Home › 518 37th Avenue NE, Minneapolis, MN 55421 (MLS# 7140460)

518 37th Avenue NE, Minneapolis, MN 55421 (MLS# 7140460)

$445,000
518 37th Avenue NE
Minneapolis, MN 55421
MLS# 7140460
Status: Closed
6 beds  |  4 baths  |  3000 sqft
518 37th Avenue NE, Minneapolis, MN 55421
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518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518_37th_Ave_NE_Minneapolis_MN_55421_USA_037.jpg 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518_37th_Ave_NE_Minneapolis_MN_55421_USA_002.jpg 3 Entrances per side- 518 has a 2nd Kitchen in LL Each side has a side and LL walkout & private patio! 520 side- separate back/side/front entrance 518 37th Avenue NE, Minneapolis, MN 55421 Private patio for each side- down to extra parking 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518_37th_Ave_NE_Minneapolis_MN_55421_USA_011.jpg 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518_37th_Ave_NE_Minneapolis_MN_55421_USA_040.jpg 518_37th_Ave_NE_Minneapolis_MN_55421_USA_039.jpg 518_37th_Ave_NE_Minneapolis_MN_55421_USA_038.jpg 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518_37th_Ave_NE_Minneapolis_MN_55421_USA_051.jpg 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518_37th_Ave_NE_Minneapolis_MN_55421_USA_054.jpg 518_37th_Ave_NE_Minneapolis_MN_55421_USA_053.jpg 518_37th_Ave_NE_Minneapolis_MN_55421_USA_007.jpg 518 37th Avenue NE, Minneapolis, MN 55421 518_37th_Ave_NE_Minneapolis_MN_55421_USA_005.jpg 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518 37th Avenue NE, Minneapolis, MN 55421 518_37th_Ave_NE_Minneapolis_MN_55421_USA_014.jpg 518_37th_Ave_NE_Minneapolis_MN_55421_USA_013.jpg 518_37th_Ave_NE_Minneapolis_MN_55421_USA_012.jpg 518_37th_Ave_NE_Minneapolis_MN_55421_USA_011.jpg 518_37th_Ave_NE_Minneapolis_MN_55421_USA_001.jpg 518_37th_Ave_NE_Minneapolis_MN_55421_USA_001.png 518_37th_Ave_NE_Minneapolis_MN_55421_USA_003.png 518_37th_Ave_NE_Minneapolis_MN_55421_USA_002.png

Property Description
Just spent 15k on Exterior- stucco repairs and fresh paint! The interiors have been rehabbed as well! 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! Agent is related to Seller

Details
Maps
Documents
Contract Information
Status: Closed
Off Market Date: 2026-09-16
Contingency: None
Current Price: 445000
Closed Date: 2026-10-13
Original List Price: 429900
ListPrice: 445000
Sales Close Price: 445000
List Date: 2026-09-08
Owner is an Agent?: No
Auction?: No
General Property Information
# Carport Spaces: 2
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1965
Yearly/Seasonal: Yearly
Bedrooms: 6
Baths Total: 4
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
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
Building Information
Finished SqFt Above Ground: 1500
Finished SqFt Below Ground: 1200
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
Lease Details
Land Leased: Not Applicable
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: 1
Annual Rent: 21600
Finished SqFt: 1250
Full Baths: 2
Monthly Expense: 130
Monthly Rent: 1800
No. of Units Like This: 1
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: 1
Annual Rent: 21600
Finished SqFt: 1250
Full Baths: 1
Monthly Expense: 130
Monthly Rent: 1800
No. of Units Like This: 1
Oth Parking Spaces: 2
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 8
Unit Details
Total Units: 2
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
Financing Terms: Conventional
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

Listing Office: National Realty Guild

Last Updated: October - 14 - 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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Saturday 17th of October 2026 02:37 PM

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