1000 5th Street SE, Minneapolis, MN 55414 (MLS# 6610616)


$2,700,000
1000 5th Street SE
Minneapolis, MN 55414
MLS# 6610616
Status: Closed



1000 5th Street SE, Minneapolis, MN 55414
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1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414 1000 5th Street SE, Minneapolis, MN 55414

Property Description
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.

Details
Maps
Contract Information
Digitally Altered Photos: No
Status: Closed
Off Market Date: 2024-10-01
Current Price: 2700000
Closed Date: 2024-09-27
Sales Close Price: 2700000
Contingency: None
ListPrice: 2700000
List Date: 2024-10-01
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 19
Year Built: 1952
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Residential-Multi-Family
Foundation Size: 14592
For Sale or Lease: For Sale
Acres: 0.44
Lot Dimensions: 165x115
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 1000
Street Name: 5th
Street Suffix: Street
Street Direction Suffix: SE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: Saint Anthony Falls
Assessments
Tax With Assessments: 24651
Building Information
Building Finished SqFt: 14592
Building SqFt: 14592
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 24
Township#: 29
Sale Options
Sale Includes: Building, Land
Unit Details
Total Units: 26
Property Features
Accessible: None
Air Conditioning: Window Unit(s)
Basement: Full
CMU Style: Freestanding; Mixed Use
Construction Status: Previously Owned
Current Use: Commercial; Residential
Exterior: Brick/Stone
Financing Terms: Conventional
Fuel: Natural Gas
Heating: Boiler; Forced Air
Loan Terms: Cash; Conventional
Lot Description: Corner Lot
On Site Utilities: Electric Common; Heating Common; Hot Water Common
Parking Characteristics: Paved Lot; Uncovered/Open
Rental License Type: Standard
Sewer: City Sewer/Connected
Water: City Water/Connected

Listing Office: RE/MAX Results

Last Updated: August - 08 - 2025

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