504 University Ave SE Minneapolis, MN 55414
Marcy-Holmes NeighborhoodEstimated payment $3,395/month
Highlights
- Corner Lot
- Hot Water Heating System
- Wood Siding
About This Home
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.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,149
Year Built
- Built in 1903
Lot Details
- Lot Dimensions are 76x100
- Corner Lot
- Few Trees
Parking
- Parking Lot
Home Design
- Duplex
- Pitched Roof
- Wood Siding
Interior Spaces
- 3,548 Sq Ft Home
- 2-Story Property
- Basement Fills Entire Space Under The House
Bedrooms and Bathrooms
- 9 Bedrooms
- 3 Bathrooms
Utilities
- Hot Water Heating System
- 100 Amp Service
Community Details
- 2 Units
- Saint Anthony Falls Subdivision
Listing and Financial Details
- Assessor Parcel Number 2302924410017
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $10,159 | $557,000 | $135,000 | $422,000 |
| 2023 | $9,869 | $572,000 | $131,000 | $441,000 |
| 2022 | $9,191 | $539,000 | $105,000 | $434,000 |
| 2021 | $8,610 | $541,000 | $98,000 | $443,000 |
| 2020 | $8,873 | $527,000 | $110,100 | $416,900 |
| 2019 | $9,111 | $502,000 | $86,800 | $415,200 |
| 2018 | $8,080 | $502,000 | $86,800 | $415,200 |
| 2017 | $7,656 | $408,500 | $78,900 | $329,600 |
| 2016 | $6,865 | $355,000 | $78,900 | $276,100 |
| 2015 | $7,204 | $355,000 | $78,900 | $276,100 |
| 2014 | -- | $308,500 | $67,600 | $240,900 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/07/2025 11/07/25 | Pending | -- | -- | -- |
| 10/14/2025 10/14/25 | For Sale | $499,500 | -- | $141 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $535,000 | -- | |
| Warranty Deed | $239,000 | -- |
Source: NorthstarMLS
MLS Number: 6804285
APN: 23-029-24-41-0017
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