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500 University AVE NE Minneapolis, MN 55413
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Key Details
Sold Price $515,000
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Sold
Purchase Type For Sale
Square Footage 3,380 sqft
Price per Sqft $152
Subdivision Town Of St Anthony
MLS Listing ID 6602923
Sold Date 11/01/24
Year Built 1900
Annual Tax Amount $10,126
Tax Year 2024
Contingent None
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 66 X 165
Property Description
Prime location just two blocks from the river and one block from the Northeast Farmer’s Market, this updated Victorian duplex offers spacious living on a rare double lot—a full quarter acre in the city. Featuring beautiful inlaid track hardwood floors, the home includes a traditional fireplace with an ornate hearth, millwork, and artful tile details. Both units provide large conditioned sunrooms, 3-season porches, and abundant storage with walk-in kitchen pantries and multiple built-ins. Unit 2 enjoys a private balcony. Major updates include electrical, an architectural shingle roof (2018), a high-efficiency boiler (2021), and a forced air furnace (2018). The oversized 3+ stall garage and expansive cement driveway offer plenty of guest parking. Energy-efficient improvements like 3.5” blow-in wall insulation and maintenance-free vinyl siding with aluminum-wrapped windows enhance comfort and value. Zoned for easy redevelopment, the property offers value-add potential: convert the second-story living room into a 4th bedroom or finish the attic for a 3rd unit or additional bedrooms in Unit 2. Whether as a high-performing rental or a long-term home, this vintage charmer combines a prime location, expansive lot, and generous living spaces for exceptional value.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Daylight/Lookout Windows, Full, Shared Access, Stone/Rock, Unfinished
Interior
Heating Boiler, Forced Air, Radiator(s)
Fireplace No
Exterior
Garage Detached, Concrete
Garage Spaces 3.0
Fence None
Roof Type Age 8 Years or Less,Architectural Shingle
Building
Lot Description Public Transit (w/in 6 blks), Corner Lot
Story More Than 2 Stories
Foundation 1690
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
Structure Type Vinyl Siding
New Construction false
Schools
School District Minneapolis
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