Property Listing
Description
Excellent investment opportunity in the Jordan neighborhood of North Minneapolis! This well-maintained duplex offers strong income potential with flexibility for both investors and owner-occupants. The upper unit features 3 bedrooms and 1 bathroom, has been freshly turned with fresh paint and updates, and is move-in ready for a new tenant or owner-occupant. Previously rented for $1,795/month, it offers immediate income potential with no waiting for turnover. The main level unit is currently leased on a month-to-month basis at $1,375/month, providing immediate cash flow while offering future flexibility with a 60-day notice period. With one unit ready for occupancy and the other producing income, this property is well suited for an owner-occupant looking to offset their mortgage or an investor seeking a straightforward addition to their portfolio. Enjoy a convenient location near North Commons Park, Theodore Wirth Park, the Mississippi River, West Broadway's restaurants and neighborhood businesses, Downtown Minneapolis, and the University of Minnesota. Easy access to I-94 and Highway 55 makes commuting throughout the Twin Cities simple. Whether you're expanding your investment portfolio or looking for an owner-occupied opportunity, this duplex offers immediate cash flow, future flexibility, and a turnkey upper unit ready for its next occupant.
Property Information
Status: Active
Sub Type: ********
List Price: $219,900
MLS#: 7108987
Current Price: $219,900
Address: 1523 22nd Avenue N, Minneapolis, MN 55411
City: Minneapolis
State: MN
Postal Code: 55411
Geo Lat: 45.001458
Geo Lon: -93.300004
Subdivision: Forest Heights
County: Hennepin
Property Description
Year Built: 1900
Lot Size SqFt: 6969.6
Gen Tax: 4304
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: 1886
Below Grade Finished Area: 0
Below Grade Unfinished Area:
Total SqFt.: 2316
Style: Array
Total Bedrooms: 5
Total Bathrooms: 2
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
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Inclusions: ********
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