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.
- Price:
- $6,500,000
- Square Footage:
- 25,596
- Acreage:
- 0.42
- Year Built:
- 1936
- Listing ID #:
- NST6224842
- Street Address:
- 727 15th Ave SE
- City:
- Minneapolis
- State:
- Minnesota
- Postal Code:
- 55414
- County:
- Hennepin
- Subdivision:
- University Add
- Listing Status:
- Active
- Listing Type:
- Commercial Sale
School District: 1
- Basement Description:
- Full
- Construction Type:
- Brick/Stone, Stucco
- Number Of Units:
- 66
- Total Building Square Footage:
- 25596
- Year Built:
- 1936
- Existing Land Use:
- Commercial, Residential
- Lot Features:
- Corner Lot
- Lot Measurement Type:
- Acres
- Zoning Description:
- Residential-Multi-Family
- Association Amenities:
- Coin-Op Laundry Owned
- Days On Market:
- 196
- Included In Sale:
- Building, Land, Leases
- Originating Mls:
- Northstar
- Owner Pays:
- Fuel, Insurance, Taxes, Water
- Property Taxes:
- $93,215
- Tax Year:
- 2022
- Tenant Pays:
- Cable Tv, Electricity
- Parking Description:
- Paved, Open
- Cooling System:
- Window Unit(s)
- Existing Water:
- City Water/Connected
- Heating:
- Boiler, Hot Water
- Sewage Type:
- City Sewer/Connected
- Utilities:
- Electric Common, Heating Common, Hot Water Separate
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.
Your Payment
$1,400/mo
Source: CINC
- Listing Provided By RE/MAX Results
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