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Property Details

1000 5th Street SE
Minneapolis, MN 55414

Price: $3,500,000

Listing # 6345745


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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–the h

Basic Features:

Type Commercial Sale
Zoning Business/Commercial,Residential-Multi-Family
Year Built 1952
School District Minneapolis
County Hennepin
Lot Size 165x115
Acreage 0.44 acres
Lot Description Corner Lot
Number of Units 26
Tax $ / Year $24,651 / 2023
Tax ID
Legal Description

Includes:

Building,Land,

Excludes:

Additional Features
Government Programs
Section 24
Terrain Type
Basement Full
Cooling Window Unit(s)
Driveway
Exterior Features Brick/Stone
Foundation 14592.00
Fuel Source Natural Gas
Handicap Access None
Heating Boiler,Forced Air
Sewer Service City Sewer/Connected
Water Service City Water/Connected
Water Heater
Parking Lot Detached,Paved,Open
Exterior Construction
Utilities Electric Common,Heating Common,Hot Water Common
Laundry N

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