Located in sought-after Prospect Park, this mint-condition duplex offers three full levels of beautifully finished living space, plus expansion potential on the third floor. Perched on a hill, the home features a welcoming front porch and a back deck with unexpected scenic views. Meticulously maintained inside and out, the property showcases wood flooring throughout, updated kitchens and baths, formal living spaces with a gas fireplace, and charming sitting areas filled with character. The fully finished walk-out lower level includes a ¾ bath, kitchen, dining area, and living space—ideal for guests, extended family, or additional rental flexibility. Outside, enjoy the beautifully landscaped yard, spacious back deck, and covered patio area perfect for relaxing or entertaining. Conveniently located within walking and biking distance to University of Minnesota and the river, with easy access to the light rail, shops, restaurants, and everyday amenities.
Closed
$710,000
129 Melbourne Ave SE, Minneapolis, MN 55414
4beds
3baths
3,855sqft
Duplex Up and Down
Built in 1910
-- sqft lot
$709,900 Zestimate®
$184/sqft
$2,129 Estimated rent
Home value
$709,900
$660,000 - $760,000
$2,129/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Julie P Glass-Yares 612-790-8166,
Edina Realty, Inc.,
Michael Korby 612-281-0095
Bought with:
Caitlin Margaret McGuire
Keller Williams Realty Integrity Lakes
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7062730
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Boiler, Radiator
Appliances
- Laundry: Common Area, Electric Dryer Hookup, Gas Dryer Hookup, Lower Level, Laundry Room
Features
- Basement: Daylight,Egress Window(s),Finished,Full,Shared Access,Storage Space,Tile Shower,Walk-Out Access
Interior area
- Total structure area: 4,015
- Total interior livable area: 3,855 sqft
- Finished area above ground: 2,672
- Finished area below ground: 1,183
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage, Concrete
- Garage spaces: 2
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Covered, Enclosed, Porch
- Fencing: None
Lot
- Size: 8,276 Square Feet
- Dimensions: 65 x 130
- Features: Near Public Transit, Tree Coverage - Light
Details
- Foundation area: 1343
- Parcel number: 3002923430105
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Duplex Up and Down
Materials
- Frame
- Roof: Architectural Shingle,Pitched
Condition
- New construction: No
- Year built: 1910
Utilities & green energy
- Electric: Circuit Breakers
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Prospect Park Heights Add
HOA
- Amenities included: Laundry, Patio
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $184/sqft
- Tax assessed value: $587,100
- Annual tax amount: $11,150
- Date on market: 5/7/2026
- Cumulative days on market: 14 days
- Tenant pays: Electricity, Gas
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 7/16/2026 | Sold | $710,000+1.4%$184/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7062730 Report a problem | ||
| 5/22/2026 | Pending sale | $700,000$182/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7062730 Report a problem | ||
| 5/8/2026 | Listed for sale | $700,000$182/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7062730 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,541 +15.2% | $587,100 +1.6% |
| 2024 | $9,149 +11.4% | $578,000 +1% |
| 2023 | $8,211 -5.2% | $572,000 +12.2% |
| 2022 | $8,664 +11.8% | $510,000 |
| 2021 | $7,752 +2.5% | $510,000 +8.7% |
| 2020 | $7,561 -2.5% | $469,000 +11% |
| 2019 | $7,752 +2.5% | $422,500 |
| 2018 | $7,561 +8.7% | $422,500 +40.4% |
| 2017 | $6,958 +16.2% | $301,000 |
| 2016 | $5,988 -3% | $301,000 |
| 2015 | $6,175 -9.2% | $301,000 +15.8% |
| 2014 | $6,803 +17.1% | $260,000 +7% |
| 2013 | $5,810 -2.5% | $243,000 -5.1% |
| 2012 | $5,957 -10.2% | $256,000 -15% |
| 2011 | $6,637 +9.4% | $301,000 -9.7% |
| 2010 | $6,067 +8.8% | $333,500 -10% |
| 2009 | $5,579 +29.3% | $370,600 +30.5% |
| 2006 | $4,314 +16.5% | $284,000 +15% |
| 2005 | $3,703 +9.8% | $247,000 +16.8% |
| 2004 | $3,373 +14.8% | $211,400 +15.3% |
| 2002 | $2,938 -52.6% | $183,400 |
| 2001 | $6,199 | -- |
Find assessor info on the county website
Neighborhood: Prospect Park
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Nearby schools
GreatSchools rating
- 2/10Pratt Elementary SchoolGrades: PK-5Distance: 0.3 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 4 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 3.6 mi
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Estimated market value
$709,900
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Estimated market value
$709,900
- Minnesota
- Hennepin County
- Minneapolis
- 55414
- Prospect Park
- 129 Melbourne Ave SE
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