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507 N 56th Ave WDuluth, MN 55807

St. Louis County

$229,900List price
5Beds
1Baths
1,600Sq Ft
1910Year built
0.07Acre lot
2Garage
2Stories
3 months agoOn market

Description

Solid 5-Bedroom Home + Income Potential | Central Location | FHA Eligible 507 N 56th Ave W., Duluth, MN Well-maintained 5 bedroom, 2 bath home in a highly central location, offering flexibility for both owner-occupants and investors. This property combines solid updates with strong income potential. Property Highlights: • New roof (2023) • Utilities, sheetrock, doors, furnace, electrical & plumbing updated in 2017 • Vinyl windows & vinyl siding • Very solid construction The 2-car garage has been partially converted into a 1-bedroom apartment, creating multiple options: • Owner-occupants can use it for extended family, guests, office/studio, or future rental income • Investors can continue operating it as an income-producing unit Income Details (Current Use): • Home is currently rented furnished, month-to-month • 5 bedrooms at $700/month each • Garage apartment at $800/month • Approx. $4,300/month gross income Whether you’re looking to live in the home with added income, house-hack, or purchase a cash-flowing investment, this property offers strong fundamentals and flexibility.

Property Information

Property type
Residential
Sub-type
Single Family Residence
Style
Traditional
Year built
1910
Stories
2
Living area
1,600 Sq Ft
Lot size
0.07 acres
Lot dimensions
25' x 125'
Garage spaces
2
Days on market
97
MLS® Listing#
6126873

Property Features

Interior
Master Downstairs
Heating
Forced Air · Natural Gas
Basement
Full
Parking
Detached
Sewer
Public Sewer
Water source
Public

Financial Details

HOA
None
Annual taxes
$3,525Tax year 2026
Parcel number
010-4510-05630

Directions

Corner of Central Ave and Grand Ave

Listing Courtesy: LPT Realty, LLC - ***

Listings courtesy of the Lake Superior Area REALTORS® MLS. All data is obtained from various sources and may not have been verified by . All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers' personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright © 2026 – Lake Superior Area REALTORS® MLS – All Rights Reserved.

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Connect with a Local Real Estate Expert

  • Jay Fermanich

    Broker of Record, Franchisee

    EXIT Northland Realty

  • Becky Hansen

    Sales Representative

    EXIT Northland Realty