Active

1000 5th Street SE

Minneapolis MN, 55414

$3,500,000


$239.86 per sqft

Active

14,592 sqft

Commercial

Built in 1952

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-the h

6345745

MLS ID

March 22, 2023

Listed

November 22, 2024

Updated

Map

1000 5th Street SE
Minneapolis MN, 55414

Interior Features

Fireplace

No


Cooling

Yes


Cooling Description

Window Unit(s)


Heating

Yes


Heating Description

Boiler, Forced Air

Exterior/Building Features

Lot Size

0.44 Acres


Lot Features

Corner Lot


Sewer

City Sewer/Connected

School Information

School District

Minneapolis

Other Property Details

Taxes

$24,651


Tax Frequency

Annually


Days on Market

210


Garage

No


Parking

Detached, Paved, Open


View

No


County

Hennepin


Water Source

City Water/Connected


Pool

No

 

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 Heather Zielinski shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 7:51 AM UTC, 11/22/2024

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