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.
Closed
$515,000
500 University Ave NE, Minneapolis, MN 55413
6beds
2baths
3,380sqft
Multi Family
Built in 1900
-- sqft lot
$571,500 Zestimate®
$152/sqft
$1,981 Estimated rent
Home value
$571,500
$531,000 - $617,000
$1,981/mo
Zestimate® history
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Zillow last checked:
Listing updated:
Listed by:
Lisa Farwell 608-217-4585,
Keller Williams Realty Integrity Lakes
Bought with:
Michael D. Smith
Anderson Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6602923
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 2
Heating
- Boiler, Forced Air, Radiator
Appliances
- Laundry: In Basement, Sink
Features
- Basement: Daylight,Full,Shared Access,Unfinished
Interior area
- Total structure area: 3,380
- Total interior livable area: 3,380 sqft
- Finished area above ground: 3,380
- Finished area below ground: 0
Property
Parking
- Total spaces: 3
- Parking features: Detached Garage, Concrete
- Garage spaces: 3
- Details: Garage Dimensions (60x30)
Accessibility
- Accessibility features: None
Features
- Levels: More Than 2 Stories
- Patio & porch: Front Porch
- Pool features: None
- Fencing: None
Lot
- Size: 0.25 Acres
- Dimensions: 66 x 165
- Features: Near Public Transit, Corner Lot
- Topography: Level
Details
- Foundation area: 1690
- Parcel number: 1402924340099
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Foundation: Stone
- Roof: Age 8 Years or Less,Architectural Shingle
Condition
- New construction: No
- Year built: 1900
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service, Power Company: Xcel Energy
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Town Of St Anthony
HOA
- Amenities included: Laundry
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $152/sqft
- Tax assessed value: $545,800
- Annual tax amount: $10,126
- Date on market: 9/16/2024
- Cumulative days on market: 11 days
- Tenant pays: Electricity, Gas
Price history
| Date | Event | Price |
|---|---|---|
| 11/1/2024 | Sold | $515,000+0%$152/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6602923 Report a problem | ||
| 9/30/2024 | Pending sale | $514,900$152/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6602923 Report a problem | ||
| 9/19/2024 | Listed for sale | $514,900+57%$152/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6602923 Report a problem | ||
| 6/5/2018 | Sold | $328,000$97/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,515 -6% | $545,800 -11.1% |
| 2024 | $10,126 +7.5% | $614,000 -3% |
| 2023 | $9,419 +9.8% | $633,000 +8.2% |
| 2022 | $8,579 +1.7% | $585,000 +15.8% |
| 2021 | $8,437 -7.6% | $505,000 -2.2% |
| 2020 | $9,129 +8.2% | $516,500 |
| 2019 | $8,437 -7.6% | $516,500 +18.1% |
| 2018 | $9,129 +54.9% | $437,500 +31.6% |
| 2017 | $5,895 +17.4% | $332,500 +5.4% |
| 2016 | $5,022 +2.6% | $315,500 +14.9% |
| 2015 | $4,897 +11.2% | $274,500 +10% |
| 2014 | $4,404 +9.4% | $249,500 +5.1% |
| 2013 | $4,025 -3.3% | $237,500 -5% |
| 2012 | $4,162 -9.4% | $250,000 -11.2% |
| 2011 | $4,593 +15% | $281,500 |
| 2010 | $3,993 -20.4% | $281,500 -15% |
| 2009 | $5,019 +24.6% | $331,000 +20.1% |
| 2006 | $4,028 +12% | $275,600 +17.4% |
| 2005 | $3,595 +28.6% | $234,700 +25.8% |
| 2004 | $2,796 +22.8% | $186,600 +20.9% |
| 2002 | $2,278 -52.7% | $154,300 |
| 2001 | $4,814 | -- |
Find assessor info on the county website
Neighborhood: Saint Anthony West
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Nearby schools
GreatSchools rating
- 2/10Webster ElementaryGrades: PK-5Distance: 0.2 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 2.3 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 1.2 mi
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Estimated market value
$571,500
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Estimated market value
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- Minnesota
- Hennepin County
- Minneapolis
- 55413
- Saint Anthony West
- 500 University Ave NE
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