1005 University Avenue SE Minneapolis, MN $ 724,900
1005 University Avenue SE
$ 724,900
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1005 University Avenue SE

Minneapolis, MN, 55414
$ 724,900
Bedrooms-- Baths-- Sq 7,440

Monthly Estimate*

$ 5,007

1005 University Avenue SE, Minneapolis, MN 55414 - Image 1
1005 University Avenue SE, Minneapolis, MN 55414 - Image 2

Commercial Property for sale in Minneapolis, MN

for $724,900. This 7,440 square foot building was built in 1900 on a lot size of 0.17.

Iconic Corner Location Offering Income Today and Redevelopment Potential 1005 University Avenue SE presents a rare opportunity to acquire an income-producing multifamily property on a prominent corner near the University of Minnesota. The approximately 7,405-square-foot site currently features a distinctive Victorian-style nine-unit building, offering investors the ability to maintain rental income while evaluating renovation, repositioning, or future redevelopment strategies. Located near campus, Dinkytown, transit, dining, and neighborhood amenities, the property benefits from strong visibility and consistent demand within one of Minneapolis’ most active university-area rental markets. This offering may appeal to multifamily investors, student-housing operators, and developers seeking a well-located urban infill opportunity with both current income and long-term upside. Any redevelopment potential is subject to zoning, city approvals, and buyer verification.

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Commercial Active

Price

$ 724,900

Property Type

Commercial

Taxes

$ 16,346

Style

Lot Size

0.17

Year Built

1900

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7159629

Features
General
Sewer City Sewer/Connected
Heating Boiler Hot Water
Utilities Electric Common Heating Common Hot Water Common
Garage Spaces 0
Year Built 1900
Tenant Pays Broadband Cable TV
Levels Three Or More
Tax Year 2026
Current Use Residential
Gross Income 85620
Accessibility None
County Hennepin
Net Operating Income 35807
Operating Expense 49813
Insurance Expense 12154
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 2911
Subdivision Name Saint Anthony Falls
Directions From I-35W take Exit 18 for University Avenue/4th Street SE. Head east on University Avenue SE to 10th Avenue SE. Property is on the left at the northeast corner 1005 University Avenue SE.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 9
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 16346
Electric Expense 4810
Fuel Expense 7743
Trash Expense 2145
Water Sewer Expense 3104
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features Parking Lot
Water Source City Water/Connected
Inclusions Building
Lot Size Area 0.17
Building Area Total 7440
Lot Dimensions 76 x 95
Waterfront Y/N N
Foundation Area 2734
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Interior
Basement (Y/N) N
Fuel Other
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Internal Only
Street Number 1 1005
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* Excluded Features
List By
Compass

Broker

eda.rivers@compass.com

Email

Affordability Calculator

$6,369
Per Month
79%
21%
0%
Monthly Principal & Interest
$5,007
Monthly Property Taxes
$1,362
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% 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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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/14/2026$724,900 Listed Price

Map


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1005 University Avenue SE, Minneapolis, MN, 55414 is a Commercial Property for sale at $724,900 with 7,440 sqft and a lot size of 0.17. 1005 University Avenue SE was built in 1900. The property's zip code is 55414 which is in Minneapolis, MN