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$989,000

  • For Sale
  • Active
  • Triplex
  • 4,955 Sq. Ft.
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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.

Full Property Details for 1009 University Ave SE

General

  • Price: $989,000
  • Taxes: $9,702 (2025)
  • Status: Active
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6804917
  • Updated: 10/27/2025
  • Added to Site: 96 day(s) ago

Exterior

  • Porch/Patio/Deck: Patio, Porch

Location

  • County: Hennepin
  • Subdivision: Saint Anthony Falls
  • Neighborhood: Marcy Holmes
  • Driving Directions: From downtown Minneapolis, head east on Hennepin Avenue toward the University of Minnesota. Continue onto University Avenue SE. Property is located on the north side of University Avenue SE between 10th and 11th Avenues SE, near Dinkytown and the University campus.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Exterior Const.: Stucco
  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Finished
  • Foundation Size: 3647
  • Disability Access: None
  • Square Feet: 4,955
  • Above Ground: 3,647 Sq. Ft.
  • Below Ground: 1,308 Sq. Ft.
  • Finished Down/Base.: 4,955 Sq. Ft.
  • Year Built: 1910

Lot Features

  • Lot Size (Acres): 0.12
  • Lot Dimensions: 5227

Financial Considerations

  • Operating Expenses: $24,500
  • Tax Amount: $9,702
  • Tax Year: 2025
  • Tenant Pays: All Utilities, Fuel

Disclosures and Reports

  • Legal Description: LOT 007 BLOCK 028 ST ANTHONY FALLS SELY 56 FT OF SWLY 90 FT OF LOT 7
  • Property ID: 2402924310054

Listed by MRG Realty Partners, LLC

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Listing agent

— 1009 University Ave SE —

  • MRG Realty Partners, LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 1009 University Ave SE

School District:Minneapolis Public School District
NameGradesDistance
Pratt Elementary School
66 Malcolm Avenue Southeast, Minneapolis, MN 55414
PK-51.6 mi
Northeast Middle School
2955 Hayes Street Northeast, Minneapolis, MN 55418
6-82.8 mi
Edison Senior High School
700 22nd Avenue Northeast, Minneapolis, MN 55418
9-122 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1009 University Ave SE Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/27/2025
Price Reduced
$989,000
-17.58%
MLS
10/15/2025
Listed
$1,200,000
70.21%
MLS
6/11/2008
Sold
$705,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 1009 University Ave SE

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,702
14%
$532,000
—
2023
$8,510
-1%
$532,000
—
2023
$8,565
—
$532,000
-2%
2023
$8,565
10%
$543,000
23%
2020
$7,795
7%
$441,000
10%
2019
$7,279
8%
$401,000
9%
2018
$6,748
10%
$368,000
12%
2017
$6,156
5%
$328,500
8%
2016
$5,878
-3%
$304,000
2%
2015
$6,046
7%
$298,000
15%
2014
$5,657
-1%
$259,000
—
2013
$5,689
—
$259,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by MRG Realty Partners, LLC

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1009 University Avenue SE, Minneapolis, MN 55414 (MLS# 6804917) is a Triplex property with 0 bedrooms and 0 full bathrooms. 1009 University Avenue SE is currently listed for $989,000 and was received on October 15, 2025. Want to learn more about 1009 University Avenue SE? Do you have questions about finding other Triplex real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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