2517 University Avenue NE, Minneapolis, MN 55418
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 5, 2026
- Days on Market:
- 57
- Last Refresh:
- Jun 30 at 12:06 am
Property Features for 2517 University Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 6
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 6, Bedroom 5, Bathroom 2, Bedroom 2, Bedroom 3, Basement, Bathroom 1, Bedroom 1
- Parking features
- Parking Lot
- Exterior features
- Stucco
- Fencing
- Chain Link
- Standard status
- Active
- APN
- 1102924230049
- Size
- 2,016 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6761
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1910
Listing agent Marissa Winegarden (612) 751-9303
Listing office eXp Realty 4525 White Bear Parkway Suite 122, White Bear Lake, MN (320) 500-4397
Listing date May 5, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- NE Minneapolis duplex with 2 units: $2,100 upper unit and $1,950 lower unit
- Upper unit is vacant and ready to be occupied with fresh paint and an updated kitchen
- Lower unit is occupied through May 2027
- Basement includes shared laundry
- Two newer boilers with oil heating; stucco exterior
- On‑site parking lot plus chain‑link fencing; storage shed included
Overview
The home is located at 2517 University Avenue NE in Minneapolis, MN 55418, in Hennepin County. The public remarks note proximity to restaurants and shopping, offering everyday convenience for residents.
From a tenant or owner-operator standpoint, this is a practical two-unit setup with in-place income and clear near-term leasing structure: one unit is available immediately while the other remains occupied through May 2027. For buyers seeking a manageable duplex arrangement, the combination of a vacant, move-in-ready upper unit and a long-running lower unit tenancy can support straightforward leasing plans. Shared basement laundry helps simplify resident amenities within the building, and the included storage shed adds additional on-site utility for occupants.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.8k | $22.20 |
| − Vacancy | −$2.7k | −$1.33 |
| EGI | $42.1k | $20.87 |
| − OpEx | −$12.6k | −$6.26 |
| NOI | $29.5k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.262816
- Latitude
- 45.013831
