1523 22nd Avenue N, Minneapolis, MN 55411

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.