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$725,000

10 Beds 4 Baths 3,920 SQFT 0.12 Acres
Type: Multi-Family

857 23rd Avenue SE
Minneapolis, MN 55414

MLS#: 7160550
The Real Estate Advantage
Office: 952.224.8800
Presented by: eXp Realty

Property Description

 

Check out this beautifully updated duplex near the University of Minnesota! Featuring modern updates, stainless steel appliances, and impressive 12-foot vaulted ceilings in the upstairs bedrooms. This property offers a unique blend of character, style, and functionality. With its desirable location near campus, restaurants, coffee shops, and local amenities, it’s an excellent opportunity for investors looking for strong rental potential and the ability to cash flow. Whether you're expanding your investment portfolio or looking for an owner-occupant opportunity, this duplex is one you won’t want to miss!


 

Interior Features

Bedrooms

Total Bedrooms10

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area2,576 sqft
BasementBlock, Egress Window(s), Partial, Partially Finished, Storage Space, Sump Pump
Basement (Y/N)Yes
Below Grade Finished Area1,344 sqft
FuelNatural Gas
Laundry FeaturesIn Basement

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesPatio
CityMinneapolis
Construction MaterialsFrame
ContingencyNone
CountyHennepin
DirectionsFrom I-35W, take the University Avenue SE exit and follow local roads toward 23rd Avenue SE. The property is located near the University of Minnesota.
ElectricCircuit Breakers
Electric Expense0
Fuel Expense0
Garage Spaces0
Gross Income64800
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3,920 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income58800
New ConstructionNo
Number Of Units Total2
Operating Expense0
Pool FeaturesNone
PostalCityMinneapolis
Property SubtypeDuplex Side by Side
Property TypeResidential Income
RoofArchitectural Shingle
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameCole & Weeks Add
Tax Annual Amount$12,201
Tax Year2026
Tenant PaysAll Utilities
TopographyLevel
Trash Expense0
Water Sewer Expense0
Year Built1954
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total3,920 sqft
FencingChain Link
Foundation Area1,344 sqft
Lot Dimensions41 x 127
Lot FeaturesTree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesShared Driveway
Road Frontage TypeCity Street
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

$725,000

10 Beds 4 Baths 3,920 SQFT 0.12 Acres
Type: Multi-Family

857 23rd Avenue SE
Minneapolis, MN 55414

MLS#: 7160550
The Real Estate Advantage
Office: 952.224.8800