$9,441 Closing Credit¹
#6579226, Listing Office: EXIT Realty Springside
$8,313
closing credit¹
504 University Ave SE Minneapolis, MN 55414
$700,000 List price
$8,313
Closing credit¹
3,548 sqft
$197 / 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
- MLS Number: 6644963
- MLS Name: NORTHSTAR
- Office Name: Grand Realty, LLC
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$700,000
504 University Ave SE
$8,313
closing credit¹
Sell your home with Rocket and save even more!
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. The majority of Minneapolis, MN residents have income less than $<35k annually. The majority of families are single, no kids. The most common level of education of people living 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
Similar homes for sale
$5,105 Closing Credit¹
#6638710, Listing Office: Chestnut Realty Inc
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 $700,000.
Minneapolis, MN housing market in January 2025 saw over 161 listings sold above listed price, more than 152 sold at listed price and over 309 sold below. In January 2025 in Minneapolis, MN there were 0.1% less homes for sale than in December. The median list price of listings available in January 2025 was $350,000, while the average time on the real estate market was 47 days.
From Rocket Homes Real Estate and based on county public records data.