$1,430,000
$1,600,000
10.6%For more information regarding the value of a property, please contact us for a free consultation.
515 5th ST SE Minneapolis, MN 55414
0.25 Acres Lot
Key Details
Sold Price $1,430,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Subdivision Mill Cos Add To St Anthony Fal
MLS Listing ID 6591344
Sold Date 11/22/24
Year Built 1960
Annual Tax Amount $27,260
Tax Year 2022
Contingent None
Lot Size 10,890 Sqft
Acres 0.25
Lot Dimensions 66x165
Property Sub-Type Apartment
Property Description
Centrally located and easy to manage 11-Unit apartment building near the University of MN campus! Majority of the units are 2-BR with one being a hard to find 3-BR that has been recently
updated. This property is in solid condition with longstanding tenants in place and an opportunity for rent increases over time as current tenants vacate. Full brick exterior and a newer flat roof. Park off-street in the rear parking lot behind building, with plenty of space for each unit. Well
maintained mechanicals and solid ownership. Boiler Heat and Natural Gas Fuel. Residential/Multi-Family zoning. Public Transportation is within walking distance to building. This is a
quiet and well leased location for your next investment property.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Basement Block, Daylight/Lookout Windows, Egress Window(s), Finished, Full, Partially Finished, Storage/Locker
Interior
Heating Boiler
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Asphalt, Paved
Utilities Available None
Roof Type Flat,Rubber
Present Use Residential
Building
Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light
Story Two
Foundation 3888
Sewer City Sewer/Connected
Water City Water/Connected, City Water - In Street
Level or Stories Two
Structure Type Brick/Stone
Schools
School District Minneapolis
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