Sold

727 15th Avenue SE

Minneapolis MN, 55414

$5,750,000


$224.64 per sqft

Sold

25,596 sqft

Commercial

Built in 1936

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.

6224842

MLS ID

June 22, 2022

Listed

February 16, 2024

Updated

Map

727 15th Avenue SE
Minneapolis MN, 55414

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Boiler, Hot Water

Exterior/Building Features

Lot Size

0.42 Acres


Lot Features

Corner Lot


Sewer

City Sewer/Connected

School Information

School District

Minneapolis

Other Property Details

Taxes

$93,215


Tax Frequency

Annually


Days on Market

326


Association Amenities

Coin-op Laundry Owned


Garage

No


Parking

Paved, Open


View

No


County

Hennepin


Water Source

City Water/Connected


Pool

No


Buyer Agency Compensation

1%

Listing History

Date

Event

Price

8/14/2023

Price Change

$5,220,000

-10%

8/14/2023

Sold

6/22/2023

Pending

 

Courtesy of RE/MAX Results

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Jeremy Driver shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 12:49 AM UTC, 2/16/2024

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