612 University Avenue SE, Minneapolis, MN 55414 (MLS# 7127269)

612 University Avenue SE, Minneapolis, MN 55414

$1,100,000
Property Type: Commercial Bedrooms: 14 Baths: 9 Lot Size (sq. ft.): 12,632 Status: Active
Current Price: $1,100,000 List Date: 8/14/2026 Last Modified: 8/14/2026

Overview

Description

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.

Listing Details MLS# 7127269

General Property Information

Lot Measurement
Acres
Management Company Name
Fuze Real Estate
Multiple PIDs?
No
Other Parking Spaces
10
Owner Occupied
No
Waterfront YN
No
Year Built
2000
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
Yes
For Sale or Lease
For Sale
Acres
0.29
Lot Dimensions
76x165
Assessment Pending
No

Property Features

Accessible: None Air Conditioning: Central Air Amenities Shared: Coin-op Laundry Owned; Deck Amenities Unit: Ceiling Fan(s); Deck; Kitchen Center Island; Main Floor Primary Bedroom; Multiple Phone Lines; Patio Appliances: Dishwasher; Freezer; Range; Refrigerator Assumable Loan: Not Assumable Basement: None CMU Style: Apartments/Multi Family Construction Materials: Block; Concrete; Frame Construction Status: Previously Owned Current Use: Residential Exterior: Aluminum Siding Fencing: Chain Link Flooring: Carpet; Luxury Vinyl Plank; Luxury Vinyl Tile Foundation: Slab; Other Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Contract for Deed; Conventional; Lease Purchase; Other Location Description: Free Standing Lock Box Type: Combo Lot Description: Public Transit (w/in 6 blks) On Site Utilities: Electric Separate Owner Pays: Electricity; Exterior Maintenance; Grounds Care; HVAC Maintenance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Management; Pest Control; Roof Maintenance; Sewer; Snow Removal; Trash Collection; Water Parking Characteristics: Off Site; Paved Lot Rental License Type: Standard Road Frontage: Sidewalks Roof: Age Over 8 Years; Asphalt Shingles Sewer: City Sewer/Connected Stories: Two Tenant Pays: Broadband; Cable TV; Electricity; Gas; Heat Water: City Water/Connected

Contract Information

Contingency
None
ListPrice
1100000
Owner is an Agent?
No
Auction?
No

Location Tax and Other Information

House Number
612
Street Name
University
Street Suffix
Avenue
Street Direction Suffix
SE
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55414
Complex/Dev/Subdivision
Saint Anthony Falls

Assessments

Tax With Assessments
22011

Building Information

Building Finished SqFt
Yes

More Information

Income and Expenses

Annual Electric Expense
1999
Annual Gross Expenses
51565
Annual Gross Income
99840
Annual Insurance Expense
14082
Annual Maintenance Expense
6055
Annual Net Income
48275
Annual Trash Expense
3722
Annual Water/Sewer Expense
4570
Total Annual Expenses
51565

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
24
Township#
29

Sale Options

Sale Includes
Building, Fixture/Equipment, Inventory, Leases, Other, Rental License

Unit 1

Unit Number
Yes
Monthly Rent
1875
Full Baths
Yes
Three-Quarter Baths
Yes
Total Bathrooms
2
Total Bedrooms
2
Level
Main Level
Unit Total SqFt
972
Leased?
Yes
Lease Expiration Date
2027-03-31

Unit 2

No. of 2 Bedroom Units
3
Full Baths
Yes
Lease Expiration Date
2027-05-31
Leased?
Yes
Level
Main Level
Monthly Rent
1795
Three-Quarter Baths
Yes
Total Bathrooms
2
Total Bedrooms
2
Unit Number
2

Unit 3

No. of 3 Bedroom Units
2
Full Baths
Yes
Lease Expiration Date
2026-08-31
Leased?
Yes
Level
2nd Level
Monthly Rent
1550
Three-Quarter Baths
Yes
Total Bathrooms
2
Total Bedrooms
4
Unit Number
101
Unit Total SqFt
928

Unit 4

Full Baths
Yes
Lease Expiration Date
2027-06-30
Leased?
Yes
Level
2nd Level
Monthly Rent
1650
Three-Quarter Baths
Yes
Total Bathrooms
2
Total Bedrooms
4
Unit Number
102
Unit Total SqFt
928

Unit 5

Full Baths
Yes
Lease Expiration Date
2027-05-31
Leased?
Yes
Level
2nd Level
Monthly Rent
1450
Total Bathrooms
Yes
Total Bedrooms
2
Unit Number
103
Unit Total SqFt
875

Unit Details

Total Units
5

Documents

IDX
Listing Office: Fuze Real Estate
Last Updated: August - 14 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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