727 15th Avenue SE

Minneapolis, MN 55414 View Map $5,220,000 Ask a Question
Acres0.42
Year1936
Minneapolis University Add | MLS 6224842 | 727 15th Avenue SE | Zip Code 55414 Photo 1
Minneapolis University Add | MLS 6224842 | 727 15th Avenue SE | Zip Code 55414 Map

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Status: Sold
Property Type:Commercial Sale
MLS #:6224842
Date Sold:7/21/2023
Lot Size:0.42 Acres
County:Hennepin
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.

Detailed Maps

Price Change History

Date Old Price New Price Percent Change
10/4/2022$7,750,000$6,995,000-9.7%
10/19/2022$6,995,000$6,750,000-3.5%
11/14/2022$6,750,000$6,500,000-3.7%
4/3/2023$6,500,000$5,750,000-11.5%
8/14/2023$5,750,000$5,220,000-9.2%

Community Information

Address:727 15th Avenue SE, Minneapolis, MN 55414
County:Hennepin
City:Minneapolis
School District:Minneapolis
Subdivision:University Add
Zip Code:55414
Neighborhood:Marcy Holmes

Features / Amenities

Amenities: City View
Cooling: Window Unit(s)
Heating: Boiler, Hot Water
Fuel: Electric, Natural Gas

Property Features

Lot Size: 0.42 Acres
Lot Dimensions:330x110
Lot Features: Corner Lot
Utilities: Electric Common, Heating Common, Hot Water Separate
Sewer: City Sewer/Connected
Water: City Water/Connected
Zoning:Residential-Multi-Family
Directions:Corner of 15th Ave SE & SE 8th St near the University of Minnesota.

Tax and Financial Info

Sale Includes: Building, Land, Leases
Tax Year: 2022
Tax Annual Amount: $93,215
Association Amenities: Coin-op Laundry Owned

Schools

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Listing Information Last Updated 6/13/2024
Listing provided courtesy of RE/MAX Results.
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