3204 23rd Ave S Minneapolis, MN 55407

Listing details for 3204 23rd Ave S, Minneapolis, MN 55407 : 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.