For Sale $1,600,000
Property Type Multi-Family
Property Size 7,776 SF
Units 11
Lot Size 0.25 Acre
Property Tenancy Multi-Tenant
Year Built 1960
Date Updated Apr 3, 2024

Wonderful location, with tons of nearby restaurants & amenities and close to the U of MN. 35 W to 4th St Exit to 5th Ave, to 5th Street SECome see this rarely available, easy to manage brick 11 unit apartment building right next to the U of M campus! All units are two bedrooms in addition to a brand new basement 3 bedroom unit. This property is neat, tidy, square, and easy to maintain with full brick exterior and newer flat roof. Huge rear parking lot with space for every unit. Mechanicals have been meticulously maintained. Long term owner who has been very active in maintaining great condition throughout. Never have an issue with vacancy again! This location is special, easy to rent, and quiet. Don't miss out on this opportunity. 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. Tenants pay for Electric & Phone/Internet. Landlord pays for all other building expenses.

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Highlights

11 Units
Close to the University of MN
Easy to manage
Tons of upside with rent increases and utilities moved to tenants
Sale Price: $1,600,000
Unit Mix:
10, 2 BR & 1 BA Units
1, 3BR & 1 BA Units
Lot Size: 10,978 SF
Building Size: 7,776 SF
Year Built: 1960

Contacts

Chad Heer

KW Commercial - Roseville, MN

(612) 963-5147

Location

Getting Around

Walk Score ®
85/100 Very Walkable
Transit Score ®
63/100 Good Transit
Bike Score ®
99/100 Biker's Paradise

Map
Street

City Minneapolis, MN
Neighborhood Marcy Holmes
Zip Code 55414
Market Minneapolis St Paul

Points of Interest

West Bank

1.01 miles
U.S. Bank Stadium

1.03 miles
Government Plaza

1.15 miles
East Bank

1.16 miles
Nicollet Mall

1.26 miles
Cedar-Riverside

1.27 miles
Warehouse District/Hennepin Avenue

1.37 miles
Stadium Village

1.42 miles
Target Field

1.51 miles
Target Field - Platform 1

1.52 miles

Holiday

0.37 miles
ChargePoint

0.86 miles
Nelson Auto World

0.89 miles
Bobby and Steve's Auto World

0.89 miles
Speedway

1.15 miles
Greenlots

1.19 miles
Tesla Supercharger

1.52 miles
Speedway

1.54 miles
Tesoro

1.59 miles
Holiday

1.64 miles

St. Anthony Falls Ramp

0.38 miles
C-44

0.46 miles
C-45

0.48 miles
C-42

0.51 miles
C-43

0.53 miles
1308 5th Street SE Garage

0.60 miles
Mill Ruins Parking

0.63 miles
C-48

0.69 miles
C-47

0.69 miles
C-20

0.70 miles

University Inn

0.34 miles
Wales House

0.47 miles
Nicollet Island Inn

0.68 miles
Aloft Minneapolis

0.80 miles
Residence Inn at the Depot

0.86 miles
Courtyard Minneapolis Downtown

0.88 miles
Canopy by Hilton Minneapolis Mill District

0.90 miles
The Depot Renaissance Minneapolis Hotel

0.91 miles
Radisson RED Minneapolis Downtown

0.95 miles
The Hotel Minneapolis

1.15 miles

Alma

0.19 miles
Sphynx

0.25 miles
Brasa

0.31 miles
Eli's Food & Cocktails

0.33 miles
R Tacos

0.34 miles
Spitz

0.34 miles
White Castle

0.36 miles
Lu's Sandwiches

0.38 miles
Conga Latin Bistro

0.39 miles
Jefe

0.39 miles

Marcy Open School

0.18 miles
Miniapple International Montessori Schools

0.49 miles
Church Holy Trinity - St. Anskar

0.58 miles
DeLaSalle High School

0.78 miles
Sheridan Global Arts & Communications School

1.18 miles
University of Minnesota School of Dentistry

1.20 miles
The University of Minnesota, Twin Cities Campus

1.39 miles
St Catherine University

1.40 miles
North Central University

1.42 miles
Augsburg University

1.42 miles

Como Early Learning Center

1.56 miles
KinderCare

1.64 miles
Child Garden Montessori

2.12 miles
Central Care for Children

2.28 miles
Summit Early Learning Center

2.30 miles
St. Anthony Park

2.64 miles
Lucky Stars Child Care Services

2.70 miles
KidsPark Hourly Child Care

3.05 miles
New Horizon Academy

3.06 miles
Bethlehem Child Care Center

3.33 miles

Frequently Asked Questions

What is the lease rate for 5th Street 11-Unit?

Rental asking rate at 5th Street 11-Unit is $800,000.00/YR.

What is the total square footage of 5th Street 11-Unit?

5th Street 11-Unit totals 7,776 square feet.

When was this property built?

5th Street 11-Unit was built in 1960.

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