Active

515 5th Street SE

Minneapolis MN, 55414

$1,600,000


$149.64 per sqft

Active

10,692 sqft

Commercial

Built in 1960

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.

6476128

MLS ID

January 23, 2024

Listed

May 9, 2024

Updated

Map

515 5th Street SE
Minneapolis MN, 55414

Interior Features

Total Stories

2


Appliances

Range, Refrigerator


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Boiler

Exterior/Building Features

Lot Size

0.25 Acres


Lot Features

Public Transit (w/in 6 blks), Tree Coverage - Light


Roof

Flat, Rubber


Sewer

City Sewer/Connected

School Information

School District

Minneapolis

Other Property Details

Taxes

$27,260


Tax Frequency

Annually


Days on Market

92


Garage

No


Parking

Asphalt, Paved


View

No


County

Hennepin


Water Source

City Water/Connected, City Water - In Street


Pool

No


Buyer Agency Compensation

2.25%

 

Courtesy of Keller Williams Integrity RE

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 Roost Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 8:44 AM UTC, 5/9/2024

Powered byLuxury Presence