Minneapolis, MN 55407,3204 23rd AVE S
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Minneapolis, MN 55407,3204 23rd AVE S
Minneapolis, MN 55407,3204 23rd AVE S
Minneapolis, MN 55407,3204 23rd AVE S
Minneapolis, MN 55407,3204 23rd AVE S

$501,000

Est. payment /mo

$495,900

1.0%
Est.Price: ?

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3204 23rd AVE S Minneapolis, MN 55407

3,056 SqFt

SOLD DATE : 07/16/2025

Key Details

Sold Price $501,000

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Sold

Purchase Type For Sale

Square Footage 3,056 sqft

Price per Sqft $163

Subdivision Perkins Add

MLS Listing ID 6723443

Sold Date 07/16/25

Year Built 1912

Annual Tax Amount $1,941

Tax Year 2025

Contingent None

Lot Size 6,098 Sqft

Acres 0.14

Lot Dimensions 50x122

Property Sub-Type Quadruplex

Property Description

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.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Full, Storage Space, Unfinished

Interior

Heating Forced Air

Fireplace No

Exterior

Fence Chain Link

Roof Type Flat,Rubber

Building

Story Two

Foundation 1528

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

Structure Type Stucco

New Construction false

Schools

School District Minneapolis

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Listed by John Stiles • First Select
agent

Rachel Dahlheimer

Advisor | License ID: 506013296

+1(763) 498-1542

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