Minneapolis, MN 55414,1000 5th ST SE
Minneapolis, MN 55414,1000 5th ST SE
Minneapolis, MN 55414,1000 5th ST SE
Minneapolis, MN 55414,1000 5th ST SE
Minneapolis, MN 55414,1000 5th ST SE
Minneapolis, MN 55414,1000 5th ST SE
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$2,700,000

$2,700,000

Est.Price: ?

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Est. payment /mo

0.44 Acres Lot


SOLD DATE : 09/27/2024

Key Details

Sold Price $2,700,000

Property Type Commercial

Listing Status Sold

Purchase Type For Sale

Subdivision Saint Anthony Falls

MLS Listing ID 6610616

Sold Date 09/27/24

Year Built 1952

Annual Tax Amount $24,651

Tax Year 2023

Contingent None

Lot Size 0.440 Acres

Acres 0.44

Lot Dimensions 165x115

Property Description

We are pleased to offer a recently developed 26 room, 56-60 bed capacity Multifamily and Special Use building For Sale at the University of Minnesota. Excellent like-new condition inside and out with huge renovations & improvements in 2018 including all new systems and an entire 3rd level added. This property has a communal living setup with 1 bedroom units which can accommodate 2 beds each + excellent common area amenities. This is truly a turn-key opportunity for a new Owner who can offer move-in ready units. The Seller has beds for each room which can be part of the sale (~$60k value). Two units on the 1st floor have restrooms in the unit, all other rooms share large recently renovated communal restrooms on each floor with 3 showers and multiple stalls. Perfect for a communal living use such as mental health/rehabilitation or individual room rentals for student or market rate housing. Convenient Dinkytown location.

Location

State MN

County Hennepin

Zoning Business/Commercial,Residential-Multi-Family

Rooms

Basement Full

Interior

Heating Boiler, Forced Air

Cooling Window Unit(s)

Fireplace No

Exterior

Parking Features Detached, Paved, Open

Utilities Available Electric Common, Heating Common, Hot Water Common

Present Use Commercial,Residential

Building

Lot Description Corner Lot

Foundation 14592

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone

Schools

School District Minneapolis

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Listed by Mark Hulsey • RE/MAX Results
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

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