1216 University Avenue NE, Minneapolis, MN 55413 (MLS# 7038161)


$439,000
1216 University Avenue NE
Minneapolis, MN 55413
MLS# 7038161
4 beds  |  2 baths  |  3372 sqft


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Property Description
Awesome opportunity to own very nice up and down duplex in prime Northeast Minneapolis location, steps from Minari and the Pikok Lounge. Identical 2-bedroom 1 bath units. Updated kitchens with sunny south facing windows, vintage baths and freshly painted. Large, open, living/dining area with oak hardwood floors, natural woodwork, plaster walls and coved ceilings. Full basement is partially finished with wood paneling, built ins, shared laundry and additional storage. Home is situated on an oversized lot with a detached 2-car garage, parking for an additional six or more cars and a common fenced-in west facing backyard. Terrific for both investors and owner-occupants. Home shows well, is easy to rent. Steps from 13th Avenue NE, and walking distance to dozens of bars, restaurants and galleries. Convenient for bus and bike. Easy access to 35W and 94. Minutes to U of M and downtown Minneapolis. LOCATION.

Details
Maps
Documents
Contract Information
Owner is an Agent?: Yes
Auction?: No
Status: Active
Contingency: None
Current Price: $439,000
Original List Price: 439000
ListPrice: 439000
List Date: 2026-03-19
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1930
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: 71x132
Acres: 0.19
Main Floor Total SqFt: 1124
Below Grd Total SqFt: 1124
Above Ground SqFt: 2248
Total Finished Sqft: 2248.00
Foundation Size: 1124
Style: (MF) Duplex Up and Down
Garage Stalls: 2
Assessment Pending: Unknown
Bedrooms: 4
Baths Total: 2
Total SqFt: 3372
Location, Tax and Other Information
Legal Description: BLOCK 010 MARSHALLS ADDN TO ST ANTHONY S 40 FT OF LOT 1 AND E 34 FT OF S 40 FT OF LOT 2 ALSO N 31.25 FT OF LOTS 9 AND 10 BLK 10
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 5887
Property ID Number: 1402924230184
Tax Year: 2025
Tax Amount: 7934
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Awesome opportunity to own very nice up and down duplex in prime Northeast Minneapolis location, steps from Minari and the Pikok Lounge. Identical 2-bedroom 1 bath units. Updated kitchens with sunny south facing windows, vintage baths and freshly painted. Large, open, living/dining area with oak hardwood floors, natural woodwork, plaster walls and coved ceilings. Full basement is partially finished with wood paneling, built ins, shared laundry and additional storage. Home is situated on an oversized lot with a detached 2-car garage, parking for an additional six or more cars and a common fenced-in west facing backyard. Terrific for both investors and owner-occupants. Home shows well, is easy to rent. Steps from 13th Avenue NE, and walking distance to dozens of bars, restaurants and galleries. Convenient for bus and bike. Easy access to 35W and 94. Minutes to U of M and downtown Minneapolis. LOCATION.
Directions: Broadway St. NE to University Ave. NE, north one block to 1216.
Accessible
None: 1
Amenities Shared
Common Garden: 1
Common Laundry Facility: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 7934
Assumable Loan
Not Assumable: 1
Basement
Foundation Dimensions: 24x48
Full: 1
Partially Finished: 1
Shared Access: 1
Building Information
Finished SqFt Above Ground: 2248
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Stucco: 1
Fencing
Chain Link: 1
Wood: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Boiler: 1
Laundry
In Basement: 1
Lease Details
Land Leased: Not Applicable
Lot Description
Irregular Lot: 1
Miscellaneous Information
DP Resource: Yes
Homestead: No
Owner Pays
Insurance: 1
Lawn: 1
Maintenance/Repair: 1
Management: 1
Sewer: 1
Snow Removal: 1
Taxes: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 400
Parking Lot: 1
Uncovered/Open: 1
Patio, Porch and Deck Features
Side Porch: 1
Public Survey Info
Range#: 24
Section#: 14
Township#: 29
Rental License Type
Standard: 1
Sellers Terms
Cash: 1
Conventional: 1
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Unit 1
Furnished?: No
Leased?: No
Unit Number: 1
Full Baths: 1
Total Rooms: 5
Finished SqFt: 1124
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Unit Details
Total Units: 2
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 0
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Net Income: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0
No. of Ranges
Two: 1
No. of Refrigerators
Two: 1
Tenant Pays
Broadband: 1
Cable TV: 1
Electricity: 1
Gas: 1
Unit 1 Amenities
Hardwood Floors: 1
Kitchen Window: 1
Natural Woodwork: 1
Unit 1 Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 1 Bath Description
Main Floor Full Bath: 1
Unit 1 Cooling
Wall: 1
Window: 1
Unit 1 Dining Room Description
Living/Dining Room: 1
Unit 2
Furnished?: No
Lease Expiration Date: 2026-04-30
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 19200
Finished SqFt: 1124
Full Baths: 1
Monthly Rent: 1600
No. of Units Like This: 1
Total Baths: 1
Total Bedrooms: 2
Total Rooms: 5
Unit 2 Amenities
Balcony: 1
Hardwood Floors: 1
Kitchen Window: 1
Natural Woodwork: 1
Unit 2 Appliances
Dryer: 1
Microwave: 1
Range: 1
Refrigerator: 1
Washer: 1
Unit 2 Bath Description
Upper Level Full Bath: 1
Unit 2 Cooling
Wall: 1
Window: 1
Unit 2 Dining Room Description
Living/Dining Room: 1
Location Tax and Other Information
House Number: 1216
Street Name: University
Street Suffix: Avenue
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55413
Complex/Dev/Subdivision: Marshalls Add To St Anthony
Property Features
Accessible: None
Amenities Shared: Common Garden; Common Laundry Facility
Assumable Loan: Not Assumable
Basement: Full; Partially Finished; Shared Access
Construction Status: Previously Owned
Exterior: Brick/Stone; Stucco
Fencing: Chain Link; Wood
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Boiler
Laundry: In Basement
Lot Description: Irregular Lot
Owner Pays: Insurance; Lawn; Maintenance/Repair; Management; Sewer; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot; Uncovered/Open
Rental License Type: Standard
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Stories: Two
Tenant Pays: Broadband; Cable TV; Electricity; Gas
Unit 1 Amenities: Hardwood Floors; Kitchen Window; Natural Woodwork
Unit 1 Appliances: Dryer; Microwave; Range; Refrigerator; Washer
Unit 1 Bath Description: Main Floor Full Bath
Unit 1 Cooling: Wall; Window
Unit 1 Dining Room Description: Living/Dining Room
Unit 2 Amenities: Balcony; Hardwood Floors; Kitchen Window; Natural Woodwork
Unit 2 Appliances: Dryer; Microwave; Range; Refrigerator; Washer
Unit 2 Bath Description: Upper Level Full Bath
Unit 2 Cooling: Wall; Window
Unit 2 Dining Room Description: Living/Dining Room
Water: City Water/Connected

IDX
Listing Office: Northeast Realty LLC

Last Updated: March - 29 - 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.