727 15th Avenue SE

Minneapolis, MN, 55414

$6,500,000

$253 per ft²
$6,500,000
$253 per ft²
Active
Active
 - For Sale
carpenters-square
25,596 ft²
property_type
Commercial
calendar
Built 1936
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.
MLS® ID:
6224842
Listed:
6/21/22
Updated:
3/29/23

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Cooling
Window Unit(s)
Heating
Boiler, Hot Water

Exterior/Building Features

Lot Size
0.42 acres lot
Lot Details
Corner Lot
Sewer
City Sewer/Connected

School Information

High School
Minneapolis

Other Property Details

Taxes
$93215
Tax Frequency
per YEAR
Association Amenities
Coin-op Laundry Owned
Garage
No
Parking
Paved, Open
View
N
County
Hennepin
Utilities
Electric Common, Heating Common, Hot Water Separate
Water Source
City Water/Connected
Pool
No
Sub Agency Compensation
0.00
Buyer Agency Compensation
1.00
Transaction Broker Compensation
0.0000

Property History

Date
Event
Price
Value
8/26/22
Pending
-
-
10/4/22
Price Change
$6,995,000
-9%
10/4/22
Active
-
-
10/19/22
Price Change
$6,750,000
-3%
11/14/22
Price Change
$6,500,000
-3%

 

Courtesy of RE/MAX Results

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Steve Schmitz shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2023 Northstar MLS. All rights reserved. 

Data last updated 4:36 PM UTC, 3/29/23

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