First time on the market in a quarter century! An incredible opportunity to purchase and develop this historic property in the heart of the thriving Marcy Holmes neighborhood. A huge historic duplex with an attic and lower level ready to add additional finished sq ft or potentially expand the existing building into the vacant side lot. Building is situated on an oversized corner lot zoned RM1 with a single PID#. New roof and exterior paint within the past 2 years. Property is also a candidate to develop a much larger structure. Property is winterized and commercial financing or cash is most likely required. As is addendum required.
Closed
$465,000
504 University Ave SE, Minneapolis, MN 55414
9beds
3baths
3,548sqft
Multi Family
Built in 1903
-- sqft lot
$467,000 Zestimate®
$131/sqft
$2,004 Estimated rent
Home value
$467,000
$430,000 - $509,000
$2,004/mo
Zestimate® history
Owner options
List your home for rent
$2,004/mo
Rent Zestimate®
Find your next renter with Zillow Rental Manager. Plus, with online applications, you can quickly screen prospective tenants – for free.
$2,004/mo
Rent Zestimate®
Refinance and save
$2,921/mo
Est. payment
Refinancing to a lower rate could help reduce your monthly payments and save thousands over the life of the loan.
$2,921/mo
Est. payment
Explore your selling options
Work with a Zillow partner agent
Leverage their expertise and Zillow's premium Showcase listings to get your home seen by more buyers.
Get startedList with your own agent
Get your home in front of millions of buyers by listing it on Zillow.
Learn how to do itSell it yourself
Take full control of how buyers see your home on Zillow by listing For Sale by Owner (FSBO).
List your homeWhat's special
Exterior paintHuge historic duplexNew roofLower levelOversized corner lotVacant side lot
Zillow last checked:
Listing updated:
Listed by:
Daniel R. Fowlds 651-428-7162,
Grand Realty, LLC
Bought with:
Eric Hermanson
Engel & Volkers Lake Minnetonka
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6804285
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 9
- Bathrooms: 3
Heating
- Hot Water
Appliances
- Laundry: In Basement
Features
- Basement: Full
Interior area
- Total structure area: 3,548
- Total interior livable area: 3,548 sqft
- Finished area above ground: 3,548
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Accessibility
- Accessibility features: None
Features
- Levels: More Than 2 Stories
- Patio & porch: Front Porch, Porch
Lot
- Size: 7,840 sqft
- Dimensions: 76 x 100
- Features: Near Public Transit, Corner Lot, Tree Coverage - Light
Details
- Foundation area: 1624
- Parcel number: 2302924410017
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Age 8 Years or Less,Asphalt,Pitched
Condition
- New construction: No
- Year built: 1903
Utilities & green energy
- Electric: Circuit Breakers, 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & neighborhood
Location
- Region: Minneapolis
- Subdivision: Saint Anthony Falls
Price history
| Date | Event | Price |
|---|---|---|
| 11/10/2025 | Sold | $465,000-6.9%$131/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6804285 Report a problem | ||
| 11/7/2025 | Pending sale | $499,500$141/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6804285 Report a problem | ||
| 10/14/2025 | Listed for sale | $499,500$141/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6804285 Report a problem | ||
| 10/10/2025 | Listing removed | $499,500$141/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6644963 Report a problem | ||
| 10/10/2025 | Price change | $499,500-9.2%$141/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6644963 Report a problem | ||
| 7/26/2025 | Price change | $549,850-8.3%$155/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6644963 Report a problem | ||
| 3/11/2025 | Price change | $599,850-7.7%$169/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6644963 Report a problem | ||
| 3/2/2025 | Price change | $650,000-7.1%$183/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6644963 Report a problem | ||
| 1/3/2025 | Listed for sale | $700,000+30.8%$197/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6644963 Report a problem | ||
| 6/17/2016 | Listing removed | $2,500+38.9%$1/sqft |
Source: Grand Realty Property Management Report a problem | ||
| 12/24/2015 | Listing removed | $1,800$1/sqft |
Source: Grand Realty Property Management Report a problem | ||
| 12/12/2015 | Listed for rent | $1,800-10%$1/sqft |
Source: Grand Realty Property Management Report a problem | ||
| 4/8/2014 | Listing removed | $2,000$1/sqft |
Source: 3A Realty Group, LLC Report a problem | ||
| 2/4/2014 | Listed for rent | $2,000$1/sqft |
Source: Grand Realty Property Management Report a problem | ||
| 1/11/2010 | Sold | $535,000+123.8%$151/sqft |
Source: Public Record Report a problem | ||
| 6/29/2000 | Sold | $239,000$67/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $10,159 +2.9% | $501,700 -9.9% |
| 2024 | $9,869 +13.7% | $557,000 -2.6% |
| 2023 | $8,678 -5.6% | $572,000 +6.1% |
| 2022 | $9,191 +6.7% | $539,000 -0.4% |
| 2021 | $8,610 -3% | $541,000 +2.7% |
| 2020 | $8,873 +3.1% | $527,000 +5% |
| 2019 | $8,610 -3% | $502,000 |
| 2018 | $8,873 +9.8% | $502,000 +22.9% |
| 2017 | $8,080 +5.5% | $408,500 +15.1% |
| 2016 | $7,656 +11.5% | $355,000 |
| 2015 | $6,865 -4.7% | $355,000 +15.1% |
| 2014 | $7,204 +6.3% | $308,500 |
| 2013 | $6,775 -7.4% | $308,500 -9.9% |
| 2012 | $7,320 -0.4% | $342,500 -5% |
| 2011 | $7,350 +14.6% | $360,500 |
| 2010 | $6,415 -12.9% | $360,500 -9.9% |
| 2009 | $7,369 +22.8% | $400,300 +42.9% |
| 2006 | $6,002 +6% | $280,200 +15% |
| 2005 | $5,665 +6.7% | $243,700 +18.7% |
| 2004 | $5,310 +6.7% | $205,300 +12.9% |
| 2002 | $4,978 -34.7% | $181,900 |
| 2001 | $7,620 | -- |
Find assessor info on the county website
Neighborhood: Marcy Holmes
Nearby schools
GreatSchools rating
- 2/10Webster ElementaryGrades: PK-5Distance: 0.8 mi
- 2/10Northeast Middle SchoolGrades: 6-8Distance: 2.7 mi
- 4/10Edison Senior High SchoolGrades: 9-12Distance: 1.7 mi
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$467,000
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$467,000
- Minnesota
- Hennepin County
- Minneapolis
- 55414
- Marcy Holmes
- 504 University Ave SE
Nearby cities
Nearby neighborhoods
Nearby zip codes
Other Minneapolis Topics
