727 15th Avenue Se Minneapolis, MN 55414

$6,500,000 N/A N/A
Price Bedrooms Bathrooms
Price has dropped 16.1% since 6/23/2022 Price History
Status: Active

MLS #: 6224842

Commercial Sale Sq. Feet: N/A
On Site: 163 Days Lot Size: 0.42 Acres
Neighborhood: See All Properties for Sale in Marcy Holmes
DESCRIPTION
Click Map to Enlarge
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.
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
Parking Features: Paved, Open
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.
COMMUNITY, TAX AND RELATED INFO
School District: Minneapolis
County: Hennepin
Sale Includes: Building, Land, Leases
Tax Year: 2022
Tax Annual Amount: $93, 215
Association Amenities: Coin-op Laundry Owned
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Listing Information Last Updated 12/2/2022
© Copyright 2022 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than the owner of this website are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers. The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.
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Property Summary

727 15th Avenue Se
Minneapolis, MN 55414

MLS®: 6224842

List Price: $6,500,000

Description:

MLS® 6224842: This property at 727 15th Avenue Se, Minneapolis, MN 55414 is located in the Marcy Holmes subdivision and is listed for $6,500,000. MLS® 6224842 has been on the market for 162 days.