Active

401 University Avenue SE

Minneapolis MN, 55414

$8,200,000


$252.21 per sqft

Active

32,512 sqft

Commercial

Built in 2018

Archer Apartments is an upscale, modern 43-unit residential apartment building close to the UofM campus, downtown Minneapolis, and the popular St. Anthony Main neighborhood. This rare opportunity to bolster any residential and/or commercial portfolio with a turn-key property does not hit the market often. Operating as a fully residential community under professional management, Archer has achieved consistent occupancy performance of 95%+ since it's completion in 2018. Features and amenities include (39) 1-bedroom units, (4) studio units, (18) parking spots in heated first floor garage, a gym, a secure bike storage room, multiple shared community room spaces including a rooftop deck with built-in grill, an Amazon package locker and modern mail box system, elevator, and Butterfly entry technology system. As an A-Class property situated on a corner lot in NE Minneapolis, Archer is sure to impress investors and tenants alike with full kitchen suites, garbage disposals, and in-unit laundry for each apartment. Buyer and Buyer's agent to verify all measurements.

6634669

MLS ID

November 25, 2024

Listed

December 9, 2024

Updated

Map

401 University Avenue SE
Minneapolis MN, 55414

Interior Features

Total Stories

3


Appliances

Dishwasher, Disposal, Dryer, Exhaust Fan, Freezer, Gas Water Heater, Microwave, Range, Refrigerator, Stainless Steel Appliances, Washer


Fireplace

No


Cooling

Yes


Cooling Description

Wall Unit(s)


Heating

Yes


Heating Description

Forced Air

Exterior/Building Features

Lot Size

0.25 Acres


Lot Features

Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Light


Roof

Age 8 Years or Less, Rubber


Sewer

City Sewer/Connected

School Information

School District

Minneapolis

Other Property Details

Taxes

$116,639


Tax Frequency

Annually


Days on Market

14


Association Amenities

Deck, Elevator(s), Fire Sprinkler System, Other, Patio


Garage

Yes


Garage Spaces

18


Parking

Assigned, Covered, Electric, Floor Drain, Garage Door Opener, Heated Garage, Insulated Garage, Parking Garage, Secured, Storage, Underground


View

No


County

Hennepin


Water Source

City Water/Connected


Pool

No

 

Courtesy of Stepping Stone Brokers LLC

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Sarah Church shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 4:49 PM UTC, 12/9/2024

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