Minneapolis, MN 55414,727 15th AVE SE
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Minneapolis, MN 55414,727 15th AVE SE
Minneapolis, MN 55414,727 15th AVE SE
Minneapolis, MN 55414,727 15th AVE SE
Minneapolis, MN 55414,727 15th AVE SE

$5,220,000

Est. payment /mo

$5,750,000

9.2%
Est.Price: ?

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

SOLD DATE : 07/21/2023

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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Listed by Mark Hulsey • RE/MAX Results
agent

Malee Vang

Advisor | License ID: 40352180

+1(651) 332-4569

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