863 23rd Avenue SE, Minneapolis, MN 55414
- Added:
- Mar 2, 2026
- Days on Market:
- 120
- Last Refresh:
- Jun 30 at 4:06 am
Property Features for 863 23rd Avenue SE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 3
- Rooms
- Bedroom 5, Bedroom 4, Bedroom 3, Basement, Bedroom 2, Bathroom 2, Bathroom 3, Bedroom 1, Bathroom 1
- Parking features
- Garage - Detached
- Exterior features
- Shakes
- Standard status
- Pending
- APN
- 1902923240114
- Size
- 2,336 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7732
Utilities
- Heating system
- Gravity, Forced Air
Building Details
- Year built
- 1900
Listing agent Corey Brenner (612) 751-9303
Listing office eXp Realty 4525 White Bear Parkway Suite 122, White Bear Lake, MN (320) 500-4397
Listing date Mar 2, 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
- Multifamily home with 5 bedrooms and 3 bathrooms, plus basement
- Recent updates include new carpet, newer appliances, and updated electrical
- Heated with forced air and gravity systems
- Detached garage with additional outdoor features including fenced yard and newer deck
- Shingles/exterior shakes reported
- Near public transit, parks, and the University of Minnesota (per remarks)
Overview
Located at 863 23rd Avenue SE in Minneapolis (55414), the property is described as being near the University of Minnesota, local eateries, parks, and convenient public transit, according to the listing remarks. That mix of nearby services and transit access can support a range of tenant lifestyles and day-to-day convenience.
For buyers considering either investment or occupancy, the layout is positioned for flexible use, including renting both units or living in one unit while renting the other. Recent updates address common cost and turnover items, including flooring, appliances, and electrical, and the yard and deck provide additional usable outdoor space. If you’re looking for a duplex with multiple income/occupancy options and documented upgrades, this property is worth a closer look.
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 | $51.9k | $22.20 |
| − Vacancy | −$3.1k | −$1.33 |
| EGI | $48.8k | $20.87 |
| − OpEx | −$14.6k | −$6.26 |
| NOI | $34.1k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.220684
- Latitude
- 44.985497
