516 8th Avenue NE, Minneapolis, MN 55413 (MLS# 7151604)

516 8th Avenue NE, Minneapolis, MN 55413

$479,500

Property Type: Multi-Family Bedrooms: 6 Baths: 3 Square Footage: 4,490 Lot Size (sq. ft.): 5,663 Status: Active

Current Price: $479,500 List Date: 9/30/2026 Last Modified: 10/03/2026

Overview

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 ... (Read more) 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!

Open Houses

Saturday, October 10, 11:00 am - 1:00 pm

Listing Details MLS# 7151604

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1904
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family, Residential-Single Famil
Main Floor Total SqFt: 1310
Above Ground SqFt: 3370
Below Grd Total SqFt: 1120
Total SqFt: 4490
Foundation Size: 1120
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2310.00
Lot Dimensions: Irregular
Acres: 0.13
Assessment Pending: No

Property Features

Accessible: None Basement: Full; Partially Finished Construction Status: Previously Owned Exterior: Vinyl Fencing: Full; Privacy; Wire; Wood Foundation: Stone Fuel: Natural Gas Heating: Forced Air Laundry: Common Area; In Basement Owner Pays: Insurance; Taxes Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years; Asphalt Shingles Sellers Terms: Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Stories: Two Tenant Pays: All Utilities Unit 1 Amenities: Hardwood Floors; Natural Woodwork; Washer/Dryer Hookup Unit 1 Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer Unit 1 Cooling: Central Unit 2 Amenities: Hardwood Floors; Natural Woodwork; Washer/Dryer Hookup Unit 2 Appliances: Dryer; Range; Refrigerator; Washer Unit 2 Cooling: Central Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 479500
ListPrice: 479500
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 516
Street Name: 8th
Street Suffix: Avenue
Street Direction Suffix: NE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55413
Complex/Dev/Subdivision: Borups Add To Town Of St Anthony

Assessments

Tax With Assessments: 8114

Basement

Foundation Dimensions: 23x95

More Information

Building Information

Finished SqFt Above Ground: 2240
Finished SqFt Below Ground: 70

Income and Expenses

Annual Gross Income: 25920

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 14
Township#: 29

Unit 1

Furnished?: No
Leased?: No
Level: 2nd Level
Unit Number: Yes
Finished SqFt: 1310
Full Baths: Yes
Monthly Rent: 2450
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 3
Total Rooms: 8

Unit 2

Furnished?: No
Lease Expiration Date: 2027-04-30
Leased?: Yes
Level: Main Level
Unit Number: 2
Annual Rent: 25920
Finished SqFt: 1200
Full Baths: 2
Monthly Rent: 2160
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 10

Unit Details

Total Units: 2

Listing Office: Compass

Last Updated: October - 03 - 2026

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516 8th Avenue NE, Minneapolis, MN 55413 (MLS# 7151604)