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First, do the prep work. You’ll want to peel and dice the potato, then dice the pepper and onion. Mince the garlic. Open the can of beans and rinse it well.
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Set the Instant Pot to Sauté mode. Heat the oil, then add the onions. Saute, stirring occasionally, until the onions are translucent, about 4 minutes.
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Next, all in the rest of the soup ingredients: Corn (it’s fine if they’re still frozen!), beans, garlic, tomatoes, spices, and broth! Cover and set to High Pressure for 12 minutes.
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Manually release the pressure by carefully turning the steam release valve (Quick Pressure Release/QPR). Once the steam has released, open the Instant Pot and give it a stir.
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Use a ladle to serve the soup in bowls. Top each bowl with a dollop of sour cream, cilantro leaves, diced avocado, and a squeeze of fresh lime juice. Season to taste with salt and pepper. For a little crunch, serve it with tortilla chips or enjoy it all on its own!