3204 South 23rd Avenue

Off Market

3204 South 23rd Avenue

Minneapolis MN 55407

4584 sq. ft.

0.14 ac.

Duplex

Last sold for $501,000

John Stiles, last sold this property on 16 July 2025 after 25 days on market.

Overview

Discover a rare opportunity to own a well-maintained 4-unit investment property that has been lovingly cared for by the same family since 1985. Tucked away on a quiet street in the sought-after Corcoran neighborhood, this property offers the charm of residential living with quick access to Lake Street shops, restaurants, and Light Rail transit. Each unit has seen thoughtful updates over the years, including: Four new water heaters (2020) Four new forced air furnaces (2020) Modernized kitchens and bathrooms in three of the four units In addition to its excellent condition, this property offers multiple value-add opportunities for the next owner in order to optimize rents. The property is also enrolled in the 4D Affordable Housing Incentive Program, providing significantly reduced property taxes through 2029 ? a major boost to your cash-flow. Whether you're looking to live in one unit and rent the others or add a reliable asset to your investment portfolio, this property delivers flexibility, future upside, and enduring neighborhood appeal.

Features

4584 sq. ft. floor area

0.14 ac. lot size

Duplex

Estimated Value

Based on this property and similar duplexes sold in Minneapolis over the last 12 months, the estimated median property value of 3204 South 23rd Avenue is $402.5k.

Median value

$402.5k

Estimated value range

$175k - $865k

Median days on market

Estimated value trend

increase over the last 12 months

Average days on market is based on recent, comparable sales in Minneapolis. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 3204 South 23rd Avenue

2025

Sold

$501,000

16 Jul 2025 by John Stiles, of WilliamRobert

Happy sellers in Minneapolis

95%

95% of sellers in Minneapolis reported that their sale price either exceeded or met their price expectations.

Minneapolis stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 4 reviews in Minneapolis over the last 12 months.

Local market activity for duplexes in Minneapolis

In the last 12 months, 53 duplexes similar to 3204 South 23rd Avenue, have been sold.

This represents a 4% increase in duplexes sales when compared to the previous 12 months.

Sold

For Sale

Interested in selling?

People are reaching out to these agents in Minneapolis for a market analysis.

Timothy Comes

at Compass

(108 reviews)

Get a market analysis

Kevin Burns

at Re/Max Results Apple Valley

(122 reviews)

Get a market analysis

Megan Johnson

at eXp Realty LLC

(16 reviews)

Get a market analysis

Nicole Haakenson

at Real Broker, LLC

(3 reviews)

Get a market analysis

Nearby agents

Compare and contact these top performing agents who’ve delivered exception customer service for their clients in Minneapolis

Timothy Comes

Sellers who recommend Timothy Comes have praised them for being local expert, clear communication, responsive, supportive, patient, honest, and friendly