SoldJul 16, 2025

Listed by John Stiles

Bought with Melissa Clawson

Source: Regional MLS of Minnesota #6723443

3204 South 23rd Avenue, Minneapolis, MN, 55407

$501,000

4584 sq. ft.
0.14 ac.

Duplex

24 days on the market

Sold: Jul 16, 2025

What's around 3204 South 23rd Avenue

About this property

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.

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