515 5th Street SE Minneapolis, MN 55414

$1,600,000
Pending
Apartment  |  MLS # 6591344
Pending
  • 515 5th St- Beautiful brick architecture
    515 5th St- Beautiful brick architecture
  • Huge private rear parking lot
    Huge private rear parking lot
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  3
  • Sun filled, open front entryway
    Sun filled, open front entryway
  • All stairwell treads being replaced by Nov 14
    All stairwell treads being replaced by Nov 14
  • Ten two bedroom units, one three bedroom!
    Ten two bedroom units, one three bedroom!
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  7
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  8
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  9
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  10
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  11
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  12
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  13
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  14
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  15
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  16
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  17
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  18
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  19
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  20
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  21
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  22
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  23
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  24
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  25
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  26
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  27
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  28
  • 515 5th Street SE, Minneapolis, MN 55414 Listing Photo  29
  • Laundry area - owned machines
    Laundry area - owned machines

About The Listing

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.


Listing courtesy of Jason D. Koenig, Keller Williams Integrity Real
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Property Details

Features

 
 
 
Property Type: Commercial
Status: Pending
Contingency Type: None
Year Built: 1960
MLS #: 6591344
Garage Spaces: 0
Parking Description: Asphalt, Paved
Sewer Description: City Sewer/Connected
Water: City Water/Connected, City Water - In Street
Heat Type: Boiler
Basement: Block, Daylight/Lookout Windows, Egress Window(s), Finished, Full, Partially Finished, Storage/Locker
Construction Description: Brick/Stone
Roof Description: Flat, Rubber
Disability Features: None
Latest Update: 08/24/2024
List Date: 08/23/2024
Listing Agent ID: 506003639
Listing Office: Keller Williams Integrity Real
Listing Office ID: 10071
Data Source: NorthstarMLS - The Regional MLS of Minnesota
Appliances: Range, Refrigerator
Lot Dimensions: 66x165
Lot Size: 0.25 Acres
Lot Features: Public Transit (w/in 6 blks), Tree Coverage - Light
School District: Minneapolis
Tax Year: 2022
Estimated Taxes: $27,260
Contingency Type: None
City: Minneapolis
Zip: 55414
County: Hennepin
Subdivision: Mill Cos Add To St Anthony Fal
State: MN
Listing last updated: 08/24/24

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