727 15th Avenue SE, Minneapolis, MN 55414
$5,220,000
Property Type:
Commercial
Lot Size (sq. ft.):
18,295
Status:
Closed
Current Price:
$5,220,000
List Date:
6/22/2022
Last Modified:
8/07/2025
Overview
Description
Listing Details MLS# 6224842
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
- Garage Stalls
- 0
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
Contract Information
- Availability
- Available
- Off Market Date
- 2023-06-22
- Closed Date
- 2023-07-21
- Sales Close Price
- 5220000
- Contingency
- None
- ListPrice
- 5750000
- Owner is an Agent?
- No
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
More Information
Lease Details
- Land Leased
- Not Applicable
- Lease Amount Type
- Yearly
- Monthly Land Lease Amt
- 0
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
Office/Member Info
- Association
- MAAR
- MLSID
- RMLS
Location, Tax and Other Information
- Legal Description
- LOT 007 BLOCK 007 UNIVERSITY ADDN TO MPLS
- Listing City
- Minneapolis
- Map Page
- 107
- Rental License?
- Yes
- School District
- Minneapolis
- Map Coordinate Source
- RETS
- Zip Plus 4
- 9348
- Property ID Number
- 2402924410020
- In Foreclosure?
- No
- Potential Short Sale?
- No
- Lender Owned?
- No
Directions & Remarks
- Public Remarks
- 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.
- Directions
- Corner of 15th Ave SE & SE 8th St near the University of Minnesota.
Accessible
- None
- Yes
Air Conditioning
- Window Unit(s)
- Yes
Amenities Shared
- Coin-op Laundry Owned
- Yes
Amenities Unit
- City View
- Yes
Assumable Loan
- Not Assumable
- Yes
Basement
- Foundation Dimensions
- No
- Full
- Yes
Construction Status
- Previously Owned
- Yes
Exterior
- Brick/Stone
- Yes
- Stucco
- Yes
Financing Terms
- Conventional
- Yes
Fuel
- Electric
- Yes
- Natural Gas
- Yes
Heating
- Boiler
- Yes
- Hot Water
- Yes
Lock Box Type
- None
- Yes
Lot Description
- Corner Lot
- Yes
Owner Pays
- Fuel
- Yes
- Insurance
- Yes
- Taxes
- Yes
- Water
- Yes
Parking Characteristics
- Paved Lot
- Yes
- Uncovered/Open
- Yes
Pool Description
- None
- Yes
Rental License Type
- Standard
- Yes
Sewer
- City Sewer/Connected
- Yes
Water
- City Water/Connected
- Yes
Tenant Pays
- Cable TV
- Yes
- Electricity
- Yes
On Site Utilities
- Electric Common
- Yes
- Heating Common
- Yes
- Hot Water Separate
- Yes
CMU Style
- Apartments/Multi Family
- Yes
- High Rise
- Yes
- Low Rise
- Yes
Current Use
- Commercial
- Yes
- Residential
- Yes
Loan Terms
- Cash
- Yes
- Conventional
- Yes
Listing Office:
RE/MAX Results
Last Updated: August - 07 - 2025
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