1005 University Avenue SEMinneapolis, MN 55414
$724,900
7,440 finished sq ft · 0.17 acre lot
About this home
Iconic Corner Location Offering Income Today and Redevelopment Potential 1005 University Avenue SE presents a rare opportunity to acquire an income-producing multifamily property on a prominent corner near the University of Minnesota. The approximately 7,405-square-foot site currently features a distinctive Victorian-style nine-unit building, offering investors the ability to maintain rental income while evaluating renovation, repositioning, or future redevelopment strategies. Located near campus, Dinkytown, transit, dining, and neighborhood amenities, the property benefits from strong visibility and consistent demand within one of Minneapolis’ most active university-area rental markets. This offering may appeal to multifamily investors, student-housing operators, and developers seeking a well-located urban infill opportunity with both current income and long-term upside. Any redevelopment potential is subject to zoning, city approvals, and buyer verification.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1900
- Finished sq ft
- 7,440
- Lot
- 0.17 acres
- Heating
- Hot Water
- Property taxes
- $16,346 a year
- Listed
- October 13, 2026
- MLS number
- 7159629
Listing courtesy of Compass (Eda Rivers). MLS #7159629.
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How it compares
1005 University Avenue SE, Minneapolis, MN 55414 is a single-family home built in 1900 in Marcy Holmes, listed for $724,900 on October 13, 2026 by Compass. That is in the upper quarter of the 672 single-family homes for sale in Minneapolis right now (median $350,000; $97 per square foot here against $207 for the group). That works out to $97 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- Marcy Holmes, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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