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515 5th Street SE Minneapolis, MN $ 1,600,000
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$ 1,600,000 Get more info
515 5th Street SE
$ 1,600,000
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Share Save

515 5th Street SE

Minneapolis, MN, 55414
$ 1,600,000
Baths0.0 Sq 10,692

Monthly Estimate*

$ 11,176

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Studio

Commercial Property for sale in Minneapolis, MN

for $1,600,000. This 10,692 square foot building was built in 1960 on a lot size of 0.25.

Centrally located and easy to manage 11-Unit apartment building near the University of MN campus! Majority of the units are 2-BR with one being a hard to find 3-BR that has been recently updated. This property is in solid condition with longstanding tenants in place and an opportunity for rent increases over time as current tenants vacate. Full brick exterior and a newer flat roof. Park off-street in the rear parking lot behind building, with plenty of space for each unit. Well maintained mechanicals and solid ownership. Boiler Heat and Natural Gas Fuel. Residential/Multi-Family zoning. Public Transportation is within walking distance to building. This is a quiet and well leased location for your next investment property.

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Commercial Active

Price

$ 1,600,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 27,260

Style

Apartment

Lot Size

0.25

Year Built

1960

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6476128
Features
General
Sewer City Sewer/Connected
Heating Boiler
Utilities None
Roof Flat Rubber
Appliances Range Refrigerator
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1960
Tenant Pays Cable TV Electricity
Topography Level
Levels Two
Property SubType Apartment
Tax Year 2022
Current Use Residential
Gross Income 156000
Accessibility None
County Hennepin
Property Type Commercial Sale
Contingency Inspection
Subdivision Name Mill Cos Add To St Anthony Fal
Directions 35 W to 4th St Exit to 5th Ave to 5th Street SE
City Minneapolis
Buyer Agent Compensation 2.25
High School District Minneapolis
Zoning Description Residential-Multi-Family
Total Units 11
Street Name 5th
Land Lease Y/N N
Tax Annual Amount 27260
Additional Parcels Y/N N
Days on Market 92
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s) Main Floor Primary Bedroom Natural Woodwork
Buyer Agent Compensation Type %
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Interior
Basement Block Daylight/Lookout Windows Egress Window(s) Finished Full Partially Finished Storage/Locker
Basement (Y/N) Y
Street Suffix Street
Fuel Natural Gas
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Exterior
Parking Features Asphalt Paved
Lot Features Public Transit (w/in 6 blks) Tree Coverage - Light
Water Source City Water/Connected City Water - In Street
Inclusions Building Leases
Lot Size Area 0.25
Building Area Total 10692
Lot Dimensions 66x165
Lot Size Units Acres
Foundation Area 3888
Road Frontage Type City Street Curbs Paved Streets Sidewalks
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Internal Only
Street Number 1 515
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* Excluded Features
List By
Keller Williams Integrity Re

Broker

jason@theoddcoupleteam.com

Email

Affordability Calculator

$13,448
Per Month
83%
17%
0%
Monthly Principal & Interest
$11,176
Monthly Property Taxes
$2,272
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% 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
THE TIME TO SELL IS NOW!
Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
1/23/2024$1,600,000 Listed Price

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515 5th Street SE, Minneapolis, MN, 55414 is a Commercial Property for sale at $1,600,000 with 10,692 sqft and a lot size of 0.25. 515 5th Street SE is a studio with 0.0 baths and was built in 1960. The property's zip code is 55414 which is in Minneapolis, MN

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