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$724,900
Est. payment /mo
7,405 Sqft Lot
Active
1005 University AVE SE Minneapolis, MN 55414
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Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Saint Anthony Falls
MLS Listing ID 7159629
Year Built 1900
Annual Tax Amount $16,346
Tax Year 2026
Contingent None
Lot Size 7,405 Sqft
Lot Dimensions 76 x 95
Property Description
Iconic Corner Location Offering Income Today and Redevelopment Potential
1005 University Avenue SE presents a rare opportunity to acquire an income-producing multifamily property on a prominent corner near the University of Minnesota. The approximately 7,405-square-foot site currently features a distinctive Victorian-style nine-unit building, offering investors the ability to maintain rental income while evaluating renovation, repositioning, or future redevelopment strategies.
Located near campus, Dinkytown, transit, dining, and neighborhood amenities, the property benefits from strong visibility and consistent demand within one of Minneapolis' most active university-area rental markets. This offering may appeal to multifamily investors, student-housing operators, and developers seeking a well-located urban infill opportunity with both current income and long-term upside. Any redevelopment potential is subject to zoning, city approvals, and buyer verification.
1005 University Avenue SE presents a rare opportunity to acquire an income-producing multifamily property on a prominent corner near the University of Minnesota. The approximately 7,405-square-foot site currently features a distinctive Victorian-style nine-unit building, offering investors the ability to maintain rental income while evaluating renovation, repositioning, or future redevelopment strategies.
Located near campus, Dinkytown, transit, dining, and neighborhood amenities, the property benefits from strong visibility and consistent demand within one of Minneapolis' most active university-area rental markets. This offering may appeal to multifamily investors, student-housing operators, and developers seeking a well-located urban infill opportunity with both current income and long-term upside. Any redevelopment potential is subject to zoning, city approvals, and buyer verification.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Boiler, Hot Water
Inclusions Building
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Common, Heating Common, Hot Water Common
Present Use Residential
Building
Story Three Or More
Foundation 2734
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Three Or More
New Construction false
Schools
School District Minneapolis
Listed by Eda Rivers • Compass
NEARBY SCHOOL & BUSINESS
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