Home › 727 15th Avenue SE, Minneapolis, MN 55414 (MLS# 6224842)

727 15th Avenue SE, Minneapolis, MN 55414 (MLS# 6224842)

$5,750,000
727 15th Avenue SE
Minneapolis, MN 55414
MLS# 6224842
Status: Closed


Property Description
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.

Details
Maps
Contract Information
Availability: Available
Status: Closed
Off Market Date: 2023-06-22
Current Price: 5220000
Closed Date: 2023-07-21
Sales Close Price: 5220000
Contingency: None
ListPrice: 5750000
List Date: 2022-06-22
Owner is an Agent?: No
General Property Information
Living Area Units: Square Feet
Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 15
Year Built: 1936
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 7564
For Sale or Lease: For Sale
Acres: 0.42
Lot Dimensions: 330x110
Assessment Pending: Unknown
Location Tax and Other Information
House Number: 727
Street Name: 15th
Street Suffix: Avenue
Street Direction Suffix: SE
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55414
Complex/Dev/Subdivision: University Add
Additional Parcels Information
Property ID #2: 2402924410021
Building Information
Building Finished SqFt: 25596
Building SqFt: 25596
Lease Details
Land Leased: Not Applicable
Lease Amount Type: Yearly
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 24
Township#: 29
Sale Options
Sale Includes: Building, Land, Leases
Unit Details
Total Units: 66
Property Features
Accessible: None
Air Conditioning: Window Unit(s)
Amenities Shared: Coin-op Laundry Owned
Amenities Unit: City View
Assumable Loan: Not Assumable
Basement: Full
CMU Style: Apartments/Multi Family; High Rise; Low Rise
Construction Status: Previously Owned
Current Use: Commercial; Residential
Exterior: Brick/Stone; Stucco
Financing Terms: Conventional
Fuel: Electric; Natural Gas
Heating: Boiler; Hot Water
Loan Terms: Cash; Conventional
Lock Box Type: None
Lot Description: Corner Lot
On Site Utilities: Electric Common; Heating Common; Hot Water Separate
Owner Pays: Fuel; Insurance; Taxes; Water
Parking Characteristics: Paved Lot; Uncovered/Open
Pool Description: None
Rental License Type: Standard
Sewer: City Sewer/Connected
Tenant Pays: Cable TV; Electricity
Water: City Water/Connected

Listing Office: RE/MAX Results

Last Updated: August - 07 - 2025

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Sunday 24th of May 2026 08:46 PM

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