Date
Details
Price
Change
Source
1/19/2026
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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1/10
$1,350,000 Just Listed
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1/10
Property Description
Exciting opportunity to purchase 17 individually titled condo units in the same association! Fully rented units with great cash flow. Association fee $170/unit/month. Association fee covers lawn, snow, garbage & water. Tenant pays all other utilities. Sale includes 17 units individually titled. 15 units in 540 building, 2 units in 602 building. 58 total units between the two buildings.
Full Property Details
Full Property Details for 540 Northern Hills Dr NE
General
- Price: $1,350,000
- Taxes: $12,308 (2024)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7010275
- Updated: Today (1/19/2026)
- Added to Site: Today
Parking
- Parking Features: Paved Lot
Location
- County: Olmsted
- Township: Rochester
- Subdivision: Northern Hills Two-Torrens
- Driving Directions: Corner of Broadway Ave N & Northern Hills Dr NE
School Information
- School District: 1929 - Rochester
- High School District: Rochester
Heating & Cooling
- Heating Type: Forced Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: City Sewer Connected
- Water: City Water (Connected)
- Utility Description: Electric Separate, Heating Separate, Hot Water Common
Structural Information
- Basement: Yes
- Foundation Size: 800
- Disability Access: None
- Current Bldg. Use: Residential
- Year Built: 1978
Lot Features
- Lot Dimensions: 0 x 0
- Zoning: Residential-Single Family
Financial Considerations
- Tax Amount: $12,308
- Tax Year: 2024
Disclosures and Reports
- Legal Description: SECT-25 TWP-107 RANGE-014 NORTHERN HILLS TWO-TORRENS UNIT 33 NORTHERN HILLS 2 & UNDIV 1.7242 0/0 INT IN COMMON ELEMENTS OF NORTHERN HILLS 2 ALL ON LOT 28 BLK 1 & PT OF LOT 29 BLK 1 DES AS FOLLOWS BEG AT NECOR SD LOT 29 TH SW AL E LINE 265.25FT TH NW40.99FT TH NE 267.55FT TO
- Inclusions: Leases, Rental License
- Property ID: 742521016778
Listed by Infinity Real Estate
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— 540 Northern Hills Dr NE —
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NMLS#: 1598647
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Price & Sales History for 540 Northern Hills Dr NE
Tax History
Tax History for 540 Northern Hills Dr NE
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
100%
2023
100%
100%
2021
100%
100%
2020
100%
100%
2019
100%
-100%
2019
100%
$100
—
2017
100%
$100
—
2016
100%
$100
—
2015
—
$100
—
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 540 Northern Hills Dr NE
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- Single Family
- Active
- Updated 2 days ago
- 3Beds
- 2Total Baths
- 1,517Sq. Ft.
Listed by eXp Realty
- Single Family
- Active
- Updated 3 days ago
- 3Beds
- 2Total Baths
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- Updated 2 days ago
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- Active
- Updated 4 days ago
- 3Beds
- 1Total Bath
- 1,216Sq. Ft.
Listed by Tony Montgomery Realty & Auction
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- Lots/Land
- Active
- Updated 5 days ago
- 13.35Acres
Listed by PlatLabs, LLC
- Multi-Family
- Active
- Updated 3 days ago
- 2Units
- 2Total Beds
Listed by Edina Realty, Inc.
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,280Sq. Ft.
Listed by Keller Williams Premier Realty
- Single Family
- Active
- Updated 6 days ago
- 4Beds
- 3Total Baths
- 2,366Sq. Ft.
Listed by Horizon Realty, LLC
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- Single Family
- Closed
- 3Beds
- 3Total Baths
- 4,585Sq. Ft.
Listed by Whitetail Properties Real Estate
Sold by Dwell Realty Group LLC
Sold by Dwell Realty Group LLC
- Single Family
- Closed
- 5Beds
- 3Total Baths
- 4,600Sq. Ft.
Listed by Lakes Sotheby's International Realty
Sold by The Buryska Home Team
Sold by The Buryska Home Team
- Single Family
- Closed
- 6Beds
- 5Total Baths
- 4,923Sq. Ft.
Listed by Re/Max Results
Sold by Re/Max Results
Sold by Re/Max Results
- Single Family
- Closed
- 5Beds
- 5Total Baths
- 5,066Sq. Ft.
Listed by Edina Realty, Inc.
Sold by Hanan Absah
Sold by Hanan Absah
540 Northern Hills Drive NE, Rochester, MN 55906 (MLS# 7010275) is a Commercial property. 540 Northern Hills Drive NE is currently listed for $1,350,000 and was received on January 19, 2026. Want to learn more about 540 Northern Hills Drive NE? Do you have questions about finding other Commercial real estate for sale in Rochester? You can browse all Rochester real estate or contact a Coldwell Banker agent to request more information.