Pending

500 University Avenue NE

Minneapolis MN, 55413

$514,900


$152.34 per sqft

Pending

3,380 sqft

Multi-family

Built in 1900

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.

6602923

MLS ID

September 19, 2024

Listed

October 2, 2024

Updated

Map

500 University Avenue NE
Minneapolis MN, 55413

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Boiler, Forced Air, Radiator(s)

Exterior/Building Features

Lot Size

0.25 Acres


Lot Features

Public Transit (w/in 6 blks), Corner Lot


Roof

Age 8 Years or Less, Architectural Shingle


Sewer

City Sewer/Connected

School Information

School District

Minneapolis

Other Property Details

Taxes

$10,126


Tax Frequency

Annually


Days on Market

11


Association Amenities

Common Laundry


Garage

Yes


Garage Spaces

3


Parking

Detached, Concrete


View

No


County

Hennepin


Water Source

City Water/Connected


Pool

No

Listing History

Date

Event

Price

9/30/2024

Pending

9/19/2024

Active

 

Courtesy of Keller Williams Integrity Realty

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Natasha Cejudo shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 1:06 AM UTC, 10/2/2024

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