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Single Family ResidenceResidential
$242,351$162 / ft²
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 88How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Aug 30, 2026
Last sold for $159,900 on Oct 3, 2001

7242 PENN AVE N

MINNEAPOLIS, MN 55430
6
Beds
2.8
Baths
1,500 ft²
Living AreaTotal finished area of the structures, from county records. Some counties include shared space like hallways or a building gym, so it may not match a listing.
0.29 ac
Lot SizeThe size of the land the home sits on, from county records.
1962
Year BuiltThe year the home was originally built, according to county records.
1
StoriesHow many floors the home has above ground.
7
RoomsThe total room count in county records. Counties differ on which rooms they count, so compare it loosely.

Valuation

$242K
$213K low$272K high
Last SaleThe most recent sale price and date from the recorded deed. Transfers between family members or companies may not reflect market value.$159,900 · Oct 3, 2001

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$5,228 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$377,100 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$102,000
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$275,100
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$365,000
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$377,100

Climate Risk

Projected Flood DepthHow deep a serious flood is expected to get here at some point in the next 30 years. Shown in inches.2 in
30-Year Flood ChanceThe chance of at least one serious flood here in the next 30 years, not in any single year.6%
FEMA Flood ZoneFEMA's flood zone for this address. Zones starting with A or V are high risk, and lenders usually require flood insurance there.1 percent flood zone

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Single Family Residence
StyleThe architectural style of the home, such as ranch or colonial.Ranch
CountyHENNEPIN
Effective Year BuiltAn adjusted build year that accounts for condition and major remodels. A big renovation can make a home count as newer than it is.2000
Lot (acres)The size of the land the home sits on, from county records.0.29
ConstructionThe main material the home's frame and walls are built from.Frame (Unspecified)
RoofThe main material covering the roof, such as asphalt shingle or tile.Asphalt
HeatingThe type of heating system in the home.Floor/Wall Furnace
CoolingThe type of cooling or air conditioning in the home.Package
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No
FeaturesExtra features found in county records. Records are not complete everywhere, so a missing feature does not always mean the home lacks it.Deck · 308 ft²Patio · 308 ft²

Transaction History(1)

Sales and refinances filed with the county for this home. Not every transfer is a normal sale, so check the type before comparing prices.

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Evergreen Park Elementary SchoolD-
Elementary · Grades PK–5 · 0.8 mi
H
Champlin Park High SchoolB+
High · Grades 9–12 · 4.9 mi
M
Jackson Middle SchoolA
Middle · Grades 6–8 · 5.0 mi

District: Anoka-Hennepin School District

Neighborhood · ZIP 55430These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.62
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.88
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.14

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.96%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.20%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.10.0%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.0%
PopulationHow many people live in this area.24,650
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.3,863 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$76,926
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$90,747
Average tempThe average temperature here across a full year.45°F
Annual precipHow much rain and melted snow falls here in a typical year.32 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.58%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

7242 Penn Ave N measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 77% of homes in Minneapolis 55430
  • Costs less per square foot than 87% of homes in Hennepin County
  • Bigger than 93% of homes in East Palmer Lake
  • Has a bigger lot than 89% of homes in Minneapolis 55430
  • Newer than 72% of homes in Minneapolis 55430

What homes are worth in Minneapolis 55430

Each bar is how many homes fall in that price range. The marker is this home.

This home
$102K$365K

This home is worth more than 77% of homes in Minneapolis 55430.

How it measures up in Minneapolis 55430

The dot is this home. The mark in the middle is the typical home in Minneapolis 55430.

Estimated value$242,351
CheaperTypical $207,471Pricier

Pricier than 77% of homes nearby

Price per ft²$162
CheaperTypical $188Pricier

Pricier than 28% of homes nearby

Living area1,500 ft²
SmallerTypical 1,086 ft²Bigger

Bigger than 87% of homes nearby

Lot size0.29 ac
SmallerTypical 0.22 acBigger

Bigger than 89% of homes nearby

Year built1962
OlderTypical 1955Newer

Newer than 72% of homes nearby

How 7242 Penn Ave N ranks against every home in each area.
MeasureThis homeEast Palmer LakeMinneapolis 55430Hennepin County
Estimated valuepricier than$242,35153% of homes77% of homes28% of homes
Price per ft²pricier than$16222% of homes28% of homes13% of homes
Living areabigger than1,500 ft²93% of homes87% of homes58% of homes
Lot sizebigger than0.29 ac85% of homes89% of homes58% of homes
Year builtnewer than196270% of homes72% of homes43% of homes

About 7242 Penn Ave N

How much is 7242 Penn Ave N, Minneapolis, MN worth?

The TopHap Estimate for 7242 Penn Ave N, Minneapolis, MN is $242,351 as of Aug 30, 2026. The likely range is $212,617 to $272,085. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 7242 Penn Ave N, Minneapolis, MN last sell?

7242 Penn Ave N, Minneapolis, MN last sold on Oct 3, 2001 for $159,900, according to the county's recorded deed.

How big is 7242 Penn Ave N, Minneapolis, MN?

7242 Penn Ave N, Minneapolis, MN has 6 bedrooms, 2.8 bathrooms, 1,500 square feet of living space and a 0.29-acre lot.

When was 7242 Penn Ave N, Minneapolis, MN built?

7242 Penn Ave N, Minneapolis, MN was built in 1962, making it 64 years old. It is a ranch home. The building has 1 story.

What schools serve 7242 Penn Ave N, Minneapolis, MN?

7242 Penn Ave N, Minneapolis, MN is assigned to Evergreen Park Elementary School (elementary), rated D-; Champlin Park High School (high), rated B+; Jackson Middle School (middle), rated A. All sit in Anoka-Hennepin School District. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 7242 Penn Ave N, Minneapolis, MN compare to other homes in Minneapolis 55430?

Among the 6,358 homes in Minneapolis 55430, it is worth more than 77% of them ($242,351 against a typical $207,471), its price per square foot is higher than 28% of them ($162 against a typical $188), it is bigger than 87% of them (1,500 ft² against a typical 1,086 ft²), its lot is bigger than 89% of them (0.29 ac against a typical 0.22 ac) and it is newer than 72% of them (1962 against a typical 1955). Measured against all of Hennepin County, it is worth more than 28% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 7242 Penn Ave N, Minneapolis, MN?

The 2025 property tax bill for 7242 Penn Ave N, Minneapolis, MN was $5,228. The county assessed it at $377,100.

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