For Sale: Minneapolis MLS# 6804917
Active
$989,000
Multi-family: Triplex
Built 1910
4,955 sqft • 0.12 acres
Minneapolis schools
MLS# 6804917
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Property Description
Exceptional student housing investment opportunity located at 1009 University Avenue SE, the gateway to Dinkytown and the University of Minnesota. This furnished property features 9 bedrooms and 4 bathrooms, ideally positioned for strong and consistent rental demand. Recent capital improvements include a new roof and new water heaters, minimizing future maintenance costs. With its prime location in one of Minneapolis’ most competitive and sought-after student housing corridors, this property offers outstanding long-term upside.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$989,000
Price per sq ft:
$200
Property Type:
Multi-family
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1910
State:
MN
Property Style:
Triplex
Zip Code:
55414
Neighborhood/Area:
Marcy Holmes
Subdivision Name:
Saint Anthony Falls
Interior
Finished Area:
4,955 ft2
Living Area:
4,955 ft2
Basement Details:
Finished
Exterior
Stories:
More Than 2 Stories
Garage Spaces:
0
Foundation Size:
3,647 ft2
Handicap Accessible:
None
Heating System:
Boiler
Exterior Material:
Stucco
Lot & Land
Acres:
0.12
Geolocation:
44.981727, -93.241462
Lot Dimensions:
5227
Schools
School District:
1
District Phone:
612-668-0000
Expenses
Annual Caretaker Expense:
None
Annual Electric Expense:
None
Annual Fuel Expense:
None
Annual Insurance Expense:
None
Annual Maintenance Expense:
None
Annual Gross Expense:
None
Annual Trash Expense:
None
Annual Water/Sewer Expense:
None
Tenant Expenses:
All Utilities, Fuel
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$9,702
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$9,702
Income
Annual Gross Income:
$114,120
Units
Total Units:
3
Miscellaneous
Fuel System:
Electric
Owner Occupied:
No
Sewer System:
City Sewer/Connected
Water System:
City Water/Connected
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Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of MRG Realty Partners, LLC.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.