500 UNIVERSITY AVENUE

500 University Avenue, Minneapolis, 55413, MN

DETAILS

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.

INTERIOR

  • Bedrooms: N/A

  • Fin ft² / Living Area: 3380 ft²

  • Below Ground Living: N/A

  • Bathrooms: N/A

  • Above Ground Living: 3380ft²

  • Basement Details: Daylight/Lookout Windows, Full, Shared Access, Stone/Rock, Unfinished,

  • Appliances Included:

EXTERIOR

  • Air Conditioning: N/A

  • Garage Spaces: 3

  • Construction Materials: N/A

  • Foundation Size: 1690ft²

  • Unit Amenities:

  • Heating System:

    • Forced Air
    • Boiler
    • Radiator(s)

LOT

  • Acres: N/A

  • Lot Size Dim.: 66 X 165

  • Longitude: 44.9936

  • Latitude: -93.2608

  • Zoning: Residential-Multi-Family

FINANCIAL & TAXES

  • Tax year: 2024

  • Tax annual amount: $10,126

MISCELLANEOUS

  • Fuel System: N/A

  • Sewer System: City Sewer/Connected

  • Water System: City Water/Connected

ADITIONAL INFORMATION

  • MLS#: NST7649781

  • Listing Brokerage: Keller Williams Integrity Realty Agency Icon

ID: 3418797
Published: September 19, 2024
Last Update: September 19, 2024
Views: 1