1009 University Ave SE Minneapolis, MN 55414
Marcy-Holmes NeighborhoodEstimated payment $7,177/month
About This Home
Exceptional student housing investment opportunity located at 1009 University Avenue SE, the gateway to Dinkytown and the University of Minnesota. This furnished property features 9 bedrooms and 4 bathrooms, ideally positioned for strong and consistent rental demand. Recent capital improvements include a new roof and new water heaters, minimizing future maintenance costs. With its prime location in one of Minneapolis’ most competitive and sought-after student housing corridors, this property offers outstanding long-term upside.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $9,702
Year Built
- Built in 1910
Home Design
- Triplex
Interior Spaces
- 2-Story Property
- Finished Basement
Bedrooms and Bathrooms
- 27 Bedrooms
- 12 Bathrooms
Utilities
- Boiler Heating System
Community Details
- 3 Units
- Saint Anthony Falls Subdivision
Listing and Financial Details
- Assessor Parcel Number 2402924310054
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $9,702 | $532,000 | $126,000 | $406,000 |
| 2023 | $8,510 | $532,000 | $126,000 | $406,000 |
| 2022 | $9,225 | $532,000 | $94,000 | $438,000 |
| 2021 | $8,070 | $543,000 | $95,000 | $448,000 |
| 2020 | $7,795 | $494,000 | $87,000 | $407,000 |
| 2019 | $7,279 | $441,000 | $63,800 | $377,200 |
| 2018 | $6,748 | $401,000 | $63,800 | $337,200 |
| 2017 | $6,157 | $328,500 | $58,000 | $270,500 |
| 2016 | $5,878 | $304,000 | $58,000 | $246,000 |
| 2015 | $6,047 | $298,000 | $58,000 | $240,000 |
| 2014 | -- | $259,000 | $51,400 | $207,600 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 10/15/2025 10/15/25 | For Sale | $1,200,000 | -- | $242 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $705,000 | -- | |
| Warranty Deed | $290,000 | -- | |
| Warranty Deed | $55,000 | -- |
Source: NorthstarMLS
MLS Number: 6804917
APN: 24-029-24-31-0054
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