1000 5th Street SE, Minneapolis, MN 55414
$2,700,000
Property Type:
Commercial
Lot Size (sq. ft.):
19,166
Status:
Closed
Current Price:
$2,700,000
List Date:
10/01/2024
Last Modified:
8/08/2025
Overview
Description
Listing Details MLS# 6610616
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
- Garage Stalls
- 0
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
Contract Information
- Digitally Altered Photos
- No
- Off Market Date
- 2024-10-01
- Closed Date
- 2024-09-27
- Sales Close Price
- 2700000
- Contingency
- None
- ListPrice
- 2700000
- Owner is an Agent?
- No
- Auction?
- No
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
- Assessment Balance
- 0
Building Information
- Building Finished SqFt
- 14592
- Building SqFt
- 14592
More Information
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
Office/Member Info
- Association
- MAAR
Location, Tax and Other Information
- Legal Description
- BLOCK 001 ST ANTHONY FALLS LOT 5 AND NWLY 49 1/4 FT OF LOT 4
- Listing City
- Minneapolis
- Map Page
- 106
- Municipality
- Minneapolis
- School District
- Minneapolis
- School District Phone
- 612-668-0000
- Zip Plus 4
- 1489
- Property ID Number
- 2402924310034
- Tax Year
- 2023
- Tax Amount
- 24651
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- 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.
- Directions
- Corner of 5th SE & 10th Ave SE near the University of Minnesota
Accessible
- None
- Yes
Air Conditioning
- Window Unit(s)
- Yes
Basement
- Full
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Brick/Stone
- Yes
Financing Terms
- Conventional
- Yes
Fuel
- Natural Gas
- Yes
Heating
- Boiler
- Yes
- Forced Air
- Yes
Lot Description
- Corner Lot
- Yes
Parking Characteristics
- Paved Lot
- Yes
- Uncovered/Open
- Yes
Rental License Type
- Standard
- Yes
Sewer
- City Sewer/Connected
- Yes
Water
- City Water/Connected
- Yes
On Site Utilities
- Electric Common
- Yes
- Heating Common
- Yes
- Hot Water Common
- Yes
CMU Style
- Freestanding
- Yes
- Mixed Use
- Yes
Current Use
- Commercial
- Yes
- Residential
- Yes
Loan Terms
- Cash
- Yes
- Conventional
- Yes
Listing Office:
RE/MAX Results
Last Updated: August - 08 - 2025
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