About 1005 University Avenue Se
Iconic Corner Location Offering Income Today and Redevelopment Potential 1005 University Avenue SE presents a rare opportunity to acquire an income-producing multifamily property on a prominent corner near the University of Minnesota. The approximately 7,405-square-foot site currently features a distinctive Victorian-style nine-unit building, offering investors the ability to maintain rental income while evaluating renovation, repositioning, or future redevelopment strategies. Located near campus, Dinkytown, transit, dining, and neighborhood amenities, the property benefits from strong visibility and consistent demand within one of Minneapolis’ most active university-area rental markets. This offering may appeal to multifamily investors, student-housing operators, and developers seeking a well-located urban infill opportunity with both current income and long-term upside. Any redevelopment potential is subject to zoning, city approvals, and buyer verification.
Features of 1005 University Avenue Se
| MLS® # | 7159629 |
|---|---|
| Price | $724,900 |
| Acres | 0.17 |
| Year Built | 1900 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 1005 University Avenue Se |
|---|---|
| Area | 50 |
| Subdivision | Saint Anthony Falls |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55414 |
Amenities
| Utilities | Electric Common, Heating Common, Hot Water Common |
|---|---|
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler, Hot Water |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Wood |
|---|
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 1 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Compass |
|---|