Anand Prashad, Broker
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1523 22nd Avenue N, Minneapolis, MN 55411

$199,900
SQUARE FEET 2,316
MLS# 7108987
  • 1523 22nd Avenue N, Minneapolis, MN 55411 Main Photo

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Anand Prashad, Broker

Anand Prashad, Broker
Call: (612) 790-6080

STATUS: Contingent
PROPERTY TYPE: Multi Unit - Multiple
SUBDIVISION: Forest Heights
SCHOOL: Minneapolis

Property 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.

1523 22nd Avenue N | MLS# 7108987

This multi-family property located at 1523 22nd Avenue N, Minneapolis, MN 55411 is currently listed for sale with an asking price of $199,900. 22nd Avenue N is located within the Minneapolis school district. Search Minneapolis real estate on aprashad.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Unfinished
Basement: Yes
Heating: Forced Air
Lot Size: 0.16 Acres
Taxes: $4,304
Year Built: 1900

Feature Descriptions

Days on Site: 51
Foundation Size: 943
Lot Dimensions: 128x42x141x63
Owners Expense: Sewer, Trash Collection, Water
Parcel#: 1602924240038
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity, Gas
Units: 2
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: Algo Realty Inc
Agency Phone: 612-433-4555

Shown By

Agent Name: Anand Prashad, Broker
Agent Phone: (612) 790-6080
Agency Title: Counselor Realty

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Estimated Payment

$ 1,480.92 per month $1,063.95 Principal & Interest $358.67 Property Tax $58.30 Homeowner's Insurance

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