2303 22nd Avenue S, Minneapolis, MN 55404
MULTI_FAMILY - Minneapolis, MN
- Added:
- Jun 12, 2026
- Days on Market:
- 25
- Last Refresh:
- Jul 6 at 1:06 am
Property Features for 2303 22nd Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 3
- Bathrooms
- 2
- Rooms
- Bedroom 1, Bedroom 2, Bathroom 1, Bedroom 3, Basement, Bathroom 2
- Parking features
- Driveway
- Exterior features
- Vinyl
- Standard status
- Active
- APN
- 3602924210312
- Size
- 1,660 SF
- Lot size
- 0.07 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 5551
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
Listing agent Kari M Lundin (612) 998-8959
Listing office Keller Williams Realty Integrity 7401 Metro Blvd No. 350 Edina, Edina, MN (952) 938-6100
Listing date Jun 12, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Victorian‑era duplex built in 1900
- Brand‑new siding and vinyl exterior
- Forced air heating
- On‑site parking with driveway
- Shared basement with separate washers and dryers
Overview
The home is located at 2303 22nd Avenue S in Minneapolis, MN 55404 (Hennepin County). The setting is described as a quiet, tree-lined street, with access to downtown referenced as being only minutes away.
Designed for dual living or rental use, the duplex provides two separate units under one roof. Buyers seeking a residence alongside rental income may find the layout practical, with the shared basement kept to a functional baseline and laundry handled separately for each unit. The combination of on-site parking, newer exterior siding, and updated mechanicals supports day-to-day manageability for an owner-operator or an investor purchasing a residential income property.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $36.9k | $22.20 |
| − Vacancy | −$2.2k | −$1.33 |
| EGI | $34.6k | $20.87 |
| − OpEx | −$10.4k | −$6.26 |
| NOI | $24.3k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.240603
- Latitude
- 44.960061
