Minneapolis, MN 55413,500 University AVE NE
Minneapolis, MN 55413,500 University AVE NE
Minneapolis, MN 55413,500 University AVE NE
38
$515,000
$514,900
Est.Price: ?

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3,380 SqFt

500 University AVE NE Minneapolis, MN 55413

Est. payment /mo
SOLD DATE : 11/01/2024

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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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Listed by Lisa Farwell • Keller Williams Integrity Realty

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Chad Bulloch

Founder / Realtor

+1(678) 878-0060

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