518 37th Avenue NE, Minneapolis, MN 55421 (MLS# 7116698)

518 37th Avenue NE, Minneapolis, MN 55421

New Listing
$429,900
Property Type: Multi-Family Bedrooms: 6 Baths: 4 Square Footage: 3,000 Lot Size (sq. ft.): 7,405 Status: Active
Current Price: $429,900 List Date: 8/15/2026 Last Modified: 8/17/2026

Overview

Description

Agent is related to Seller. Phenomenal opportunity to own 3 units for the price of 2! Live in 1 unit and rent out the other two if you would like! Zoned as 2 units though. The Lower level of 518 has a Mother in Law apt with a Kitchenette, br, family room, and a separate walk out! Both units have been rehabbed with new paint, flooring, etc! Great location on a bus line, close to DT, University, Central, shopping, restaurants, etc! Has a private back walk out patio for both units. Keep an eye out for the List of Improvements in the supplements and photos, coming soon! Over 50k put into both sides! a New carpet, flooring, paint, some windows, appliances, touch up's galore! This is a fantastic price for all of this sq footage and versatility!

Listing Details MLS# 7116698

General Property Information

# Carport Spaces
2
Lot Measurement
Acres
Multiple PIDs?
No
Owner Occupied
No
Waterfront YN
No
Year Built
1965
Yearly/Seasonal
Yearly
Main Floor Total SqFt
1500
Above Ground SqFt
1500
Below Grd Total SqFt
1500
Total SqFt
3000
Foundation Size
1500
Style
(MF) Duplex Side X Side
Total Finished Sqft
2700.00
Garage Stalls
2
Lot Dimensions
45x123
Acres
0.17
Assessment Pending
No

Property Features

Accessible: None Assumable Loan: Yes w/ Qualifying Basement: Concrete Block; Egress Windows; Full Construction Status: Previously Owned Existing Financing: VA Exterior: Brick/Stone; Stucco Foundation: Brick/Mortar Fuel: Natural Gas Heating: Forced Air Laundry: In Basement; Lower Level Owner Pays: Insurance; Taxes; Trash Collection; Water Pool Description: None Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Asphalt Shingles Sellers Terms: Assumable; Cash; Conventional; FHA; VA Sewer: City Sewer/Connected Shared Rooms: Other Stories: One Tenant Pays: Cable TV; Electricity; Fuel; Lawn; Snow Removal Unit 1 Appliances: Cooktop; Dryer; Exhaust Fan/Hood; Microwave; Range; Refrigerator; Washer Unit 1 Bath Description: Full Basement; Main Floor Full Bath Unit 1 Cooling: Wall Unit 1 Dining Room Description: Breakfast Area Unit 1 Family Room Characteristics: Lower Level Unit 1 Special Search: Divided Bdr Flr Plan; Rehabbed; Renovated Unit 2 Appliances: Cooktop; Dryer; Range; Refrigerator Unit 2 Bath Description: Main Floor Full Bath Unit 2 Cooling: Wall Unit 2 Dining Room Description: Eat In Kitchen Unit 2 Family Room Characteristics: Lower Level Water: City Water/Connected

Contract Information

Contingency
None
Original List Price
429900
ListPrice
429900
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
518
Street Name
37th
Street Suffix
Avenue
Street Direction Suffix
NE
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55421

Assessments

Tax With Assessments
6328.62
Assessment Balance
0
Assessment Installment
0

Building Information

Finished SqFt Above Ground
1500
Finished SqFt Below Ground
1200

More Information

Income and Expenses

Annual Gross Expenses
2732
Annual Gross Income
43200
Annual Insurance Expense
2500
Annual Maintenance Expense
625
Annual Net Income
40468
Annual Repair Expense
2357
Annual Trash Expense
1800
Annual Water/Sewer Expense
1900
Total Annual Expenses
2732
Annual Caretaker Expense
0
Annual Electric Expense
0
Annual Fuel Expense
0

Lease Details

Land Leased
Not Applicable

Lock Box Type

Lock Box Source
OTHER

Miscellaneous Information

DP Resource
Yes
Homestead
No

Ownership

Fractional Ownership
No

Parking Characteristics

Garage Square Feet
420

Unit 1

Furnished?
No
Leased?
No
Unit Number
Yes
Annual Rent
21600
Finished SqFt
1250
Full Baths
2
Monthly Expense
130
Monthly Rent
1800
No. of Units Like This
Yes
Oth Parking Spaces
2
Total Baths
2
Total Bedrooms
3
Total Rooms
8

