$3,000,000
Rochester, MN 55906
MLS# 6788174
Status: Closed
1 / 9
Property Description
Rare opportunity to purchase an entire building with 32 individually titled condos! Has been operated long-term by the same owner as apartments, but the opportunity exists to sell condo units individually! Concrete construction provides a solid foundation to this building and excellent sound deadening between units! All units are 2 bedrooms with 800 sq ft and feature central heat/ac & laundry in unit!
Details
Maps
Contract Information
Owner is an Agent?: No
Auction?: No
Status: Closed
Off Market Date: 2025-11-18
Current Price: $3,000,000
Closed Date: 2025-10-31
Sales Close Price: 3000000
Contingency: None
ListPrice: 3500000
List Date: 2025-09-12
Office/Member Info
Association: SEMR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 0
Owner Occupied: No
Waterfront Present: No
Year Built: 1978
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Lot Dimensions: irregular
Acres: 1
Foundation Size: 8000
Garage Stalls: 0
For Sale or Lease: For Sale
Location, Tax and Other Information
Legal Description: SECT-25 TWP-107 RANGE-014 NORTHERN HILLS ONE-TORRENS UNIT 8 NORTHERN HILLS 1 & AN UNDIVIDED 3.125 0/0 INT IN COMMON ELEMENTS OF NORTHERN HILLS 1 ALL ON LOT 17 BLK 2 NORTHERN HILLS 1ST - TORRENS
Listing City: Rochester
Map Page: 999
Municipality: Rochester
School District: Rochester
School District Phone: 507-328-3000
Zip Plus 4: 3315
Property ID Number: 742521016862
Tax Year: 2025
Tax Amount: 25408
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Rare opportunity to purchase an entire building with 32 individually titled condos! Has been operated long-term by the same owner as apartments, but the opportunity exists to sell condo units individually!
Concrete construction provides a solid foundation to this building and excellent sound deadening between units! All units are 2 bedrooms with 800 sq ft and feature central heat/ac & laundry in unit!
Directions: From Broadway Ave N, turn east on Northern Hills Dr NE, property on left
Accessible
None: 1
Air Conditioning
Central Air: 1
Amenities Unit
Washer/Dryer Hookup: 1
Appliances
Dishwasher: 1
Dryer: 1
Range: 1
Refrigerator: 1
Washer: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 25408
Assumable Loan
Not Assumable: 1
Basement
None: 1
Building Information
Building Finished SqFt: 25600
Building SqFt: 25600
Construction Materials
Block: 1
Concrete: 1
Construction Status
Previously Owned: 1
Exterior
Block: 1
Stucco: 1
Flooring
Concrete Slab: 1
Foundation
Slab: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
None: 1
Miscellaneous Information
Homestead: No
Owner Pays
Exterior Maintenance: 1
Insurance: 1
Janitorial Service: 1
Lawn: 1
Maintenance/Repair: 1
Management: 1
Repairs: 1
Roof Maintenance: 1
Sewer: 1
Taxes: 1
Trash Collection: 1
Water: 1
Ownership
Fractional Ownership: No
Parking Characteristics
Paved Lot: 1
Public Survey Info
Range#: 14
Section#: 25
Township#: 107
Rental License Type
Standard: 1
Roof
Flat: 1
Rubber: 1
Sale Options
Sale Includes: Building, Leases, Rental License
Sewer
City Sewer/Connected: 1
Stories
Three Or More: 1
Unit 1
Unit Number: 1
Unit Details
Total Units: 32
Wall Description
Concrete/Block: 1
Water
City Water/Connected: 1
No. of Ranges
One Per Unit: 1
No. of Refrigerators
One Per Unit: 1
Tenant Pays
Broadband: 1
Cable TV: 1
Electricity: 1
Fuel: 1
Gas: 1
Heat: 1
Hot Water: 1
Telephone: 1
Unit 2
No. of 2 Bedroom Units: 32
On Site Utilities
Electric Separate: 1
Heating Separate: 1
Hot Water Separate: 1
CMU Style
Low Rise: 1
Current Use
Residential: 1
Loan Terms
Cash: 1
Contract for Deed: 1
Conventional: 1
Location Description
Free Standing: 1
Location Tax and Other Information
House Number: 537
Street Name: Northern Hills
Street Suffix: Drive
Street Direction Suffix: NE
Postal City: Rochester
County: Olmsted
State: MN
Zip Code: 55906
Complex/Dev/Subdivision: Northern Hills One-Torrens
Property Features
Accessible: None
Air Conditioning: Central Air
Amenities Unit: Washer/Dryer Hookup
Appliances: Dishwasher; Dryer; Range; Refrigerator; Washer
Assumable Loan: Not Assumable
Basement: None
CMU Style: Low Rise
Construction Materials: Block; Concrete
Construction Status: Previously Owned
Current Use: Residential
Exterior: Block; Stucco
Flooring: Concrete Slab
Foundation: Slab
Fuel: Natural Gas
Heating: Forced Air
Loan Terms: Cash; Contract for Deed; Conventional
Location Description: Free Standing
Lock Box Type: None
On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate
Owner Pays: Exterior Maintenance; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Management; Repairs; Roof Maintenance; Sewer; Taxes; Trash Collection; Water
Parking Characteristics: Paved Lot
Rental License Type: Standard
Roof: Flat; Rubber
Sewer: City Sewer/Connected
Stories: Three Or More
Tenant Pays: Broadband; Cable TV; Electricity; Fuel; Gas; Heat; Hot Water; Telephone
Wall Description: Concrete/Block
Water: City Water/Connected
Listing Office: Infinity Real Estate
Last Updated: January - 27 - 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. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.