$514,900
Pending
33 Days Online
6 Beds2 Baths3,380 SQFT
Pending

500 University Avenue Minneapolis, MN 55413

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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.

  • Property TypeMulti-Family
  • NeighborhoodTown of St Anthony
  • CountyHennepin
  • Taxes$10,126
  • HOA/Condo/Coop Fees$0
  • Days on Site33 Days
  • MLS StatusPending
  • MLS ID Number6602923
  • Home Size Source N/A
  • Year Built1900
  • Lot Size0.25 Acres
  • Full Baths2
  • Partial BathsN/A

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General Features

  • Construction Vinyl Siding
  • Parking DetachedConcrete
  • Electric Circuit Breakers200+ Amp Service
  • Basement Daylight/ Lookout WindowsFullShared AccessStone/ RockUnfinished
  • Zoning Residential-Multi-Family
  • Property Sub Type Duplex
  • Garage Spaces 3
  • Contingency None
  • Sewer City Sewer/ Connected
  • Water City Water/ Connected
  • Lot Features Public Transit (w/in 6 blks)Corner Lot

Interior Features

  • Heating BoilerForced AirRadiator(s)

Exterior Features

  • Fencing None
  • Lot Public Transit (w/in 6 blks)Corner Lot
  • Roof Age 8 Years or LessArchitectural Shingle
  • Construction Details Vinyl Siding

Community Features

  • Association Amenities Common Laundry

Schools

School District
Minneapolis
Elementary School
Unknown
Middle School
Unknown
High School
Unknown

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Monthly Payment (Est.)

$2,587
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