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516 8th Avenue Ne, Minneapolis, MN 55413

$479,500
SQUARE FEET 4,490
MLS# 7151604
  • 516 8th Avenue Ne, Minneapolis, MN 55413 Main Photo

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STATUS: Active
PROPERTY TYPE: Multi Unit - Multiple
SUBDIVISION: Borups Add To Town Of St Anthony
SCHOOL: Minneapolis

Property Description

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!

516 8th Avenue Ne | MLS# 7151604

This multi-family property located at 516 8th Avenue Ne, Minneapolis, MN 55413 is currently listed for sale with an asking price of $479,500. 8th Avenue Ne is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealty.com today.

Upcoming Open Houses

Open House Saturday October 10th, 11:00am - 1:00pm

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Partially Finished
Heating: Forced Air
Lot Size: 0.13 Acres
Roof Type: Age Over 8 Years, Asphalt
Taxes: $8,114
Year Built: 1904

Feature Descriptions

Days on Site: 6
Foundation Size: 1120
Lot Dimensions: Irregular
Owners Expense: Insurance, Taxes
Parcel#: 1402924310023
Parking: Asphalt
Road Frontage: City Street
Sewer: City Sewer/Connected
Tenant Expenses: All Utilities
Units: 2
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: Compass
Agency Phone: 952-283-0644

Shown By

Agency Title: Counselor Realty
Agency Phone: 612-405-8404

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Estimated Payment

$ 3,368.12 per month $2,552.10 Principal & Interest $676.17 Property Tax $139.85 Homeowner's Insurance

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