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$950,000

  • Sold
  • Closed
  • Apartment
  • 9,600 Sq. Ft.
  • 0.28 Acres
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5740 Sander Drive Was Well Built in 1964 On A Large 0.28 Acre Lot in South Minneapolis, Mn. The All Brick Exterior Design Features Ten One-Bedroom Apartments and One Two-Bedroom. All Of The Units Have A Full Bathroom, Large Living Room, Good Size Eat-In-Kitchen, and Lots Of Closet Space. The Living Rooms Have Oversize Picture Windows That Allow A Ton Of Natural Light Into The Space. All The Windows Have Been Replaced Recently. The Residents Enjoy Onsite Laundry, Off-Street Parking, and Being Close To Transportation, The Mall Of America, The Mpls. Airport, and Plenty Of Employment and Jobs. The Current Rents Are Below Market and Offer A New Owner The Opportunity To Increase Cash Flow On Lease Renewals By Raising Rents. Amazing Opportunity! Call For More Details!

Full Property Details for 5740 Sander Dr

General

  • Sold For: $950,000
  • Taxes: $19,322 (2025)
  • Status: Closed
  • Type: Apartment
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6750260
  • Added to Site: 229 day(s) ago

Parking

  • Parking Features: Parking Lot

School Information

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

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Common, Hot Water Common

Financial Considerations

  • Operating Expenses: $49,414
  • Tax Amount: $19,322
  • Tax Year: 2025
  • Owner Pays: Insurance, Trash Collection
  • Tenant Pays: Cable TV, Electricity
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Trash: Owner Pays

Disclosures and Reports

  • Legal Description: BLOCK 002 SANDERS 2ND ADDN LOT 1 AND OUTLOT 1 ALSO THAT PART OF LOT 2 LYING NLY OF A LINE DRAWN FROM A PT ON THE E LINE THOF DIST 20.44 FT NLY FROM THE SELY COR OF SAID LOT 2 TO A PT ON THE W LINE THOF DIST 11.00 FT NLY FROM THE SWLY COR OF SAID LOT
  • Inclusions: Building, Land, Leases, Rental License
  • Property ID: 1902823230087

Listed and Sold by Apartment Cash Flow, Inc.

Listing agent

— 5740 Sander Dr —

  • Apartment Cash Flow, Inc.

Get Pre-Approved Today

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NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5740 Sander Dr

School District:Minneapolis Public School District
NameGradesDistance
Lk Nokomis Community-Wenonah Campus
5625 23rd Avenue South, Minneapolis, MN 55417
K-10.6 mi
Lk Nokomis Community-Keewaydin Campus
5209 30th Avenue South, Minneapolis, MN 55417
2-50.7 mi
Sanford Middle School
3524 42nd Avenue South, Minneapolis, MN 55406
6-82.8 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 5740 Sander Dr

Date
Details
Price
Change
Source
10/23/2025
Sold
$950,000
-4.9%
MLS
7/23/2025
Price Reduced
$999,000
-5.75%
MLS
7/06/2025
Listed
$1,060,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Apartment Cash Flow, Inc.

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5740 Sander Drive, Minneapolis, MN 55417 (MLS# 6750260) is a Apartment property that was sold at $950,000 on October 23, 2025. Want to learn more about 5740 Sander Drive? Do you have questions about finding other Apartment real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.