Unit 2

Furnished?
No
Leased?
No
Unit Number
2
3/4 Baths
Yes
Annual Rent
21600
Finished SqFt
1250
Full Baths
Yes
Monthly Expense
130
Monthly Rent
1800
No. of Units Like This
Yes
Oth Parking Spaces
2
Total Baths
2
Total Bedrooms
3
Total Rooms
8

Unit Details

Total Units
2

Office/Member Info

Association
SPAAR

Location, Tax and Other Information

Legal Description
BLOCK 105 COLUMBIA HEIGHTS ADDN TO MPLS THE WEST 25 FEET OF LOT 26 AND THE EAST 20 FEET OF LOT 27
Listing City
Minneapolis
Map Page
92
Municipality
Minneapolis
School District
Minneapolis
School District Phone
612-668-0000
Country
US
Property ID Number
0202924210021
Tax Year
2025
Tax Amount
6328.62
In Foreclosure?
No
Potential Short Sale?
No
Lender Owned?
No

Directions & Remarks

Public Remarks
Agent is related to Seller. Phenomenal opportunity to own 3 units for the price of 2! Live in 1 unit and rent out the other two if you would like! Zoned as 2 units though. The Lower level of 518 has a Mother in Law apt with a Kitchenette, br, family room, and a separate walk out! Both units have been rehabbed with new paint, flooring, etc! Great location on a bus line, close to DT, University, Central, shopping, restaurants, etc! Has a private back walk out patio for both units. Keep an eye out for the List of Improvements in the supplements and photos, coming soon! Over 50k put into both sides! a New carpet, flooring, paint, some windows, appliances, touch up's galore! This is a fantastic price for all of this sq footage and versatility!
Directions
University Ave. to 37th Ave NE. Eastbound to home.

Accessible

None
Yes

Assumable Loan

Yes w/ Qualifying
Yes

Basement

Concrete Block
Yes
Egress Windows
Yes
Full
Yes

Construction Status

Previously Owned
Yes

Existing Financing

VA
Yes

Exterior

Brick/Stone
Yes
Stucco
Yes

Foundation

Brick/Mortar
Yes

Fuel

Natural Gas
Yes

Heating

Forced Air
Yes

Laundry

In Basement
Yes
Lower Level
Yes

Owner Pays

Insurance
Yes
Taxes
Yes
Trash Collection
Yes
Water
Yes

Patio, Porch and Deck Features

Rear Porch
Yes

Pool Description

None
Yes

Rental License Type

Standard
Yes

Road Frontage

City Street
Yes

Road Responsibility

Public Maintained Road
Yes

Roof

Asphalt Shingles
Yes

Sellers Terms

Assumable
Yes
Cash
Yes
Conventional
Yes
FHA
Yes
VA
Yes

Sewer

City Sewer/Connected
Yes

Shared Rooms

Other
Yes

Stories

One
Yes

Water

City Water/Connected
Yes

No. of Ranges

Three
Yes

No. of Refrigerators

Three
Yes

Tenant Pays

Cable TV
Yes
Electricity
Yes
Fuel
Yes
Lawn
Yes
Snow Removal
Yes

Unit 1 Appliances

Cooktop
Yes
Dryer
Yes
Exhaust Fan/Hood
Yes
Microwave
Yes
Range
Yes
Refrigerator
Yes
Washer
Yes

Unit 1 Bath Description

Full Basement
Yes
Main Floor Full Bath
Yes

Unit 1 Cooling

Wall
Yes

Unit 1 Dining Room Description

Breakfast Area
Yes

Unit 1 Family Room Characteristics

Lower Level
Yes

Unit 1 Special Search

Divided Bdr Flr Plan
Yes
Rehabbed
Yes
Renovated
Yes

Unit 2 Appliances

Cooktop
Yes
Dryer
Yes
Range
Yes
Refrigerator
Yes

Unit 2 Bath Description

Main Floor Full Bath
Yes

Unit 2 Cooling

Wall
Yes

Unit 2 Dining Room Description

Eat In Kitchen
Yes

Unit 2 Family Room Characteristics

Lower Level
Yes

Documents

IDX
Listing Office: National Realty Guild
Last Updated: August - 17 - 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.
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