How to convert MVC5 project to SDK style

I have an MVC 5 web project (referencing Microsoft.AspNet.Mvc (5.2.8) and Microsoft.AspNet.WebApi.WebHost (5.2.8)) and I would like to convert the project file to SDK style. I know this is not officially supported but I have heard that it can be managed. It is not desirable to convert the project all the way to .net core at this time.

Below is code snippet of the project file. It is a standard MVC5 project created from visual studio:

<Project ToolsVersion="15.0" DefaultTargets="Build" xmlns="http://schemas.microsoft.com/developer/msbuild/2003">
  <Import Project="$(MSBuildExtensionsPath)\$(MSBuildToolsVersion)\Microsoft.Common.props" Condition="Exists('$(MSBuildExtensionsPath)\$(MSBuildToolsVersion)\Microsoft.Common.props')" />
  <PropertyGroup>
    <Configuration Condition=" '$(Configuration)' == '' ">Debug</Configuration>
    <Platform Condition=" '$(Platform)' == '' ">AnyCPU</Platform>
    <ProductVersion>
    </ProductVersion>
    <SchemaVersion>2.0</SchemaVersion>
    <ProjectGuid>{BC1FDFD9-8B07-49BB-811B-26BFF6D07084}</ProjectGuid>
    <ProjectTypeGuids>{349c5851-65df-11da-9384-00065b846f21};{fae04ec0-301f-11d3-bf4b-00c04f79efbc}</ProjectTypeGuids>
    <OutputType>Library</OutputType>
    <AppDesignerFolder>Properties</AppDesignerFolder>
    <RootNamespace>WebApplication1</RootNamespace>
    <AssemblyName>WebApplication1</AssemblyName>
    <TargetFrameworkVersion>v4.8</TargetFrameworkVersion>
    <UseIISExpress>true</UseIISExpress>
    <Use64BitIISExpress />
    <IISExpressSSLPort />
    <IISExpressAnonymousAuthentication />
    <IISExpressWindowsAuthentication />
    <IISExpressUseClassicPipelineMode />
    <UseGlobalApplicationHostFile />
    <NuGetPackageImportStamp>
    </NuGetPackageImportStamp>
  </PropertyGroup>
  <PropertyGroup Condition=" '$(Configuration)|$(Platform)' == 'Debug|AnyCPU' ">
    <DebugSymbols>true</DebugSymbols>
    <DebugType>full</DebugType>
    <Optimize>false</Optimize>
    <OutputPath>bin\</OutputPath>
    <DefineConstants>DEBUG;TRACE</DefineConstants>
    <ErrorReport>prompt</ErrorReport>
    <WarningLevel>4</WarningLevel>
  </PropertyGroup>
  <PropertyGroup Condition=" '$(Configuration)|$(Platform)' == 'Release|AnyCPU' ">
    <DebugSymbols>true</DebugSymbols>
    <DebugType>pdbonly</DebugType>
    <Optimize>true</Optimize>
    <OutputPath>bin\</OutputPath>
    <DefineConstants>TRACE</DefineConstants>
    <ErrorReport>prompt</ErrorReport>
    <WarningLevel>4</WarningLevel>
  </PropertyGroup>
  <ItemGroup>
    <Reference Include="Microsoft.CodeDom.Providers.DotNetCompilerPlatform, Version=3.6.0.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35, processorArchitecture=MSIL">
      <HintPath>..\packages\Microsoft.CodeDom.Providers.DotNetCompilerPlatform.3.6.0\lib\net45\Microsoft.CodeDom.Providers.DotNetCompilerPlatform.dll</HintPath>
    </Reference>
    <Reference Include="Microsoft.CSharp" />
    <Reference Include="Microsoft.Web.Infrastructure, Version=2.0.0.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35, processorArchitecture=MSIL">
      <HintPath>..\packages\Microsoft.Web.Infrastructure.2.0.0\lib\net40\Microsoft.Web.Infrastructure.dll</HintPath>
    </Reference>
    <Reference Include="Newtonsoft.Json, Version=13.0.0.0, Culture=neutral, PublicKeyToken=30ad4fe6b2a6aeed, processorArchitecture=MSIL">
      <HintPath>..\packages\Newtonsoft.Json.13.0.1\lib\net45\Newtonsoft.Json.dll</HintPath>
    </Reference>
    <Reference Include="System.Net.Http" />
    <Reference Include="System.Net.Http.Formatting, Version=5.2.8.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35, processorArchitecture=MSIL">
      <HintPath>..\packages\Microsoft.AspNet.WebApi.Client.5.2.8\lib\net45\System.Net.Http.Formatting.dll</HintPath>
    </Reference>
    <Reference Include="System.Web.DynamicData" />
    <Reference Include="System.Web.Entity" />
    <Reference Include="System.Web.ApplicationServices" />
    <Reference Include="System.ComponentModel.DataAnnotations" />
