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2517 University Avenue NE, Minneapolis, MN 55418

$399,900

Property Type: Multi-Family Bedrooms: 6 Baths: 2 Square Footage: 3,024 Lot Size (sq. ft.): 5,227 Status: Pending

Current Price: $399,900 List Date: 5/05/2026 Last Modified: 7/06/2026

Overview

Description

Fantastic NE Minneapolis duplex with great rents! $2100 upper unit and $1950 lower unit. Upper unit vacant, fresh paint, updated kitchen and ready to be occupied. Lower unit occupied through May 2027. 2 newer boilers. Storage shed included. Shared laundry in the basement. Close to restaurants shopping and more. This one won't last!

Listing Details MLS# 7064249

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1910
Yearly/Seasonal: Yearly
Main Floor Total SqFt: 1008
Above Ground SqFt: 2016
Below Grd Total SqFt: 1008
Total SqFt: 3024
Foundation Size: 1008
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2016.00
Lot Dimensions: 53x100
Acres: 0.12
Assessment Pending: Unknown
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: Common Laundry Facility Basement: Unfinished Construction Status: Previously Owned Electric: 100 Amp Service Exterior: Stucco Fencing: Chain Link Foundation: Other Fuel: Natural Gas Heating: Boiler Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light Owner Pays: Insurance; Lawn; Maintenance/Repair; Management; Repairs; Sewer; Taxes; Trash Collection; Water Parking Characteristics: Parking Lot; Paved Lot Pool Description: None Road Frontage: City Street; Curbs; Paved Streets; Sidewalks Road Responsibility: Public Maintained Road Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Electricity; Gas; Heat; Hot Water Unit 1 Amenities: Countertops-Granite; Hardwood Floors; Natural Woodwork; Porch; Tile Floors Unit 1 Appliances: Dryer; Range; Refrigerator; Washer Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: Window Unit 1 Family Room Characteristics: Main Level Unit 2 Amenities: Ceiling Fan(s); Hardwood Floors; Paneled Doors Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Bath Description: Upper Level Full Bath Unit 2 Cooling: None Water: City Water/Connected

Contract Information

Off Market Date: 2026-06-30
Contingency: None
Original List Price: 414900
ListPrice: 399900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 2517
Street Name: University
Street Suffix: Avenue
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55418
Complex/Dev/Subdivision: B S Wrights Add

Assessments

Tax With Assessments: 6760.7
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2016

More Information

Income and Expenses

Annual Caretaker Expense: 1500
Annual Gross Income: 48600
Annual Insurance Expense: 2600
Annual Maintenance Expense: 400
Annual Repair Expense: 800
Annual Trash Expense: 1018
Annual Water/Sewer Expense: 1527
Total Annual Expenses: 1244
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 11
Township#: 29

Unit 1

Furnished?: No
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 23400
Finished SqFt: 1200
Full Baths: Yes
Monthly Expense: 50
Monthly Rent: 1950
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 7

Unit 2

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: 2
Annual Rent: 25200
Finished SqFt: 1200
Full Baths: Yes
Monthly Expense: 50
Monthly Rent: 2100
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 7

Unit Details

Total Units: 2

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: BLOCK 010 B S WRIGHTS ADDN TO MPLS THAT PART OF LOTS 1 AND 2 LYING N OF THE S 45 FT THEREOF AND S OF THE N 42 FT THEREOF INCL ADJ VAC STREET
Listing City: Minneapolis
Map Page: 92
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Property ID Number: 1102924230049
Tax Year: 2026
Tax Amount: 6760.7
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Fantastic NE Minneapolis duplex with great rents! $2100 upper unit and $1950 lower unit. Upper unit vacant, fresh paint, updated kitchen and ready to be occupied. Lower unit occupied through May 2027. 2 newer boilers. Storage shed included. Shared laundry in the basement. Close to restaurants shopping and more. This one won't last!
Directions: University Ave N, home on right.

Accessible

None: Yes

Amenities Shared

Common Laundry Facility: Yes

Basement

Unfinished: Yes

Construction Status

Previously Owned: Yes

Electric

100 Amp Service: Yes

Exterior

Stucco: Yes

Fencing

Chain Link: Yes

Foundation

Other: Yes

Fuel

Natural Gas: Yes

Heating

Boiler: Yes

Lot Description

Public Transit (w/in 6 blks): Yes
Tree Coverage - Light: Yes

Owner Pays

Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Management: Yes
Repairs: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes
Paved Lot: Yes

Pool Description

None: Yes

Road Frontage

City Street: Yes
Curbs: Yes
Paved Streets: Yes
Sidewalks: Yes

Road Responsibility

Public Maintained Road: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Gas: Yes
Heat: Yes
Hot Water: Yes

Unit 1 Amenities

Countertops-Granite: Yes
Hardwood Floors: Yes
Natural Woodwork: Yes
Porch: Yes
Tile Floors: Yes

Unit 1 Appliances

Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

Window: Yes

Unit 1 Family Room Characteristics

Main Level: Yes

Unit 2 Amenities

Ceiling Fan(s): Yes
Hardwood Floors: Yes
Paneled Doors: Yes

Unit 2 Appliances

Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes

Unit 2 Cooling

None: Yes

Listing Office: eXp Realty

Last Updated: July - 06 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.