$5,220,000
$5,750,000
9.2%For more information regarding the value of a property, please contact us for a free consultation.
727 15th AVE SE Minneapolis, MN 55414
0.42 Acres Lot
Key Details
Sold Price $5,220,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision University Add
MLS Listing ID 6224842
Sold Date 07/21/23
Year Built 1936
Annual Tax Amount $93,215
Tax Year 2022
Contingent None
Lot Size 0.420 Acres
Acres 0.42
Lot Dimensions 330x110
Property Description
We are pleased to offer a one-of-a-kind, high demand, & stable 66-Unit multifamily asset at the University of Minnesota. This offering also serves as an excellent student housing redevelopment site now or in the future. This rare investment opportunity has been under the same family ownership for 24 years and is finally offered for sale. These two buildings totaling 66 units have brand new large student housing construction developments on both sides of the buildings with the U of M practice football field across the street. Excellent convenient Dinkytown location - the heart of the U of M! Once you take a look at this location , it speaks for itself. You will also see the U of M is in the midst of a major student housing transformation at this time with state of the art housing facilities being built across the campus. Here's your chance to be part of this historic change on a Big 10 campus.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Full
Interior
Heating Boiler, Hot Water
Cooling Window Unit(s)
Fireplace No
Exterior
Parking Features Paved, Open
Utilities Available Electric Common, Heating Common, Hot Water Separate
Present Use Commercial,Residential
Building
Lot Description Corner Lot
Foundation 7564
Sewer City Sewer/Connected
Water City Water/Connected
Structure Type Brick/Stone,Stucco
Schools
School District Minneapolis
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