For Sale Commercial MLS# 7127269

612 University Avenue SE

Minneapolis, MN 55414

$1,100,000

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About 612 University Avenue SE

Seller is open to creative financing options, including financing some or all of the buyer’s down payment. Flexible terms and structures will be considered for a qualified buyer. All five units are currently leased, generating immediate income. Unit #101 is leased month-to-month, offering the potential for owner occupancy or repositioning while maintaining stable cash flow from the remaining units. New roof (2018), all-new HVAC systems (2023–2026), new lobby flooring (2025), and new tenant storage lockers (2025) reduce near-term capital expenditure needs. Estimated market rents indicate approximately $29,196 in additional annual rental income (+29.2%). Three units have already been renovated, one is partially updated, and one remains in original condition, providing a clear path to increased cash flow and value. Buyer and Buyer's Agent to verify square footage.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
2000
Stories
Two
Lot
0.29
Original price
$1,100,000
MLS #
7127269

Interior

Features
Central Air, Forced Air, Carpet, Luxury Vinyl Plank, Luxury Vinyl Tile, Dishwasher, Exhaust Fan, Freezer, Range, Refrigerator, Stainless Steel Appliances
Appliances
Dishwasher, Exhaust Fan, Freezer, Range, Refrigerator, Stainless Steel Appliances
Flooring
Carpet, Luxury Vinyl Plank, Luxury Vinyl Tile
Heating
Forced Air
Cooling
Central Air

Exterior & lot

Features
Aluminum Siding, Off Site, Paved Lot
Construction
Two, Other, Slab, Age Over 8 Years, Asphalt
Roof
Age Over 8 Years, Asphalt
Foundation
Other, Slab
Lot
2402924320087, Chain Link, Residential
Fence
Chain Link
Parking
Off Site, Paved Lot

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Separate
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$22,011
Tax year
2026
Parcel
2402924320087

Location

Subdivision
Saint Anthony Falls
County
Hennepin
Neighborhood
Marcy Holmes
Community
Hennepin, Sidewalks, northstar, Minneapolis
Directions
From 35W, exit on SE 4th Street and head West to 6th Ave SE and turn Left. Go one block to University and turn Left. Property will be on your right.

Location

Neighborhood
Marcy Holmes
Subdivision
Saint Anthony Falls
School district
Minneapolis Public School District

Ask about this property

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Listed by Adam Hunt, Fuze Real Estate

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.