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727 15th Avenue SE Minneapolis, MN 55414 Listing ID: 6224842

Price: $6,500,000.00

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.

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Primary Features

County

Hennepin

School District

Minneapolis

Year Built

1936

Age

86 yrs old

Style

Apartment

Property Type

Commercial Sale

Lot Size

330x110

Property Taxes

$93,215

Additional Features

Basement

Full

Cooling

Window Unit(s)

Driveway

Exterior

Brick/Stone,Stucco

Exterior Construction

Foundation

7564.00

Fuel Source

Electric,Natural Gas

Govt Programs

Y

Heating

Boiler,Hot Water

Section

24

Service Amps

Sewer

City Sewer/Connected

Subdivision

University Add

Tax Year

2022

Terrain

Utilities

Electric Common,Heating Common,Hot Water Separate

Water

City Water/Connected

Water Heater

Zoning

Residential-Multi-Family

Includes

Building,Land,Leases, City View

Excludes

Directions

Corner of 15th Ave SE & SE 8th St near the University of Minnesota.

Listing Agency

Listing courtesy of
RE / Max Results
(651) 251-4800

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The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than WESTconsin Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

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