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516 8th Avenue NE, Minneapolis, MN 55413

Status: Sold

2 units
2,310 sq ft

$479,500

WELCOME HOME

Get to know this property.

Classic Northeast Minneapolis up/down duplex on a quiet, tree-lined street, beautifully blending timeless original character with thoughtful modern updates. Both units are filled with natural light throughout the day and showcase the craftsmanship of the home's original millwork, solid wood doors, hardwood floors, and stained glass windows. Fresh paint throughout was carefully selected to complement the original woodwork rather than compete with it, with a rich, deep green palette creating a sophisticated contrast against its warmth and a cohesive, inviting feel from room to room. The upper unit is vacant and move-in ready, offering 3 bedrooms with flexibility for a home office, a bright living room with a stunning stained glass bay, and a beautifully updated kitchen featuring brand-new stainless steel appliances, new stone countertops, new flooring, and a new backsplash. A covered back deck provides additional outdoor living space, and a huge walk-up attic offers excellent potential for future expansion (buyer to verify). The main-level unit also features 3 bedrooms, with room for a home office or flex space, along with inviting living and dining rooms and a screened porch. It is currently leased at $2,160/month, providing rental income. Both the front and rear entryways have been freshly painted and finished with new carpeting, creating a welcoming transition into each level. The basement offers abundant storage, a separate, fully finished bathroom, and a laundry area, plus the potential to finish additional space for even more living area. Outside, a large fenced backyard offers plenty of room to entertain, relax, garden, or enjoy the outdoors, with a shed for extra storage. A private driveway adds convenient off-street parking. Additional highlights include maintenance-free siding and separately metered units. With its original architectural character, abundant natural light, extensive updates, flexible spaces, and excellent outdoor amenities, this duplex offers a distinctive opportunity for an investor or owner-occupant in Northeast Minneapolis. Don't miss it!

The details that matter.

General Property Information for 516 8th Avenue NE, Minneapolis, MN 55413 - MLS# 7151604
Bedrooms and Bathrooms
Total Bedrooms:
6
Total Bathrooms:
3
Size and Multi Family Residence
Year Built:
1904
Type of Property:
Multi Family Residence
Style:
Duplex Up and Down
Stories/Levels:
2 Story
Total SqFt:
2,310
Total Fnsh'd SqFt:
2,310
Above Ground SqFt:
3,370
Finished Above Grade:
2,240
Below Ground SqFt:
1,120
Finished Below Grade:
70
Garage Stalls:
0
Garage SqFt:
N/A
Main Floor SqFt:
1,310
Approx Lot Dimensions:
Irregular
Approx Number of Acres:
0.13
Income and Expenses
Gross Income:
$25,920
Total Expenses:
$0

A closer look at the location.

Hwy 94, East on West Broadway, South (Right) on University, East on 8th Ave NE to home on Right.

This listing has been entered by the following office: Compass

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the Broker Reciprocity or the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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