603 23rd Avenue SW Rochester, MN 55902
For Sale MLS# 7049727
4 beds 2 baths 1,638 sq ft Multi-family
Details for 603 23rd Avenue SW
MLS# 7049727
Description for 603 23rd Avenue SW, Rochester, MN, 55902
Fantastic investment opportunity in a convenient southwest Rochester location just minutes from Mayo Clinic, shopping, dining, and major roadways. This licensed duplex (renewal in progress) offers strong rental potential for both owner-occupants and investors alike.This property features two separate units with central air conditioning and new appliances, providing excellent income-producing possibilities or flexible living arrangements. Ideal for long-term rentals, traveling professionals, or housed-hacking opportunities. Extensive repairs and improvements have recently been completed, with additional updates currently in progress, offering buyers added value and continued propertyDon't miss your chance to own a multi-family property in a highly desirable rental market with consistent demand.
Listing Information
Property Type: Multi-family, Duplex Up and Down
Status: Active
Bedrooms: 4
Bathrooms: 2
Lot Size: 0.11 Acres
Square Feet: 1,638 sq ft
Year Built: 1900
Foundation: 819 sq ft
Stories: 2 Stories
Subdivision: Hillcrest Sub
Number Of Units Total: 2
County: Olmsted
Days On Market: 24
Construction Status: Previously Owned
School Information
District: 535 - Rochester
Elementary: Folwell
Middle: John Adams
High: Mayo
Additonal Room Information
Laundry: In Basement, Common Area
Interior Features
Square Footage above: 1,638 sq ft
Basement: Full
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Heating: Forced Air, Natural Gas
Exterior / Lot Features
Open Parking: 4
Parking Description: Garage Sq Ft - 0.00
Exterior: Vinyl
Roof: Age 8 Years or Less, Asphalt Shingles
Lot Dimensions: 132x91
Zoning: Residential-Multi-Family
Topography: Rolling
Additional Exterior/Lot Features: Tree Coverage - Medium, Public Transit (w/in 6 blks), Road Frontage - Paved Streets, City
Community Features
Association Amenities: Common Laundry Facility, Deck, Porch
Unit Information
Unit 1 Units Total: 1
Unit 1 Actual Rent: 1350
Unit 1 Baths Total: 1
Unit 1 Beds Total: 2
Unit 1 Rooms Total: 5
Unit 2 Units Total: 1
Unit 2 Actual Rent: 1250
Unit 2 Baths Total: 1
Unit 2 Beds Total: 2
Unit 2 Rooms Total: 5
Driving Directions
From west 2nd Street SW turn left (South) on 23rd Ave, home near top of hill on right side of street.
Financial Considerations
Tenant Pays: Cable T.V.,Trash
Owner Pays: All Utilities
Gross Income: 31200
Expense: 10108
Tax/Property ID: 640414042631
Tax Amount: 3740
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Keller Williams Premier Realty
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
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Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 603 23rd Avenue SW
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 603 23rd Avenue SW
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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