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507 N 56th Ave W, Duluth, MN 55807

Local realty services provided by:CENTURY 21 Atwood
507 N 56th Ave W,Duluth, MN 55807
$249,900
  • 5 Beds
  • 2 Baths
  • 1,600 sq. ft.
  • Single family
  • Active
Listed by: emilie silker
Office: realty group llc. - forest lake
MLS#:6123325
Source:MN_DAAR

Price summary

  • Price:$249,900
  • Price per sq. ft.:$156.19

About this home

Strong Cash-Flowing Investment Property with Upside Potential Excellent opportunity to acquire a high-performing investment property currently operating as a furnished, month-to-month rental with a proven income history. The main home features 5 bedrooms, each rented individually at approximately $690/month, producing consistent demand and minimal vacancy. Tenants have been respectful and reliable, with typical turnover limited to one to two rooms per month, allowing for flexibility and rent optimization. The property has seen a lot of updates in recent years, including remodeled bathrooms, a remodeled kitchen, and a new roof, and replaced exterior and interior doors, in 2017 HVAC, plumbing, electrical, sheetrock and windows were also done. An ADU on the property is already generating income at $800/month, with clear upside for increased rents once completed. The ADU currently has electricity and water connected but was not fully or properly finished and will require a lot of

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Home facts

  • Year built:1910
  • Listing ID #:6123325
  • Added:1 day(s) ago
  • Updated:January 12, 2026 at 01:50 AM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:2
  • Full bathrooms:1
  • Living area:1,600 sq. ft.

Heating and cooling

  • Heating:Forced Air, Natural Gas

Structure and exterior

  • Year built:1910
  • Building area:1,600 sq. ft.
  • Lot area:0.07 Acres

Utilities

  • Water:City

Finances and disclosures

  • Price:$249,900
  • Price per sq. ft.:$156.19
  • Tax amount:$2,020 (2025)
2026, Lake Superior Area REALTORS, Inc.

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