Awesome opportunity to own very nice up and down duplex in prime Northeast Minneapolis location, steps from Minari and the Pikok Lounge. Identical 2-bedroom 1 bath units. Updated kitchens with sunny south facing windows, vintage baths and freshly painted. Large, open, living/dining area with oak hardwood floors, natural woodwork, plaster walls and coved ceilings. Full basement is partially finished with wood paneling, built ins, shared laundry and additional storage. Home is situated on an oversized lot with a detached 2-car garage, parking for an additional six or more cars and a common fenced-in west facing backyard. Terrific for both investors and owner-occupants. Home shows well, is easy to rent. Steps from 13th Avenue NE, and walking distance to dozens of bars, restaurants and galleries. Convenient for bus and bike. Easy access to 35W and 94. Minutes to U of M and downtown Minneapolis. LOCATION.
Closed
Zestimate®
$429,000
1216 University Ave NE, Minneapolis, MN 55413
4beds
2baths
3,372sqft
Duplex Up and Down
Built in 1930
-- sqft lot
$429,000 Zestimate®
$127/sqft
$2,174 Estimated rent
Home value
$429,000
$399,000 - $463,000
$2,174/mo
Zestimate® history
Owner options
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$2,174/mo
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$2,713/mo
Est. payment
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$2,713/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Timothy C Mershon 612-379-3377,
Northeast Realty LLC
Bought with:
Timothy C Mershon
Northeast Realty LLC
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7038161
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 2
Heating
- Boiler
Appliances
- Laundry: In Basement
Features
- Basement: Full,Partially Finished,Shared Access
Interior area
- Total structure area: 3,372
- Total interior livable area: 3,372 sqft
- Finished area above ground: 2,248
- Finished area below ground: 0
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Asphalt, Parking Lot, Open
- Garage spaces: 2
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Side Porch
- Fencing: Chain Link,Wood
Lot
- Size: 8,276 Square Feet
- Dimensions: 71 x 132
- Features: Irregular Lot
Details
- Foundation area: 1124
- Parcel number: 1402924230184
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Up and Down
Condition
- New construction: No
- Year built: 1930
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Marshalls Add To St Anthony
HOA
- Amenities included: Laundry, Common Garden
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $127/sqft
- Tax assessed value: $418,200
- Annual tax amount: $7,934
- Date on market: 3/19/2026
- Cumulative days on market: 7 days
- Tenant pays: Broadband, Cable TV, Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Sold | $429,000-2.3%$127/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7038161 Report a problem | ||
| 4/3/2026 | Pending sale | $439,000$130/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7038161 Report a problem | ||
| 3/27/2026 | Listed for sale | $439,000+54%$130/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7038161 Report a problem | ||
| 8/31/2015 | Sold | $285,000$85/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4641245 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $7,934 +18.1% | $418,200 -3.9% |
| 2024 | $6,718 -3.6% | $435,000 +3.6% |
| 2023 | $6,972 +10.9% | $420,000 -3% |
| 2022 | $6,285 +4.1% | $433,000 +17% |
| 2021 | $6,037 -3.9% | $370,000 +0.1% |
| 2020 | $6,284 +4.1% | $369,500 +3.9% |
| 2019 | $6,037 -3.9% | $355,500 +12% |
| 2018 | $6,284 +19.8% | $317,500 +26.2% |
| 2017 | $5,244 +11.2% | $251,500 +10.8% |
| 2016 | $4,714 +7.4% | $227,000 +14.9% |
| 2015 | $4,390 +9.5% | $197,500 +10% |
| 2014 | $4,008 +6.7% | $179,500 +5% |
| 2013 | $3,756 -5% | $171,000 -7.6% |
| 2012 | $3,955 -10.8% | $185,000 -14.9% |
| 2011 | $4,435 +14.6% | $217,500 |
| 2010 | $3,871 -0.6% | $217,500 -20% |
| 2009 | $3,895 +43.4% | $272,000 +33.4% |
| 2006 | $2,716 +15.8% | $203,900 +19.2% |
| 2005 | $2,346 +18% | $171,100 +23.1% |
| 2004 | $1,988 +18.7% | $139,000 +17.8% |
| 2002 | $1,675 -51.8% | $118,000 |
| 2001 | $3,472 | -- |
Find assessor info on the county website
Neighborhood: Sheridan
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Nearby schools
GreatSchools rating
- 2/10Pillsbury Elementary SchoolGrades: PK-5Distance: 1.6 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 2 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 0.8 mi
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Estimated market value
$429,000
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Estimated market value
$429,000
- Minnesota
- Hennepin County
- Minneapolis
- 55413
- Sheridan
- 1216 University Ave NE
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