707 SE 5th ST SE new Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55414
Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Mill Cos Add To St Anthony Falls
MLS Listing ID 6735952
Year Built 1924
Annual Tax Amount $21,702
Tax Year 2025
Lot Size 10,890 Sqft
Property Sub-Type Apartment
Property Description
707-709 5th Street Southeast in Minneapolis, MN is a well-maintained vintage 13-unit apartment property located in the heart of the Marcy Holmes neighborhood of Minneapolis. The building consists of nine 1-bedroom units and four studio units. Strong rental history with an opportunity to increase rents. Property has a 6-stall garage for added income. Currently only charging $45 per month. On-site laundry currently is not being charged. Storage units are in the basement and are currently included in the rent. Two more potential income sources. Marcy-Holmes is well known for its commercial districts, St. Anthony Main and Dinkytown, and its immediate proximity to the East Bank of the University of Minnesota-Twin Cities campus. Property is home to U of MN students and working-class individuals. Over 80% of the neighborhood is renters.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Family Room Other
Interior
Heating Boiler
Cooling Window Unit(s)
Inclusions Building,Leases,Rental License
Exterior
Parking Features Parking Lot
Garage Spaces 6.0
Utilities Available Electric Separate,Heating Common,Hot Water Common
Roof Type Age Over 8 Years,Rubber
Building
Lot Description Many Trees
Story Two
Foundation 3814
Sewer City Sewer - In Street
Water City Water - In Street
Structure Type Brick/Stone
Schools
School District Minneapolis