3725 Penn Avenue North is a 2 story, brick and stucco four-plex built in 1927.  It is located in the Folwell neighborhood of Minneapolis.  All units have 2 bedrooms and are rented to families.

Funding requires that tenants must earn less than 50% of area median income with a preference for families at 30% of area median income at move-in.

Amenities include a coin-operated laundry and backyard patio.   The property is designed for transit dependent tenants and is on a good bus route.  There are 4-plus spaces for off-street parking.