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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: o New roof (2023) o Utilities, sheetrock, doors, furnace, electrical & plumbing updated in 2017 o Vinyl windows & vinyl siding o Very solid construction The 2-car garage has been partially converted into a 1-bedroom apartment, creating multiple options: o Owner-occupants can use it for extended family, guests, office/studio, or future rental income o Investors can continue operating it as an income-producing unit Income Details (Current Use): o Home is currently rented furnished, month-to-month o 5 bedrooms at $700/month each o Garage apartment at $800/month o 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 Details of 507 N 56th Avenue W

Property Details

Interior Features

Utilities and Appliances

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Listed by Jack Slattengren of LPT Realty,LLC (***)

Listings courtesy of Lake Superior Area REALTORS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of July 22, 2026 7:08 AM UTC. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end user license agreement.

 
 

 

 

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