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6436 Penn Avenue South

6436 Penn Avenue South, Minneapolis, MN 55423
Commercial in Northwest Richfield
6436 Penn Avenue South in Minneapolis, MN was first built in 1956 and is 68 years old. Although, the building on the property was most recently renovated and altered in 1962. This has been categorized as a commercial property type. The linear feet across the front of the lot is 1,150 ft and the linear feet between the front and back of the lot is 1,670. In total, the area measurement of the land is 19,166 square feet.

Learn more about the property and building on this page. The building type has been coded as 3. The code stands for buildings that have exterior walls made of non-combustible material. The interior partitions and roof structure are combustible materials. For example, the building may have concrete floors or a wood frame. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with concrete block control joints. Walk inside and you'll find flooring throughout the home. Walk into the home itself and you'll find that it is currently being cooled with a packaged air conditioning unit. As for heating, the home is utilizing a heating system we are unsure of. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 6436 Penn Avenue South was last sold in Feb 21, 2023 for $1,250,000. Prior to that sales transaction, the property was sold for $850,000 in Feb 14, 2023. Current property owners are expected to pay $40,565 in taxes per year. The property on 6436 Penn Avenue South was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $1,175,000. To break that down further, the land itself was valued at $385,000. While improvements to the property were assessed at a total of $790,000. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. Looking to take out a mortage loan? You may want to consider a conventional loan, which is considered one of the most common type of loans on the market. We'll cover the two different types of conventional loans (aka conforming and non-conforming), the pros and cons, and how they could benefit you compared to a FHA or specialty loan. Read more about conventional loans and how you can qualify for one.This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

Building Features

Parking

Covered Parking
Attached Garage
Open Parking

Driveway

Driveway
This property description is generated based on publicly available data.

0 Past Sales

Date Unit Beds Baths Sqft Price Closed Owner Listed By

Building Info

Overview

    General

  • Year Built: 1956
  • Effective Year Built: 1962
  • Bedroom Count: 0
  • Construction Type: Concrete block
  • Floor Cover: Carpet
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 19,166
  • Lot Size Depth Feet: 1,670
  • Lot Size Frontage Feet: 1,150
  • Total Building Area: 0
  • Building Area: 0

    Heating and Cooling

  • Air Conditioning: Packed air conditioning unit
  • Heating: Other
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Building Type: Exterior non-combustible materials/Interior combustible materials
  • Property Class: Commercial
  • Subdivision: RICHFIELD GARDENS
  • Land Acres: 0.44
  • Standard Land Use Code: Commercial (general)
  • Legal Description 1: 001 RICHFIELD GARDENS ELY 167 FT OF THAT PART OF N 115.9 FT OF S 270.9 FT LYING S OF N 354.5 FT THOF E 115 X 167

Ownership

  • Current Owner : MSP RICHFIELD LLC
  • Previous Owner : SWEDIN PROPERTIES INC
  • Owner Before Previous Owner: CHARIS PROPERTIES LLC
  • Ownership Rights Codes: unknown
  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Richfield Public School District
  • School Tax School District: RICHFIELD
  • Census Tract: 024100

Geography

  • Assessors Map Reference: MB:46250
  • District: 42
  • Parcel: 29-028-24-14-0022
  • Lot: 1
  • Meridian: SEC 29 QTR 14 TWN 028 RNG 24
  • Municipality: RICHFIELD
  • Latitude: 44.886
  • Longitude: -93.3092

    Address

  • Full Address: 6436 Penn Ave S
  • Address - House Number: 6436
  • Street Segment Direction: S
  • Address - Street Name: Penn
  • Address - Suffix Type: Ave
  • State: MN
  • City Name: Minneapolis
  • Carrier Code: C010
  • 4-Digit Zip Code: 1141
  • Zip Code: 55423

Valuation

    Tax

  • Tax Year: 2023
  • Tax Amount: $40,565

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $2,140,000
  • First Open Lien Mortgage Lender: WINGS FINANCIAL CREDIT UNION
  • First Open Lien Mortgage Recording Date: Feb 22, 2023
  • First Open Lien Mortgage Loan Amount: $2,140,000
  • First Open Lien Mortgage Term: 120
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 05, 2033

    Market Valuation

  • Market Total Value: $1,175,000
  • Market Land Value: $385,000
  • Market Improvement Value: $790,000

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $1,175,000
  • Assessed Land Value: $385,000
  • Assessed Improvements Value: $790,000

    Sales

  • Current Sale Contract Date: Feb 21, 2023
  • Current Sale Recording Date: Feb 22, 2023
  • Current Sale Transaction ID: 11904012658
  • Current Sale Price: $1,250,000
  • Current Sale Document Type: Special Warranty Deed
  • Current Sale Input Document Number: 11182879
  • Previous Sale Recording Date: Feb 22, 2023
  • Previous Sale Contract Date: Feb 14, 2023
  • Previous Sale Amount: $850,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: WINGS FINANCIAL CREDIT UNION
  • First Mortgage Transaction Date: Feb 22, 2023
  • First Mortgage Loan Amount: $2,140,000
  • First Mortgage Terms: 120
  • First Mortgage Loan Type: New Conventional
  • First Mortgage Loan Due Date: Mar 05, 2033

About Northwest Richfield



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Frequently Asked Questions

What neighborhood is 6436 Penn Avenue South located in?
The 6436 Penn Avenue South is a commercial located in the neighborhood of Northwest Richfield in Northwest Richfield, Minneapolis.
What is the average sales price for listings in 6436 Penn Avenue South?
The average sales price for units in 6436 Penn Avenue South is $0 currently.

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