727 15th Avenue SE Minneapolis, MN $ 5,750,000
727 15th Avenue SE
$ 5,750,000
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727 15th Avenue SE

Minneapolis, MN, 55414
$ 5,750,000
Bedrooms-- Baths0.0 Sq 25,596

Monthly Estimate*

$ 35,873

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Commercial Property for sale in Minneapolis, MN

for $5,750,000. This 25,596 square foot building was built in 1936 on a lot size of 0.42 Acre(s).

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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Commercial Active

Price

$ 5,750,000

Property Type

Commercial

Taxes

$ 93,215

Lot Size

0.42 Acre(s)

Year Built

1936

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6224842

Features
Interior
Appliances Coin Operated Washer/Dryer
Basement Full Basement
Cooling System Window Unit(s)
Heating System Boiler Common Hot Water
Sewer City Sewer
Water Source City Water
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Exterior
Construction Brick/Stone Stucco
Parking 1-20 Open Parking Spaces Open Parking Paved
Separate Utilities Hot Water
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Miscellaneous
Commercial Sale Includes Building Sale Includes Land
Documents Leases
Location Corner Lot
Utilities Electric
View City View
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Rental
Owner/Landlord Pays Fuel Insurance Taxes Water
Tenant Pays Cable Electric
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* Excluded Features
List By
Re/Max Results

Broker

mark@resultscommercial.com

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Affordability Calculator

$43,640
Per Month
82%
18%
0%
Monthly Principal & Interest
$35,873
Monthly Property Taxes
$7,768
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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THE TIME TO SELL IS NOW!
Nearby
Minneapolis School District
Pricing History
DatePricePrice ChangeDescription
4/3/2023$5,750,000 -11.54% Price Down
11/14/2022$6,500,000 -3.70% Price Down
10/19/2022$6,750,000 -3.50% Price Down
10/4/2022$6,995,000 -9.74% Price Down
6/23/2022$7,750,000 Listed Price

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727 15th Avenue SE, Minneapolis, MN, 55414 is a Commercial Property for sale at $5,750,000 with 25,596 sqft and a lot size of 0.42 Acre(s). 727 15th Avenue SE has 0.0 baths and was built in 1936. The property's zip code is 55414 which is in Minneapolis, MN