$700,000
For Sale

504 University Avenue SE

Minneapolis, MN 55414
Listing OfficeGrand Realty, LLC
Browse 54 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

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
      • Lot FeaturesPublic Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light
      • Lot DescriptionPublic Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light
      • RoofAge 8 Years or Less, Asphalt, Pitched
      • Sewer InformationCity Sewer/Connected
      • Utility SourceCity Water/Connected
      • SubdivisionSaint Anthony Falls
      • Property SubtypeDuplex Up and Down
      • Parcel Number2302924410017
      • Property TypeMulti-Family
      • Parking FeaturesParking Lot
      • School DistrictMinneapolis
      • HeatingHot Water
      • CountyHennepin
      • MLS #6644963
      • MLS #6644963
      • Taxes Annual$9,149
      • Cost700000
      • Square Feet5172
      • Basement DescriptionFull
      • Year Built1903
      • Days on Market (Cumulative)29
      • Basement1

Location

Jayce Johnson | RE/MAX Realty 1Real Estate Group
$
years

Down Payment

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%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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