$2,700,000
$2,700,000
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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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