3631 Penn Avenue North is a 3 story, brick and stucco six-plex built in 1971. It is located in the Folwell neighborhood of Minneapolis, north of Lowry Avenue. The building has 2 one bedroom units and 4 two bedroom units. All are rented to families.
Funding requires that tenants must earn less than 50% of area median income ($51,700 for a family of 4) at move-in. Three of the units must be rented to tenants with an income at or below 30% of area median income ($31,000 for family of 4) at move-in.
The one bedroom units rent for $655 per month and the two bedroom units rent for $765 per month. There is a common boiler for heat and the tenants pay their own electricity bill.
Amenities include a coin-operated laundry and each unit has an energy star, in-wall air conditioner unit. The property is designed for transit dependent tenants and is on a good bus route. There are about 6 spaces for off-street parking.
To apply or check for vacancies, call 612-870-2267.