Matthew Austinson
Keller Williams Premier Realty
(715) 553-5291
89 Total Sales
2 in Marcy-Holmes
$115,000 Price Range
504 University Ave SE Minneapolis, MN 55414
Marcy-Holmes NeighborhoodEstimated Value: $484,582
9
Beds
3
Baths
3,548
Sq Ft
$137/Sq Ft
Est. Value
Highlights
- Corner Lot
- Hot Water Heating System
- Wood Siding
About This Home
As of November 2025First 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.
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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
- Tenant pays for cable TV, electricity, fuel, gas
- Assessor Parcel Number 2302924410017
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Oct 14, 2025
Closed on
Dec 17, 2025
Sold by
Bought by
Seller's Agent
Dan Fowlds
Grand Realty, LLC
Buyer's Agent
Eric Hermanson
Engel & Volkers Lake Minnetonka
List Price
$499,500
Sold Price
$465,000
Premium/Discount to List
-$34,500
-6.91%
Views
239
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$19,582
Avg. Annual Appreciation
5.81%
Purchase Details
Closed on
Dec 3, 2009
Sold by
Bought by
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$401,250
Interest Rate
5.02%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 1, 2000
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Marcy-Holmes, MN
-
Matthew Austinson
-
Jeffrey Steinman
Jeffrey Steinman
Bridge Realty, LLC
(651) 661-2823
64 Total Sales
1 in Marcy-Holmes
$347,000 Price
-
Graham Smith
Graham Smith
Keller Williams Realty Integrity Lakes
(763) 342-5386
336 Total Sales
1 in Marcy-Holmes
$270,000 Price
-
Amina Ali
Amina Ali
Keller Williams Realty Integrity Lakes
(612) 482-7520
35 Total Sales
1 in Marcy-Holmes
$245,000 Price
-
Benjamin Lucius
Benjamin Lucius
Keller Williams Realty Integrity Lakes
(952) 900-2383
88 Total Sales
1 in Marcy-Holmes
$330,000 Price
-
Joe Grunnet
Joe Grunnet
DRG
(612) 482-7945
49 Total Sales
1 in Marcy-Holmes
$418,500 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $465,000 | Gibraltar Title | ||
| $535,000 | -- | ||
| $239,000 | -- |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $450,000 | ||
| Previous Owner | $401,250 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/10/2025 11/10/25 | Sold | $465,000 | -6.9% | $131 / Sq Ft |
| 11/07/2025 11/07/25 | Pending | -- | -- | -- |
| 10/14/2025 10/14/25 | For Sale | $499,500 | -- | $141 / Sq Ft |
Source: NorthstarMLS
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
|---|---|---|---|---|
| 2025 | $9,527 | $501,700 | $135,000 | $366,700 |
| 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 |
Source: Public Records
Agents Affiliated with this Home
-
Dan Fowlds
Seller's Agent in 2025
Dan Fowlds
Grand Realty, LLC
(651) 428-7162
2 in this area
73 Total Sales
-
Eric Hermanson
Buyer's Agent in 2025
Eric Hermanson
Engel & Volkers Lake Minnetonka
(651) 373-4787
1 in this area
29 Total Sales
Map
Source: NorthstarMLS
MLS Number: 6804285
APN: 23-029-24-41-0017
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
Listings courtesy of NorthstarMLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID
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