Minneapolis, MN 55411
$214,900
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.
Questions on 1523 22nd Avenue N, Minneapolis, MN 55411, or want to see it in person?
Listed by Grigoriy Gorshteyn, Algo Realty Inc