$7,750,000

727 15th Avenue SE, Minneapolis, MN 55414


727 15th Avenue SE Minneapolis, MN 55414

For Sale MLS# 6224842

Other

Data current as of {{getLocalTime('2022-06-27T06:35:28Z')}}

Details for 727 15th Avenue SE

MLS# 6224842

Description for 727 15th Avenue SE, Minneapolis, MN, 55414


Results Commercial is 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 Information


Property Type: Commercial

Status: Active

Lot Size: 0.42 Acres

Square Feet: 25,596 sq ft

Year Built: 1936

Foundation: 7,564 sq ft

Garage: No

Stories:

Construction:

Property Attached: No

Date Available:

Model Home:

Development:

Completion date:

Subdivision: University Add

Builder:

Foundation:

Total Units: 66

Current Use: Commercial,Residential

Background Check: No

Furnished:

Smoking Permitted: No

In Foreclosure: No

Lender Owned: No

Potential Short Sale: No

Auction: No

County: Hennepin

Days On Market: 4

HERS Score:

Construction Status: Previously Owned

School Information


District: 1 - Minneapolis

Elementary:

Middle:

High:

Interior Features


Square Footage above:

Square Footage below:

Flooring:

Basement: Full

Additional Interior Features:

Utilities


Water: City Water/Connected

Sewer: City Sewer/Connected

Available Utilities: Electric Common,Heating Common,Hot Water Separate

Other Utilities:

Cooling: Window

Heating: Electric, Hot Water, Boiler, Natural Gas

Exterior / Lot Features


Parking Spaces: 15

Parking Description: Uncovered/Open, Paved Lot

Exterior: Stucco, Brick/Stone

Lot View:

Lot Dimensions: 330x110

Farm Type:

Crop Type:

Zoning: Residential-Multi-Family

Additional Exterior/Lot Features: City View, Corner Lot, Land Inclusions - Building,Land,Leases

Soil Type:

Tillable Acres:

Community Features


Complex Features: Coin-op Laundry Owned

Pets Allowed: No

Association Name:

Driving Directions


Corner of 15th Ave SE & SE 8th St near the University of Minnesota.

Financial Considerations


Other Deposit Fees:

Assessments: $56

Covenants/Deed Restrictions:

Terms:

Tenant Pays: Cable T.V.,Electric

Owner Pays: Fuel,Insurance,Taxes,Water/Sewer

Ownership Type:

Tax/Property ID: 2402924410020

Tax Amount: $93,215

Tax Year: 2022

HomeStead Description: Non-Homesteaded

Price Changes


$7,750,000 Original Price
$7,750,000 Current Price
+$0 Total Change
Date Price Change
6/23/2022 02:17 PM $7,750,000

Sales History

Date Price Change
{{sales.saleDate}} {{sales.saleAmount}} {{sales.formattedChange}}
Currently not available.

Tax Summary

Tax Year Estimated Market Value Taxable Market Value Total Tax
{{taxes.taxYear}} {{taxes.calculatedTotalValue}} {{taxes.assessedTotalValue}} {{taxes.taxAmount}}
Currently not available.

Data powered by ATTOM Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed.

Schools nearby 727 15th Avenue SE

Schools in attendance boundaries Grades Distance SchoolDigger® Rating i
{{forSchool.institutionNameDisplay}} ({{forSchool.institutionTypeDisplay}}) {{forSchool.gradeSpanCode}} {{forSchool.distanceDisplay}} {{forSchool.greatSchoolsTestRatingDisplay}}


Schools nearby Grades Distance SchoolDigger® Rating i
{{nearSchool.institutionNameDisplay}} ({{nearSchool.institutionTypeDisplay}}) {{nearSchool.gradeSpanCode}} {{nearSchool.distanceDisplay}} {{nearSchool.greatSchoolsTestRatingDisplay}}

Data powered by ATTOM Data Solutions. Copyright© 2022. 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.

Stats for homes in {{marketTrend.postalCity}}, {{marketTrend.stateOrProvince}}

{{marketTrend.medianSalePriceDisplay}} Median Sold
Price
Up arrow
{{marketTrend.recentSalesDisplay}} Recently Sold
Listings
Up arrow
{{marketTrend.medianDaysOnMarket}} Days on
Market
Up arrow
{{marketTrend.activeListingsDisplay}} Active
Listings
Change from prior year (3-month average) Based on information from the applicable Multiple Listing Service for the years indicated. Copyright ©2022. All rights reserved.
  • Population {{marketTrend.populationDisplay}}
  • Population Density (persons per Square Mile) {{marketTrend.populationDensityDisplay}}
  • Median Household Income {{marketTrend.medianHouseholdIncomeDisplay}}
  • Households with Children {{marketTrend.householdsWithChildrenDisplay}}
  • Median Age of Home {{marketTrend.medianAgeOfHomeDisplay}}
  • Owned Homes {{marketTrend.dwellingsOwnedDisplay}}
  • Rented Homes {{marketTrend.dwellingsRentedDisplay}}
  • Vacant Homes {{marketTrend.dwellingsVacantDisplay}}

Currently not available.

Data powered by ATTOM Data Solutions. Copyright© 2022. Information deemed reliable but not guaranteed.

Walk Score

Please enter a valid phone number.
Clear all
*Required field
{{contactForm.message}}

Request Sent

Thank you for your inquiry. We will be in touch shortly regarding your question.

Please enter a valid phone number.

Are you working with an Edina Realty agent?*

Clear all
*Required field

{{scheduleShowing.message}}

Request Sent

Thank you for your inquiry. We will be in touch shortly regarding your question.

Status Definitions

For sale: Properties which are available for showings and purchase

Active contingent: Properties which are available for showing but are under contract with another buyer

Pending: Properties which are under contract with a buyer and are no longer available for showings

Sold: Properties on which the sale has closed.

Coming soon: Properties which will be on the market soon and are not available for showings.

Contingent and Pending statuses may not be available for all listings