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    Property profile & analytics

    5740 Sander Dr Minneapolis, MN 55417

    • Commercial real estate
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US46-3245042
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 5740 Sander Dr

    Year built
    1964
    Property type
    Commercial real estate

    Description

    This exceptional investment opportunity presents two adjacent apartment buildings in Minneapolis, Minnesota's desirable Bossen Park area. The portfolio comprises a total of 17 units, offering a compelling blend of income potential and recent renovations. One building, located at 5740 Sander Drive, features 11 units, including ten spacious one-bedroom units and one two-bedroom unit. The second building, situated at 5753 Bossen Terrace, consists of six units: five one-bedroom units and one studio unit. Constructed in 1964 and 1961 respectively, these Class C properties are priced at $1,745,000, or approximately $102,647 per unit. Significant recent improvements enhance the value and appeal of this offering. These upgrades include new carpeting in all units and hallways of the Bossen Terrace building, fresh paint throughout both buildings, and new appliances (refrigerators, air conditioning units, and toilets) in the majority of units. The buildings' close proximity offers operational efficiencies and potential for synergistic management. This is an excellent opportunity for investors seeking a well-maintained, multifamily portfolio in a prime Minneapolis location. The properties are located in Hennepin County, Minnesota, with zip code 55417. Financial details are available upon request.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2256631
    Latitude
    44.8990523

    Comparable in this City

    • $120,000
      0.11 Acres

      Corner Lot for Multi-Family Building

      Corner lot zoned for multi-family building with highway access.
      5735 Sander Dr, Minneapolis, MN 55417
      View Details
    • New
      $450,000
      Pending

      Minneapolis Commercial Property Near Landmarks

      Commercial property near Minnehaha Falls and Lake Nokomis.
      5357 42Nd Ave S, Minneapolis, MN 55417
      View Details

    Similar Nearby for Sale

    • $120,000
      0.11 Acres

      Corner Lot for Multi-Family Building

      Corner lot zoned for multi-family building with highway access.
      5735 Sander Dr, Minneapolis, MN 55417
      View Details
    • New
      $450,000
      Pending

      Minneapolis Commercial Property Near Landmarks

      Commercial property near Minnehaha Falls and Lake Nokomis.
      5357 42Nd Ave S, Minneapolis, MN 55417
      View Details
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    5740 Sander Dr
    Minneapolis, MN 55417
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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