1419 University Avenue NE, Minneapolis, MN 55413
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 13, 2026
- Days on Market:
- 54
- Last Refresh:
- Jul 5 at 4:06 pm
Property Features for 1419 University Avenue NE
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 5
- Bathrooms
- 2
- Rooms
- Bedroom 4, Bedroom 5, Bedroom 1, Bedroom 3, Basement, Bedroom 2, Bathroom 1, Bathroom 2
- Parking features
- Driveway, Open, Garage - Detached
- Exterior features
- Stucco
- Fencing
- Privacy
- Standard status
- Active
- APN
- 1402924220160
- Size
- 1,995 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2026
- Tax Annual Amount
- 6628
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1900
Listing agent Christina Chyerez (952) 368-0021
Listing office Bridge Realty, LLC 1101 E 78TH STREET SUITE 300, Bloomington, MN (952) 368-0021
Listing date May 13, 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
- Up‑and‑down duplex with 2 units and a basement, built in 1900
- Renovated units include fresh paint, new carpet, many brand‑new windows, new kitchen appliances, and high‑efficiency furnaces
- Second‑floor unit features hardwood oak floors
- Basement renovated with a new concrete floor and includes a washer and dryer
- Each unit has private front and back entrances for added privacy
- Stucco exterior with driveway parking plus a detached 2.5‑car garage; privacy fencing
Overview
Located at 1419 University Avenue NE in Minneapolis (55413), the property is positioned near restaurants, coffee shops, parks, and the NE Arts District. It is also described as a convenient drive to downtown and the University of Minnesota.
The property is well-suited for an owner-occupant seeking an income-producing duplex with a dedicated home-business option, given the large 2.5-car garage. It also offers a straightforward setup for investors who want two renovated units with in-unit updates, private entries, and on-site laundry, supported by ample parking in the private driveway.
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 | $44.3k | $22.20 |
| − Vacancy | −$2.6k | −$1.33 |
| EGI | $41.6k | $20.87 |
| − OpEx | −$12.5k | −$6.26 |
| NOI | $29.1k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.2626635
- Latitude
- 45.0028602
