603 23RD Avenue SW, Rochester, MN 55902 (MLS# 7049727)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1900
Yearly/Seasonal: Yearly
Zoning: RESIDENTIAL-MULTI-FAMILY
Main Floor Total SqFt: 819
Above Ground SqFt: 1638
Below Grd Total SqFt: 1638
Total SqFt: 3276
Foundation Size: 819
Style: (MF) Duplex Up and Down
Total Finished Sqft: 1638.00
Lot Dimensions: 132X91
Acres: 10.99
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Common Laundry Facility; Deck; Porch Basement: Full Construction Materials: Frame Construction Status: Previously Owned Electric: 150 Amp Service; Circuit Breakers Existing Financing: Free and Clear; Lease Purchase Exterior: Vinyl Fencing: None Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Internet Options: Cable Laundry: Common Area; In Basement Lock Box Type: Supra Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Medium Owner Pays: All Utilities Pool Description: None Road Frontage: City Street; Paved Streets Road Responsibility: Public Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Trash Collection Topography: Rolling Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 300000
ListPrice: 300000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 603
Street Name: 23RD
Street Suffix: Avenue
Street Direction Suffix: SW
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55902
Complex/Dev/Subdivision: HILLCREST SUB

Assessments

Tax With Assessments: 3740
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 1638

More Information

Income and Expenses

Annual Electric Expense: 2182
Annual Fuel Expense: 2373
Annual Gross Expenses: 6385
Annual Gross Income: 31200
Annual Insurance Expense: 1813
Annual Net Income: 24815
Total Annual Expenses: 10108
Annual Caretaker Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Misc. Annual Income: 0

Lease Details

Land Leased: Not Applicable

Lock Box Type

Lock Box Source: SEMR
Supra: Yes

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 14
Section#: 4
Township#: 106

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 16200
Finished SqFt: 813
Full Baths: Yes
Monthly Expense: 421
Monthly Rent: 1350
No. of Units Like This: Yes
Oth Parking Spaces: 4
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit 2

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 2
Annual Rent: 15000
Finished SqFt: 813
Full Baths: Yes
Monthly Expense: 421
Monthly Rent: 1250
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 5

Unit Details

Total Units: 2

Office/Member Info

Association: SEMR

Location, Tax and Other Information

High School: Mayo
Legal Description: SECT-04 TWP-106 RANGE-014 HILLCREST SUB LOT-023 BEG AT A PT IN N LINE LOT 23 WH IS 139.3FT E OF NWCOR SD LOT TH E171.3FT TO CEN RD TH SWLY AL CEN RD 92.2FT TH W150.9FT TH N90FT TO BEG
Listing City: Rochester
Map Page: 999
Municipality: Rochester
School District: Rochester
School District Phone: 507-328-3000
Zip Plus 4: 970
Property ID Number: 640414042631
Tax Year: 2026
Tax Amount: 3740
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: FANTASTIC INVESTMENT OPPORTUNITY IN A CONVENIENT SOUTHWEST ROCHESTER LOCATION JUST MINUTES FROM MAYO CLINIC, SHOPPING, DINING, AND MAJOR ROADWAYS. THIS LICENSED DUPLEX OFFERS STRONG RENTAL POTENTIAL FOR BOTH OWNER-OCCUPANTS AND INVESTORS ALIKE. LIVING AREANGEMENTS. IDEAL FOR LONG-TERM RENTALS, TAVELING PT FESPROUD HACKINGS OR FLEXIBLE LIVING ARRANGEMENTS. IDEAL FOR LONG-TERM RENTALS OPPORTUNITIES. EXTENSIVE REPAIRS AND IMPROVEMENTS HAVE RECENTLY BEEN COMPLETED, WITH ADDITIONAL UPDATES CURRENTLY IN PROGRESS, OFFERING BUYERS ADDED VALUE AND CONTINUED PROPERTY DON'T MISS YOUR CHANCE TO OWN A MULTI-FAMILY PROPERTY IN A HIGHLY DESIRABLE RENTAL MARKET WITH CONSISTENT DEMAND.
Directions: FROM WEST 2ND STREET SW TURN LEFT (SOUTH) ON 23RD AVE, HOME NEAR TOP OF HILL ON RIGHT SIDE OF STREET.

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes
Deck: Yes
Porch: Yes

Basement

Full: Yes

Construction Materials

Frame: Yes

Construction Status

Previously Owned: Yes

Electric

150 Amp Service: Yes
Circuit Breakers: Yes

Existing Financing

Free and Clear: Yes
Lease Purchase: Yes

Exterior

Vinyl: Yes

Fencing

None: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Internet Options

Cable: Yes

Laundry

Common Area: Yes
In Basement: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Tree Coverage - Medium: Yes

Owner Pays

All Utilities: Yes

Patio, Porch and Deck Features

Covered: Yes
Porch: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Paved Streets: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Topography

Rolling: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Cable TV: Yes
Trash Collection: Yes