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Sold for $1,430,000
Sold for $1,430,000
515 5th St SE Minneapolis, MN 55414
$1,430,000
CLOSEDBeds
23
Baths
10
Sqft
Acres
0.25
Year
1960
Close Date
Nov 22, 2024
Property Type
Commercial Sale
Sub Type
Date Listed
Aug 1, 2024
Description of 515 5th St SE, Minneapolis, MN 55414
Listing details for 515 5th St SE, Minneapolis, MN 55414 : 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.
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Listing Updated : 08-25-2026 at 12:59 AM CDT
Property Details
Property Overview
Listing Price
$1,600,000
MLS #ID
6591344
Close Price
$1,430,000
Close Date
Nov 22, 2024
Bedrooms
23
Bathrooms
10
Square Footage
Acres
0.25
Year
1960
Days on Site
40 Days
Property Type
Commercial Sale
Property Sub Type
Price per Sq Ft
$0
Date Listed
Aug 1, 2024
Location
Street Address
515 5th St SE
City
State
Minnesota
ZIP Code
County
Neighborhood / Subdivision
Driving Directions
35 W to 4th St Exit to 5th Ave, to 5th Street SE
Schools
School District
Home Specification
Bedrooms
23
Construction / Architecture
Year Built
1960
Foundation
Block
Roof
Flat and Rubber
New Construction
No
Price per Sq Ft
$0
Lot Features
Public Transit (w/in 6 blks) and Tree Coverage - Light
Lot Size (Acres)
0.25
Lot Dimensions
66x165
Interior Details
Appliances
Range and Refrigerator
Fireplace
No
Heating
Boiler
Cooling
None
Exterior Details
Garage
No
Parking Features
Asphalt and Paved Lot
Exterior Features
Stone
Fencing
None
Water Source
City Water/Connected and City Water - In Street
Sewer
City Sewer/Connected
Taxes, HOA & Financing
Annual Property Tax
$27,260.00
HOA Fee Includes
None
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Properties displayed may be listed or sold by various participants in the MLS
Source
NorthstarMLS as distributed by MLS GRID, MLS#: 6591344
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Property History
DateEventPrice
11/22/2024
Sold
$1,430,000
Source:NorthstarMLS #NST6591344
NorthstarMLS #NST6591344 8/1/2024
Listed for sale
—
Source:NorthstarMLS #NST6591344
NorthstarMLS #NST6591344Location of 515 5th St SE, Minneapolis, MN 55414
Streetview of 515 5th St SE, Minneapolis, MN 55414
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Based on information submitted to the MLS GRID as of 2026-08-25. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website.
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