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1000 5th ST SE Minneapolis, MN 55414
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Key Details
Sold Price $2,700,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Square Footage 19,166 sqft
Price per Sqft $140
Subdivision Saint Anthony Falls
MLS Listing ID 6610616
Sold Date 09/27/24
Year Built 1952
Annual Tax Amount $24,651
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
Community Saint Anthony Falls
Direction Corner of 5th SE & 10th Ave SE near the University of Minnesota
Interior
Heating Boiler, Forced Air
Cooling Window
Exterior
Parking Features Detached Garage, Paved Lot, Uncovered/Open
Utilities Available Electric Common, Heating Common, Hot Water Common
Accessibility None
Building
Lot Description Corner Lot
Water City Water/Connected
Others
Senior Community No
Tax ID 2402924310034
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