507 N 56th Ave W Duluth, MN 55807
Cody NeighborhoodEstimated payment $1,568/month
About This Home
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.
Listing Agent
Jack Slattengren
LPT Realty, LLC Brokerage Phone: License #41047411 Listed on: 07/21/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $3,525
Year Built
- Built in 1910
Lot Details
- 3,049 Sq Ft Lot
- Lot Dimensions are 25' x 125'
Parking
- Detached Garage
Home Design
- Concrete Foundation
- Vinyl Construction Material
Interior Spaces
- 1,600 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 5 Bedrooms
Outdoor Features
- Public Water Access
Listing and Financial Details
- Assessor Parcel Number 010-4510-05630
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $3,374 | $187,400 | $8,600 | $178,800 |
| 2023 | $2,586 | $182,200 | $8,100 | $174,100 |
| 2022 | $2,316 | $215,700 | $7,800 | $207,900 |
| 2021 | $2,272 | $159,900 | $5,900 | $154,000 |
| 2020 | $2,082 | $159,900 | $5,900 | $154,000 |
| 2019 | $2,222 | $145,700 | $5,300 | $140,400 |
| 2018 | $1,460 | $133,800 | $5,300 | $128,500 |
| 2017 | $2,250 | $93,500 | $7,300 | $86,200 |
| 2016 | $2,038 | $80,600 | $65,400 | $15,200 |
| 2015 | $2,504 | $93,500 | $7,300 | $86,200 |
| 2014 | $2,504 | $93,500 | $7,300 | $86,200 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 07/21/2026 07/21/26 | For Sale | $234,500 | 0.0% | $147 / Sq Ft |
| 11/04/2024 11/04/24 | Off Market | $690 | -- | -- |
| 10/25/2024 10/25/24 | For Rent | $690 | 0.0% | -- |
| 10/08/2024 10/08/24 | Off Market | $690 | -- | -- |
| 10/02/2024 10/02/24 | For Rent | $690 | -- | -- |
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $135,200 | Title Team-North Shore Title | |
| Warranty Deed | $110,000 | Pioneer Title | |
| Land Contract | $110,000 | Pioneer Abstract & Title |
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $215,000 | Construction | |
| Closed | $182,919 | Credit Line Revolving | |
| Closed | $20,000 | New Conventional | |
| Closed | $150,000 | Construction |
Source: Lake Superior Area REALTORS®
MLS Number: 6126873
APN: 010451005630
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Ask me questions while you tour the home.