Victorian Nine-Unit Apartment
For Sale
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1005 UNIVERSITY AVE SE, Minneapolis, MN 55414
Corner multifamily property near the University of Minnesota with RM1 zoning and existing rental units.
Property Size7,440 SF
Lot Size0.17 Acres
Price / SF$97.43
Days on Market62
Property Features for 1005 UNIVERSITY AVE SE
General Information
Standard status
Active
Size
7,440 SF
Class
C
Total Parking Spaces
2
Lot size
0.17 Acres
Property subtype
Multifamily, Land
Zoning
RM1 - Buyer to independently verify zoning/permitted uses/development capacity
Occupancy
88%
Investment Type
Value Add
Net Operating Income
$47,087
Site & Location
Neighborhood
University
Public Transit
Yes
Additional Details
Multifamily Units
9
Building Details
Year Built
1900
Buildings
1
Stories
3
Units
9
Tenancy
Multi
Construction
Victorian-style
Listing Agency:
Compass
Listed By:
Eda Rivers · License #40754105
Source:
Crexi
Added: Aug 25
Changed: Oct 11
Last Checked: Oct 24 at 3:11PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
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Investment Insights
Based on property information with market context.
Located at 1005 University Avenue SE, this multifamily property includes a Victorian-style apartment building constructed in 1900 with nine units. The existing configuration supports continued rental operations while renovation, repositioning, or redevelopment options are evaluated.
The property occupies a prominent corner near the University of Minnesota, Dinkytown, transit, dining, and neighborhood amenities. RM1 zoning is identified for the site, with zoning, permitted uses, and development capacity subject to independent buyer verification. Any future redevelopment would also require applicable city approvals.
The property occupies a prominent corner near the University of Minnesota, Dinkytown, transit, dining, and neighborhood amenities. RM1 zoning is identified for the site, with zoning, permitted uses, and development capacity subject to independent buyer verification. Any future redevelopment would also require applicable city approvals.
Key Highlights
- Nine‑unit Victorian‑style apartment building
- Constructed in 1900
- Prominent corner near the University of Minnesota
Property Analytics
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Lease Details
9
Residential units
Location Intelligence
Trade Area within ½ mile
1,646
Businesses Nearby
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Business Placement
Demographics for 55414, MN
36,600
Population
15,541
Households
2.4
Avg Household Size
26
Median Age
68%
College-Educated
93%
High-School Grad
3.1 sq mi
ZIP Area
11,806
Density / Sq Mi
$47,004
Median Household Income
$18,386
Median Earnings
$1,368
Median Rent
$454,200
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Corner multifamily property near the University of Minnesota with RM1 zoning and existing rental units.
Where is this apartment building located?
The property is located at 1005 UNIVERSITY AVE SE Minneapolis, MN.
What is the asking price?
The asking price for this property is $724,900.
What are key features of this property?
This property features: Nine‑unit Victorian‑style apartment building; Constructed in 1900; Prominent corner near the University of Minnesota
