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Updated 3 hours ago

5530 Penn Ave S


Minneapolis, MN

2 Bed
1 Bath

800 Sq. Ft.

Available Now
2 Beds • 1 Bath
$1,790
800 ft2
1 Available
Managed By: avail
$1,890 - 2 Bedroom 1 Bathroom Duplex - Armatage, Minneapolis
$1,790
Available Now
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Fees & leasing info
Lease & Fees
Security Deposit: $1,790.00
Property details
Description

12 Month Lease, $1,890 deposit, Available Now
This newly remodeled, owner occupied, 2-bedroom, 1-bathroom duplex offers approximately 800 sq. ft. of comfortable living space in one of Minneapolis’ most desirable neighborhoods.
Features include:
* Newly remodeled throughout
* Freshly refinished hardwood floors
* Private unfinished basement with dedicated washer and dryer
* A/C window unit that effectively cools the space
* Optional garage parking available, plus street and off-street parking options
* Fantastic location just a short walk to Lake Harriet, restaurants, coffee shops, and neighborhood amenities
Exciting Updates!
We’re committed to providing a comfortable, well-maintained home and will continue making improvements to the property.
Coming Soon:
* New high-efficiency furnace being installed this summer for more reliable, comfortable, and energy-efficient heating.
* Front sidewalk replacement scheduled for later this summer, providing a safer and more attractive entrance to the property.
Water, trash, and sewer included in rent cost. You would be cover for gas and electric.
1 month rent security deposit and application fee. Minimum credit score of 720 and gross monthly salary of 2.5x rent.
Message for rental details, availability, and to schedule a showing.

Additional Details
Total Unit Count: 1
Last Updated: Updated 3 hours ago
Contact Number: (262) 366-4772
Internet Providers
Provider Max Download Speed (Mbps) Max Upload Speed (Mbps)
US Internet Corp. 10000.0 10000.0
Comcast Corporation 987.0 35.0
ViaSat, Inc. 100.0 3.0
Nextera Holdings, LLC 50.0 50.0
CenturyLink, Inc. 40.0 3.0
Data from June 2020 provided by the FCC
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Affordability
To comfortably afford an apartment, we recommend having at least three times your monthy rent in gross household income.
View suggested annual incomes for 5530 Penn Ave S by bedroom type below.
2 Bedroom
Suggested income:
$64,400
per year
Rent report

5530 Penn Ave S Rent vs. Minneapolis Average

 5530 Penn Ave S      Minneapolis Average
2BR
$1,790
$2,102
$0
$700
$1,400
$2,100
$2,800

5530 Penn Ave S is asking 15% less than the average 2 bedroom apartment in Minneapolis.

If you upsized to an average priced Minneapolis 3 bedroom apartment, you would pay 8% more per month.

If you downsized to an average priced Minneapolis 1 bedroom apartment, you would pay 46% less per month.

5530 Penn Ave S provides 21% less square footage than the average Minneapolis 2 bedroom apartment.

Monthly Rent Rent per Sq. Ft. Suggested
Monthly Income
5530 Penn Ave S
2BR $1,790 $2.20 $5,370
Minneapolis Average
Studio $1,115 $2.60 $3,345
1BR $1,444 $2.20 $4,332
2BR $2,102 $2.10 $6,305
3BR $2,284 $1.70 $6,851
4BR $2,653 $1.70 $7,959

Availability in Minneapolis

In order to find the best deal, you need to know what types of units are available. Property managers may be willing to give concessions if they have many vacant units.

There are currently 2,128 1BR units on the market in Minneapolis. If you're looking to negotiate, this may be your best option.

Studio
1BR
2BR
3BR
4BR
19% 46% 28% 5% 2%
Available Units in Minneapolis
Studio 870
1BR 2,128
2BR 1,270
3BR 215
4BR 83
Location
Nearby Colleges
FAQs
Is this property currently leasing units?
Yes, there is 1 unit available at this property.
How many units are move-in ready in the next 2 months?
This property has 1 unit available for move-in now.
What's the square footage of the available units?
It's 800 square feet.
Does this property allow cats or dogs?
The property manager did not submit a pet policy with this listing.
How many bedrooms are in the available units?
There are 2 bedroom units available.
How many bathrooms are in the available units?
There are 1 bathroom units available.
What's the monthly rent at this property?
5530 Penn Ave S has a 2 bedroom unit starting at $1,790.
Where is this property located?
This property is at 5530 Penn Ave S in Minneapolis, MN. It's 6.0 miles southwest from the center of Minneapolis.
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