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.
For sale
$234,500
507 N 56th Ave W, Duluth, MN 55807
5beds
1,600sqft
Single Family Residence
Built in 1910
3,049 Square Feet Lot
$228,200 Zestimate®
$147/sqft
$-- HOA
What's special
- 39 days
- 630
- 39
Zillow last checked:
Listing updated:
Listed by:
Jack H Slattengren 218-349-3585,
LPT Realty, LLC
Source: Lake Superior Area Realtors as distributed by MLS GRID,MLS#: 6126873
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 2
- Full bathrooms: 1
- 3/4 bathrooms: 1
Heating
- Forced Air, Natural Gas
Features
- Basement: Full
- Has fireplace: No
Interior area
- Total interior livable area: 1,600 sqft
- Finished area above ground: 1,600
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached
- Garage spaces: 2
Lot
- Size: 3,049 Square Feet
- Dimensions: 25' x 125'
Details
- Foundation area: 800
- Parcel number: 010451005630
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Traditional
- Property subtype: Single Family Residence
Materials
- Vinyl, Frame/Wood
- Foundation: Concrete Perimeter
Condition
- Previously Owned
- Year built: 1910
Utilities & green energy
- Electric: Minnesota Power
- Sewer: Public Sewer
- Water: Public
Community & HOA
HOA
- Has HOA: No
Location
- Region: Duluth
Financial & listing details
- Price per square foot: $147/sqft
- Tax assessed value: $187,400
- Annual tax amount: $3,525
- Date on market: 7/21/2026
- Cumulative days on market: 11 days
Estimated market value
$228,200
$217,000 - $240,000
$2,308/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/21/2026 | Listed for sale | $234,500+2%$147/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #6126873 Report a problem | ||
| 2/24/2026 | Listing removed | $229,900$144/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123625 Report a problem | ||
| 2/12/2026 | Listed for sale | $229,900-2.1%$144/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123624 Report a problem | ||
| 2/12/2026 | Listing removed | $234,900$147/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123325 Report a problem | ||
| 2/9/2026 | Price change | $234,900-2.1%$147/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123373 Report a problem | ||
| 1/27/2026 | Price change | $239,900-2%$150/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123373 Report a problem | ||
| 1/16/2026 | Price change | $244,900-2%$153/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123325 Report a problem | ||
| 1/11/2026 | Listed for sale | $249,900+84.8%$156/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6123325 Report a problem | ||
| 10/5/2022 | Sold | $135,200-20.5%$85/sqft |
Source: Public Record Report a problem | ||
| 10/29/2021 | Listing removed | -- |
Source:  Edina Realty Report a problem | ||
| 10/14/2021 | Price change | $170,000-1.2%$106/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6098847 Report a problem | ||
| 9/3/2021 | Price change | $172,000-4.4%$108/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #6098847 Report a problem | ||
| 7/21/2021 | Price change | $180,000-5.3%$113/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #5728614 Report a problem | ||
| 7/14/2021 | Listed for sale | $190,000+72.7%$119/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5728614 Report a problem | ||
| 6/10/2021 | Sold | $110,000$69/sqft |
Source: Public Record Report a problem | ||
| 9/28/2017 | Sold | $110,000$69/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2024 | $2,590 -13.9% | $187,400 +2.9% |
| 2023 | $3,008 +29.9% | $182,200 -15.5% |
| 2022 | $2,316 +11.2% | $215,700 +34.9% |
| 2021 | $2,082 | $159,900 +9.7% |
| 2020 | $2,082 | $145,700 |
| 2019 | $2,082 +42.6% | $145,700 +55.8% |
| 2018 | $1,460 -34.3% | $93,500 |
| 2017 | $2,222 +52.2% | $93,500 +16% |
| 2016 | $1,460 -35.1% | $80,600 -13.8% |
| 2015 | $2,250 +10.4% | $93,500 |
| 2014 | $2,038 +21.1% | $93,500 +33.8% |
| 2013 | $1,683 +61.1% | $69,900 -4% |
| 2012 | $1,045 -39.1% | $72,800 -4.6% |
| 2011 | $1,716 +44.9% | $76,300 -5% |
| 2010 | $1,184 | $80,300 |
| 2009 | $1,184 +17.7% | $80,300 -3% |
| 2008 | $1,006 +17.8% | $82,800 +11.3% |
| 2007 | $854 +15.3% | $74,400 +15% |
| 2006 | $740 +15% | $64,700 +33.7% |
| 2004 | $644 +10.6% | $48,400 +12.3% |
| 2003 | $582 +4.3% | $43,100 +9.9% |
| 2002 | $558 -12.9% | $39,200 +8.6% |
| 2001 | $641 +6.6% | $36,100 +8.4% |
| 2000 | $602 | $33,300 |
Find assessor info on the county website
Monthly payment
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Neighborhood: Spirit Valley
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