Minneapolis, MN 55420

$5,005,500

Property Type: Commercial Lot Size (sq. ft.): 94,090 Status: Closed

Current Price: $5,005,500 List Date: 3/04/2025 Last Modified: 6/27/2026

Overview

Description

Southtown Apartments is a 47-unit low-rise style market-rate apartment. This building was built in 1964 and is situated on a 2.16-acre site. Unique property characteristics are the property has 47 lower-level garage stalls and its location fronting along I-35W, the main highway running north/south through the Twin Cities, and recreational amenities such as an enclosed swimming pool and party room. Unit mix – 47-units 1 bedroom, 1 bath – 20 units 2 bedrooms, 1 bath – 23 units 2 bedrooms, 2 baths – 3 units

Listing Details MLS# 6609511

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 130
Waterfront YN: No
Year Built: 1964
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 24422
Garage Stalls: 47
For Sale or Lease: For Sale
Acres: 2.16
Lot Dimensions: 412x262x407x198
Assessment Pending: Unknown

Property Features

Accessible: Partially Wheelchair Air Conditioning: Window Unit(s) Amenities Shared: Coin-op Laundry Leased; Security Building; Other CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Engineered Wood Foundation: Other Fuel: Natural Gas Heating: Boiler Lock Box Type: None On Site Utilities: Electric Separate Parking Characteristics: Parking Lot; Heated Garage Pool Description: Below Ground; Heated; Indoor Rental License Type: Standard Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Off Market Date: 2025-04-02
Closed Date: 2025-06-24
Sales Close Price: 5005500
Contingency: None
ListPrice: 6800000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55420
Complex/Dev/Subdivision: Bloomington 33rd Add

Assessments

Tax With Assessments: 78084

Building Information

Building Finished SqFt: 73267

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 04
Township#: 27

Sale Options

Sale Includes: Building, Land, Leases, Other

Unit Details

Total Units: 47

Listing Office: Coldwell Banker Realty

Last Updated: June - 27 - 2026

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 55420 (MLS# 6609511)