707 SE 5th Street SE Minneapolis, MN 55414
For Sale MLS# 6735952
11,442 sq ft Commercial
Details for 707 SE 5th Street SE
MLS# 6735952
Description for 707 SE 5th Street SE, Minneapolis, MN, 55414
707-709 5th Street Southeast in Minneapolis, MN is a well-maintained vintage 13-unit apartment property located in the heart of the Marcy Holmes neighborhood of Minneapolis. The building consists of nine 1-bedroom units and four studio units. Strong rental history with an opportunity to increase rents. Property has a 6-stall garage for added income. Currently only charging $45 per month. On-site laundry currently is not being charged. Storage units are in the basement and are currently included in the rent. Two more potential income sources. Marcy-Holmes is well known for its commercial districts, St. Anthony Main and Dinkytown, and its immediate proximity to the East Bank of the University of Minnesota-Twin Cities campus. Property is home to U of MN students and working-class individuals. Over 80% of the neighborhood is renters. Property Manager lives on site.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Lot Size: 0.25 Acres
Square Feet: 11,442 sq ft
Year Built: 1924
Foundation: 3,814 sq ft
Garage: Yes
Stories: 2 Stories
Subdivision: Mill Cos Add To St Anthony Falls
Number Of Units Total: 13
Current Use: Residential
County: Hennepin
Days On Market: 192
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Appliances: Range, Refrigerator
Flooring: Carpet,Wood
Utilities
Water: City Water - In Street
Sewer: City Sewer - In Street
Other Utilities: Electric Separate,Heating Common,Hot Water Common
Cooling: Window
Heating: Natural Gas, Boiler
Exterior / Lot Features
Garage Spaces: 6
Open Parking: 3
Parking Description: Parking Lot, Garage Dimensions - 10 x 20, Garage Door Height - 8, Garage Door Width - 8, Garage Sq Ft - 1200.
Exterior: Brick/Stone
Roof: Rubber, Age Over 8 Years
Lot Dimensions: 66.00 X 165.00
Zoning: Residential-Multi-Family
Topography: Level
Additional Exterior/Lot Features: Tree Coverage - Medium, Land Inclusions - Building,Leases,Rental License, Road Frontage - Sidewalks, Paved Streets, Street Lights
Community Features
Community Features: Other
Driving Directions
35w north to University/4th Street exit. Turn west/left on 4th Street, turn north/right on 7th Street SE and turn east/right on 5th Street. Building on left.
Financial Considerations
Tenant Pays: Electric
Owner Pays: Common Area Maintenance,Electric,Heat,Hot Water,Insurance,Lawn,Maintenance/Repair,Sewer,Taxes,Trash
Gross Income: 143220
Expense: 54420
Tax/Property ID: 2402924230045
Tax Amount: 21702
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Metro Group Real Estate
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 707 SE 5th Street SE
Sales History
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 707 SE 5th Street SE
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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