$5,700 Closing Credit¹
#6680574, Listing office: LPT Realty, LLC
$599,850 List price
504 University Ave SE Minneapolis, MN 55414
$7,123
Closing credit¹
3,548 sqft
$169 / sqft
Multi-Family
Property details
About 504 University Ave SE
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.
Highlights
Home typeDuplex
HeatingHot Water
StatusActive
Size3,548 sqft
BasementYes
Year built1903
ParkingParking Lot
MLS #6644963
Summary
- Basement: Yes
- Attached Garage: No
- Parking: Parking Lot
- Heating: Hot Water
- List Price: $599,850
- Price/SqFt: $169
- Annual Tax Amount: $9,869
- Tax Year: 2023
- Lot: Corner Lot, Few Trees
- Directions: University Ave to property
- Year Built: 1903
- Living Area: 3,548 SqFt
- MLS Number: 6644963
- MLS Name: NORTHSTAR
- Office Name: Grand Realty, LLC
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$599,850
504 University Ave SE
$7,123
closing credit¹
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 29, 2009 | Home Sold | $535,000 |
| Jul 11, 2000 | Home Sold | $239,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2023 | $572,000 | $9,869 |
| 2022 | $539,000 | $8,678 |
| 2021 | $541,000 | $9,190 |
| 2020 | $527,000 | $8,609 |
| 2019 | $502,000 | $8,872 |
| 2018 | $502,000 | $9,111 |
| 2017 | $429,000 | $8,080 |
History based on county public records data.
Nearby schools
3
Webster Community School
Public District PK-5
0.8 mi
•425 5th St NE
1
Sheridan Elementary School
Public Magnet PK-5
1.3 mi
•1201 University Ave NE
4
Twin Cities International Schools
Public Charter KG-4
1.7 mi
•277 12th Ave N
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $28,421. Most Minneapolis, MN residents have annual incomes less than $<35k. Most families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
59%
<35k
33%
35k-100k
4%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
82%
Single, No Kids
4%
Single, with Kids
12%
Married, No Kids
2%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
1%
12-17 yrs old
52%
18-34 yrs old
29%
35-64 yrs old
13%
65+ yrs old
What do the neighbors do for fun?
Music Concerts
Major League Soccer (MLS)
Live Theatre
Where do the neighbors shop?
H&M
Banana Republic
Bloomingdales
Where do the neighbors go to eat?
Chipotle
Jack In The Box
Boston Market
What do the neighbors drive?
Volkswagen
Toyota
Mercedes
What do the neighbors listen to?
Rhythmic Contemporary Hits
Jazz
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 504 University Ave SE
The listing price of 504 University Ave SE property is $599,850.
The property 504 University Ave SE is a multi located in Minneapolis, Minnesota, 55414.
Active Listing: 504 University Ave SE is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 504 University Ave SE are: Webster Community School (GreatSchools Rating 3/10), Sheridan Elementary School (GreatSchools Rating 1/10), Twin Cities International Schools (GreatSchools Rating 4/10), New City School (GreatSchools Rating 4/10), Yinghua Academy (GreatSchools Rating 8/10), Mn International Middle Chr School (GreatSchools Rating 2/10), Mts Pease Academy (GreatSchools Rating 3/10), Stadium View (GreatSchools Rating 1/10), Heritage STEM Academy (GreatSchools Rating 2/10).
According to the records, the last property tax for 2023 is $9,869 (source: MLS/based on county public records data).
The last sale was on December 29, 2009 for $535,000 (source: MLS/tax record).
The property 504 University Ave SE is 3,548 SqFt (source: MLS/tax record).
The year of construction for 504 University Ave SE is 1903.
This home is located at 504 University Ave SE in Minneapolis, MN and zip code 55414 in the Saint Anthony Falls neighborhood. This 3,548 square foot home was built in 1903. Features: 0 bathroom. It has been listed on Rocket Homes since January 3, 2025 and is currently priced at $599,850.
Over 641 listings were sold over their listed price in May 2025 in Minneapolis, MN. In the same period over 368 listings were sold below the listed price and 220 listings were sold for the listed price. Between April and May 2025, Minneapolis, MN real estate market has seen increase in the number of listings by 16.4%. Listings spent 26 days on the market in May 2025, and had a median list price of $355,510 during the same period.
From Rocket Homes Real Estate and based on county public records data.