537 Northern Hills Drive NE, Rochester, MN 55906

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1978
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 8000
For Sale or Lease: For Sale
Acres: Yes
Lot Dimensions: irregular
Other Parking Spaces: 0
Garage Stalls: 0

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

Contract Information

Off Market Date: 2025-11-18
Closed Date: 2025-10-31
Sales Close Price: 3000000
Contingency: None
ListPrice: 3500000
Owner is an Agent?: No
Auction?: No

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

Assessments

Tax With Assessments: 25408
Assessment Balance: 0

Building Information

Building Finished SqFt: 25600
Building SqFt: 25600

More Information

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 14
Section#: 25
Township#: 107

Sale Options

Sale Includes: Building, Leases, Rental License

Unit 1

Unit Number: Yes

Unit 2

No. of 2 Bedroom Units: 32

Unit Details

Total Units: 32

Office/Member Info

Association: SEMR

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: Yes

Air Conditioning

Central Air: Yes

Amenities Unit

Washer/Dryer Hookup: Yes

Appliances

Dishwasher: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Assumable Loan

Not Assumable: Yes

Basement

None: Yes

Construction Materials

Block: Yes
Concrete: Yes

Construction Status

Previously Owned: Yes

Exterior

Block: Yes
Stucco: Yes

Flooring

Concrete Slab: Yes

Foundation

Slab: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lock Box Type

None: Yes

Owner Pays

Exterior Maintenance: Yes
Insurance: Yes
Janitorial Service: Yes
Lawn: Yes
Maintenance/Repair: Yes
Management: Yes
Repairs: Yes
Roof Maintenance: Yes
Sewer: Yes
Taxes: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Paved Lot: Yes

Rental License Type

Standard: Yes

Roof

Flat: Yes
Rubber: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Wall Description

Concrete/Block: Yes

Water

City Water/Connected: Yes

No. of Ranges

One Per Unit: Yes

No. of Refrigerators

One Per Unit: Yes

Tenant Pays

Broadband: Yes
Cable TV: Yes
Electricity: Yes
Fuel: Yes
Gas: Yes
Heat: Yes
Hot Water: Yes
Telephone: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Low Rise: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Contract for Deed: Yes
Conventional: Yes

Location Description

Free Standing: Yes