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$459,990

6 Beds 2 / 1 Full / Half Baths 2,614 SQFT 0.14 Acres
Type: Multi-Family

3200 23rd Avenue S
Minneapolis, MN 55407

MLS#: 7113586
The Real Estate Advantage
Office: 952.224.8800
Presented by: Bold North Real Estate LLC

Property Description

 

Motivated seller. Charming duplex in the heart of South Minneapolis' Corcoran neighborhood! This well-maintained property features a 2 bed, 1 bath main floor unit and a spacious 4 bed, 2 bath upper-level unit. The main floor unit offers an open, sun-filled layout with an updated kitchen, vinyl double-pane windows, hardwood floors, and a lovely porch. The upper unit spans two levels with either three bedrooms plus a den or four bedrooms, a full bath, a half bath, an updated kitchen, and a large porch of its own. The main floor unit is currently leased through May 31, 2027, offering built-in rental income from day one. The upper level unit will be vacant at the end of September, making it a great opportunity for an owner-occupant to move in while keeping the main floor's rental income flowing. Recent updates include a new roof, updated electrical panels, and refreshed kitchens and baths throughout. A detached two-stall garage and driveway provide ample parking. Located just minutes from highways, the light rail, and the shops, restaurants, and parks.


 

Interior Features

Bedrooms

Total Bedrooms6

Bathrooms

Total Baths3

Other Interior Features

Above Grade Finished Area2,614 sqft
BasementFull, Shared Access, Storage Space, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelElectric
Garage Square Feet360

General

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CountyHennepin
DirectionsCedar to 32nd Street, East to the corner of 32nd Street & 23rd Ave
Electric Expense412.32
Fuel Expense0
Garage Spaces2
Gross Income34804.79
HeatingBaseboard
High School DistrictMinneapolis
Insurance Expense4824
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area2,614 sqft
Lot Size UnitsAcres
MaintenanceExpense5438.62
Net Operating Income11083.1
New ConstructionNo
Number Of Units Total2
Operating Expense23722.69
PostalCityMinneapolis
Property SubtypeDuplex Up and Down
Property TypeResidential Income
RoofAge 8 Years or Less, Asphalt
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NamePerkins Add
Tax Annual Amount$8,210
Tax Year2026
Trash Expense0
Water Sewer Expense1292.31
Year Built1900
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,667 sqft
Foundation Area1,053 sqft
Lot Dimensions121x50
Lot Size Area0 sqft
Road ResponsibilityPublic Maintained Road
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$459,990

6 Beds 2 / 1 Full / Half Baths 2,614 SQFT 0.14 Acres
Type: Multi-Family

3200 23rd Avenue S
Minneapolis, MN 55407

MLS#: 7113586
The Real Estate Advantage
Office: 952.224.8800