenced, landscaped backyard with a spacious paver patio and additional off-street parking. Located on a BRT line with convenient access to downtown Minneapolis, this distinctive Victory neighborhood home combines classic character, flexible living space, and easy access to public transit. Some photos are virtually staged.

Single Family

  • Price
  • $ 299,900
  • City
  • Minneapolis
  • Bedrooms
  • 3
  • Full Bathrooms
  • 2
  • County
  • HENNEPIN
  • Half Bathrooms
  • 0
  • Area
  • Thorpe Bros William Penn Add
  • Lot Size
  • 0.12 Acres
  • Zip
  • 55412
  • Sqr Footage
  • 1,768
  • Year Built
  • 1914
  • Taxes
  • $ 3151
  • Style
  • Single Family
  • MLS#
  • 7123015
Listed By: RE/MAX Results
Data Source: Northstar MLS (NSTAR)

Features

General

Living Area 1768
Sewer City Sewer/Connected
Heating Boiler,Hot Water,Radiator
Cooling Window Unit(s)
Roof Age 8 Years or Less,Architectural Shingle,Asphalt,Pitched
Appliances Dryer,Gas Water Heater,Microwave,Range,Refrigerator,Washer
Garage Spaces 2
Pool Features None
Construction Materials Block,Frame
Year Built 1914
Electric Circuit Breakers,200+ Amp Service
Levels One and One Half
Property Subtype Single Family
Tax Year 2026
Accessibility None
County Hennepin
New Construction No
Property Type Residential
HOA No
Contingency None
Subdivision Name Thorpe Bros William Penn Add
Full Baths 2
Directions Victory Memorial Drive to 42nd Ave N. East on 42nd Ave N to Penn. South on Penn to Home.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Single Family
Lot Size Units Acres
Property Attached Y/N No
Land Lease Y/N No
Tax Annual Amount 3151
Additional Parcels Y/N No
Virtual Tour https://tours.spacecrafting.com/n-qkkpz8
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s),French Doors,Hardwood Floors,Kitchen Window,Natural Woodwork,Patio,Porch,Tile Floors,Washer/Dryer Hookup,Walk-In Closet
PostalCity Minneapolis

Interior Features

Basement Block,Full,Partially Finished
Fireplace Features Decorative,Living Room
Basement (Y/N) Yes
Fireplace Y/N No
Above Grade Finished Area 1768
Laundry Features In Basement,Gas Dryer Hookup,Laundry Closet,Sink,Washer Hookup
Total Bedrooms 3
Total Baths 2
Bath Desc Main Floor Full Bath,Upper Level Full Bath
Dining Room Description Eat In Kitchen,Separate/Formal Dining Room
Fuel Natural Gas
Garage Dimensions 20 x 20
Garage Door Width 7
Garage Square Feet 400

Exterior Features

Fencing Privacy,Wood
Parking Features Detached Garage,Asphalt,Garage Door Opener
Lot Features Public Transit (w/in 6 blks),Tree Coverage - Light
Water Source City Water/Connected
Lot Size Area 0.12
Building Area Total 2808
Lot Dimensions 40x130
Waterfront Y/N No
Foundation Area 1040
Road Frontage Type City Street,Curbs,Paved Streets,Sidewalks,Street Lights,Storm Sewer
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Affordability Calculator

$3,786

Per Month

Based on the average sale price from the Faribault, MN office

  • Monthly Principal & interest $2,658
  • Monthly Property Taxes $1,062
  • Monthly Home Insurance $67
Adjust Payment Options
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Let's determine your purchasing power. Working with my mortgage partner, you'll have the information you need to shop for a home with confidence.

Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA, or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

Schools

Elementary School Unknown Elementary School
Middle School Unknown Middle School
High School Unknown High School

Price History

8/18/2026 Listed $299,900

Property vs Zip Code Average in 55412

Price
AVG $240K
$300K
Taxes
AVG $2,887
$3,151
Year Built
AVG 1938
1914
Visits
AVG 111
76
Data Provided by Inside Real Estate®

In The Neighborhood

Areas That We Cover

4027 Penn Avenue N Minneapolis, MN is a Single Family Home for sale at $299900 with 1768 sqft and a lot size of 0.12 Acres Acre(s). 4027 Penn Avenue N Minneapolis has 3 bedrooms, 2 baths and was built in 1914. The property's zip code is 55412 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Mortgage calculator provided courtesy of Inside Real Estate.

All information deemed reliable, but not guaranteed, and should be independently verified. The real estate information and related content displayed on this site is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Lori Gustafson

Lori Gustafson

Broker Associate/Sales Agent

507-323-4348

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