Date
Details
Price
Change
Source
10/13/2026
Listed
$724,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Property Description
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.
Full Property Details
Full Property Details for 1005 University Ave SE
General
- Price: $724,900
- Taxes: $16,346 (2026)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7159629
- Updated: 10/14/2026
- Added to Site: 18 day(s) ago
Parking
- Parking Features: Parking Lot
Location
- County: Hennepin
- Township: Minneapolis
- Subdivision: Saint Anthony Falls
- Neighborhood: 50
- Driving Directions: From I-35W, take Exit 18 for University Avenue/4th Street SE. Head east on University Avenue SE to 10th Avenue SE. Property is on the left at the northeast corner, 1005 University Avenue SE.
School Information
- School District: 1 - Minneapolis
- High School District: Minneapolis
Heating & Cooling
- Heating Type: Boiler, Hot Water
- Heating Fuel: Other
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Common, Heating Common, Hot Water Common
Structural Information
- Foundation Size: 2734
- Disability Access: None
- Square Feet: 7,440
- Finished Down/Base.: 7,440 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.17
- Lot Dimensions: 76 x 95
- Zoning: Residential-Multi-Family
Financial Considerations
- Operating Expenses: $49,813
- Tax Amount: $16,346
- Tax Year: 2026
- Terms: Conventional, Cash
- Owner Pays: All Utilities, Trash Collection, Water
- Tenant Pays: Broadband, Cable TV
- Pays Cable: Tenant Pays
- Pays Trash: Owner Pays
- Pays Water: Owner Pays
Disclosures and Reports
- Legal Description: BLOCK 028 ST ANTHONY FALLS SWLY 95 FT OF LOT 6 AND THE SWLY 95 FT OF NWLY 10 FT OF LOT 7 LOTS 6 AND 7
- Inclusions: Building
- Property ID: 2402924310052
Listed by Compass
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Listing agent
— 1005 University Ave SE —
Compass
NMLS#: 1598647
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Schools
Schools serving 1005 University Ave SE
School District:Minneapolis Public School District
| Name | Grades | Distance |
|---|---|---|
Pratt Elementary School 66 Malcolm Avenue Southeast, Minneapolis, MN 55414 | PK-5 | 1.6 mi |
Northeast Middle School 2955 Hayes Street Northeast, Minneapolis, MN 55418 | 6-8 | 2.8 mi |
Edison Senior High School 700 22nd Avenue Northeast, Minneapolis, MN 55418 | 9-12 | 2 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1005 University Ave SE
Tax History
Tax History for 1005 University Ave SE
Year
Property Taxes
Change
Tax Assessment
Change
2025
$16,346
6%
$860,700
1%
2025
$15,465
-10%
$848,000
—
2023
$17,173
-1%
$848,000
—
2023
$17,427
—
$848,000
-1%
2023
$17,427
2%
$858,000
18%
2020
$17,156
39%
$729,000
10%
2019
$12,337
11%
$662,500
9%
2018
$11,149
3%
$608,000
5%
2017
$10,852
9%
$579,000
15%
2016
$9,917
-6%
$503,500
—
2015
$10,588
6%
$503,500
12%
2014
$9,982
-1%
$448,500
—
2013
$10,040
—
$448,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1005 University Ave SE
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- Commercial
- Active
- 5,136Sq. Ft.
- 0.29Acres
Listed by Kenwood Commercial Inc
- Commercial
- Active
- 5,500Sq. Ft.
- 0.13Acres
Listed by Apartment Cash Flow, Inc.
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- Multi-Family
- Active
- Updated 5 days ago
- 4Units
- 4Total Beds
Listed by MRG Realty Partners, LLC
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 3Total Baths
- 2,058Sq. Ft.
Listed by Terri Black (651) 238-1261
- Single Family
- Active
- Updated 9 days ago
- 5Beds
- 3Total Baths
- 3,450Sq. Ft.
Listed by Edina Realty, Inc.
- Single Family
- Active
- Updated 5 days ago
- 5Beds
- 2Total Baths
- 2,300Sq. Ft.
Listed by Park Place Realty
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- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 2Total Baths
- 2,337Sq. Ft.
Listed by Keystone Realty MN
- Single Family
- Active
- Updated 10 days ago
- 5Beds
- 5Total Baths
- 4,305Sq. Ft.
Listed by Deborah Finney (612) 310-3466
- Single Family
- Active
- Updated 1 day ago
- 4Beds
- 3Total Baths
- 2,608Sq. Ft.
- Condo
- Active
- Updated 10 days ago
- 2Beds
- 1Total Bath
- 866Sq. Ft.
Listed by Compass
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- Condo
- Closed
- 2Beds
- 2Total Baths
- 1,768Sq. Ft.
Listed by Compass
Sold by RE/MAX Results
Sold by RE/MAX Results
- Condo
- Closed
- 2Beds
- 2Total Baths
- 1,839Sq. Ft.
Listed by Drg
Sold by The Odd Couple
Sold by The Odd Couple
- Condo
- Closed
- 2Beds
- 2Total Baths
- 1,666Sq. Ft.
Listed by Realty ONE Group SIMPLIFIED
Sold by Real Broker, LLC
Sold by Real Broker, LLC
- Condo
- Closed
- 2Beds
- 2Total Baths
- 1,793Sq. Ft.
Listed by Compass
Sold by Keller Williams Premier Realty
Sold by Keller Williams Premier Realty
1005 University Avenue SE, Minneapolis, MN 55414 (MLS# 7159629) is a Commercial property. 1005 University Avenue SE is currently listed for $724,900 and was received on October 13, 2026. Want to learn more about 1005 University Avenue SE? Do you have questions about finding other Commercial real estate for sale in Marcy-Holmes? You can browse all Marcy-Holmes real estate or contact a Coldwell Banker agent to request more information.