Minneapolis, MN 55414

$5,220,000

Property Type: Commercial Square Footage: 25,596 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

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.

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

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

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

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

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. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

, Minneapolis, MN 55414 (MLS# 6224842)