3200 23rd Avenue S, Minneapolis, MN 55407

New Listing
$474,990
Property Type: Multi-Family Bedrooms: 6 Baths: 3 Square Footage: 3,667 Lot Size (sq. ft.): 6,098 Status: Coming Soon
Current Price: $474,990 List Date: 7/22/2026 Last Modified: 7/22/2026

Overview

Description

Charming duplex in the heart of South Minneapolis' Corcoran neighborhood! This well-maintained property features a 2 bed, 1 bath main floor unit and a spacious 4 bed, 2 bath upper-level unit. The main floor unit offers an open, sun-filled layout with an updated kitchen, vinyl double-pane windows, hardwood floors, and a lovely porch. The upper unit spans two levels with either three bedrooms plus a den or four bedrooms, a full bath, a half bath, an updated kitchen, and a large porch of its own. The main floor unit is currently leased through May 31, 2027, offering built-in rental income from day one. The upper level unit will be vacant at the end of September, making it a great opportunity for an owner-occupant to move in while keeping the main floor's rental income flowing. Recent updates include a new roof, updated electrical panels, and refreshed kitchens and baths throughout. A detached two-stall garage and driveway provide ample parking. Located just minutes from highways, the ligh ...

Listing Details MLS# 7113586

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1900
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Main Floor Total SqFt
1053
Above Ground SqFt
2614
Below Grd Total SqFt
1053
Total SqFt
3667
Foundation Size
1053
Style
(MF) Duplex Up and Down
Total Finished Sqft
2614.00
Garage Stalls
2
Lot Dimensions
121x50
Acres
0.14
Assessment Pending
Yes

Property Features

Accessible: None Assumable Loan: Not Assumable Basement: Full; Shared Access; Storage Space; Unfinished Construction Status: Previously Owned Exterior: Metal; Stucco; Wood Foundation: Brick/Mortar Fuel: Electric Heating: Baseboard Lock Box Type: Combo Rental License Type: Standard Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
474990
ListPrice
474990
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
3200
Street Name
23rd
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55407
Complex/Dev/Subdivision
Perkins Add

Assessments

Assessment Balance
266.92
Tax With Assessments
8497

Building Information

Finished SqFt Above Ground
2614

More Information

Income and Expenses

Annual Electric Expense
412.32
Annual Gross Expenses
23722.69
Annual Gross Income
34804.79
Annual Insurance Expense
4824
Annual Maintenance Expense
5438.62
Annual Net Income
11083.1
Annual Repair Expense
1357.4
Annual Water/Sewer Expense
1292.31
Total Annual Expenses
23722.69
Annual Caretaker Expense
0
Annual Fuel Expense
0
Annual Trash Expense
0

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
360

Public Survey Info

Range#
24
Section#
01
Township#
28

Unit 1

Furnished?
No
Lease Expiration Date
2027-05-31
Leased?
Yes
Level
Main Level
Unit Number
Yes
3/4 Baths
Yes
Annual Rent
14940
Finished SqFt
1053
Monthly Rent
1245
No. of Units Like This
Yes
Total Baths
Yes
Total Bedrooms
2
Total Rooms
8

Unit 2

Furnished?
No
Lease Expiration Date
2026-09-30
Leased?
Yes
Level
2nd Level
Unit Number
2
1/2 Baths
Yes
Annual Rent
18600
Finished SqFt
1561
Full Baths
Yes
Monthly Rent
1550
No. of Units Like This
Yes
Total Baths
2
Total Bedrooms
4
Total Rooms
10

Unit Details

Total Units
2

Office/Member Info

Association
MAAR

Location, Tax and Other Information

Legal Description
LOT 001 BLOCK 001 PERKINS ADDN TO MPLS E 122 FT
Listing City
Minneapolis
Map Page
106
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Zip Plus 4
6667
Property ID Number
0102824240055
Tax Year
2026
Tax Amount
8210
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Charming duplex in the heart of South Minneapolis' Corcoran neighborhood! This well-maintained property features a 2 bed, 1 bath main floor unit and a spacious 4 bed, 2 bath upper-level unit. The main floor unit offers an open, sun-filled layout with an updated kitchen, vinyl double-pane windows, hardwood floors, and a lovely porch. The upper unit spans two levels with either three bedrooms plus a den or four bedrooms, a full bath, a half bath, an updated kitchen, and a large porch of its own. The main floor unit is currently leased through May 31, 2027, offering built-in rental income from day one. The upper level unit will be vacant at the end of September, making it a great opportunity for an owner-occupant to move in while keeping the main floor's rental income flowing. Recent updates include a new roof, updated electrical panels, and refreshed kitchens and baths throughout. A detached two-stall garage and driveway provide ample parking. Located just minutes from highways, the light rail, and the shops, restaurants, and parks.
Directions
Cedar to 32nd Street, East to the corner of 32nd Street & 23rd Ave

Accessible

None
Yes

Assumable Loan

Not Assumable
Yes

Basement

Full
Yes
Shared Access
Yes
Storage Space
Yes
Unfinished
Yes

Construction Status

Previously Owned
Yes

Exterior

Metal
Yes
Stucco
Yes
Wood
Yes

Foundation

Brick/Mortar
Yes

Fuel

Electric
Yes

Heating

Baseboard
Yes

Lock Box Type

Combo
Yes

Patio, Porch and Deck Features

Porch
Yes

Rental License Type

Standard
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Age 8 Years or Less
Yes
Asphalt Shingles
Yes

Sellers Terms

Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Water

City Water/Connected
Yes
IDX
Listing Office: Bold North Real Estate LLC
Last Updated: July - 22 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.