    <Reference Include="System" />
    <Reference Include="System.Data" />
    <Reference Include="System.Core" />
    <Reference Include="System.Data.DataSetExtensions" />
    <Reference Include="System.Web.Extensions" />
    <Reference Include="System.Web.Helpers, Version=3.0.0.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35, processorArchitecture=MSIL">
      <HintPath>..\packages\Microsoft.AspNet.WebPages.3.2.8\lib\net45\System.Web.Helpers.dll</HintPath>
    </Reference>
    <Reference Include="System.Web.Http, Version=5.2.8.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35, processorArchitecture=MSIL">
      <HintPath>..\packages\Microsoft.AspNet.WebApi.Core.5.2.8\lib\net45\System.Web.Http.dll</HintPath>
    </Reference>
    <Reference Include="System.Web.Http.WebHost, Version=5.2.8.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35, processorArchitecture=MSIL">
      <HintPath>..\packages\Microsoft.AspNet.WebApi.WebHost.5.2.8\lib\net45\System.Web.Http.WebHost.dll</HintPath>
    </Reference>
    <Reference Include="System.Web.Mvc, Version=5.2.8.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35, processorArchitecture=MSIL">
      <HintPath>..\packages\Microsoft.AspNet.Mvc.5.2.8\lib\net45\System.Web.Mvc.dll</HintPath>
    </Reference>
    <Reference Include="System.Web.Razor, Version=3.0.0.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35, processorArchitecture=MSIL">
      <HintPath>..\packages\Microsoft.AspNet.Razor.3.2.8\lib\net45\System.Web.Razor.dll</HintPath>
    </Reference>
    <Reference Include="System.Web.WebPages, Version=3.0.0.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35, processorArchitecture=MSIL">
      <HintPath>..\packages\Microsoft.AspNet.WebPages.3.2.8\lib\net45\System.Web.WebPages.dll</HintPath>
    </Reference>
    <Reference Include="System.Web.WebPages.Deployment, Version=3.0.0.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35, processorArchitecture=MSIL">
      <HintPath>..\packages\Microsoft.AspNet.WebPages.3.2.8\lib\net45\System.Web.WebPages.Deployment.dll</HintPath>
    </Reference>
    <Reference Include="System.Web.WebPages.Razor, Version=3.0.0.0, Culture=neutral, PublicKeyToken=31bf3856ad364e35, processorArchitecture=MSIL">
      <HintPath>..\packages\Microsoft.AspNet.WebPages.3.2.8\lib\net45\System.Web.WebPages.Razor.dll</HintPath>
    </Reference>
    <Reference Include="System.Xml.Linq" />
    <Reference Include="System.Drawing" />
    <Reference Include="System.Web" />
    <Reference Include="System.Xml" />
    <Reference Include="System.Configuration" />
    <Reference Include="System.Web.Services" />
    <Reference Include="System.EnterpriseServices" />
  </ItemGroup>
  <ItemGroup>
    <Content Include="Global.asax" />
    <Content Include="Web.config" />
  </ItemGroup>
  <ItemGroup>
    <Compile Include="App_Start\RouteConfig.cs" />
    <Compile Include="App_Start\WebApiConfig.cs" />
    <Compile Include="Global.asax.cs">
      <DependentUpon>Global.asax</DependentUpon>
    </Compile>
    <Compile Include="Properties\AssemblyInfo.cs" />
  </ItemGroup>
  <ItemGroup>
    <Content Include="Views\web.config" />
    <None Include="packages.config" />
    <None Include="Web.Debug.config">
      <DependentUpon>Web.config</DependentUpon>
    </None>
    <None Include="Web.Release.config">
      <DependentUpon>Web.config</DependentUpon>
    </None>
  </ItemGroup>
  <ItemGroup>
    <Folder Include="App_Data\" />
    <Folder Include="Controllers\" />
    <Folder Include="Models\" />
  </ItemGroup>
  <PropertyGroup>
    <VisualStudioVersion Condition="'$(VisualStudioVersion)' == ''">10.0</VisualStudioVersion>
    <VSToolsPath Condition="'$(VSToolsPath)' == ''">$(MSBuildExtensionsPath32)\Microsoft\VisualStudio\v$(VisualStudioVersion)</VSToolsPath>
  </PropertyGroup>
  <Import Project="$(MSBuildBinPath)\Microsoft.CSharp.targets" />
  <Import Project="$(VSToolsPath)\WebApplications\Microsoft.WebApplication.targets" Condition="'$(VSToolsPath)' != ''" />
  <Import Project="$(MSBuildExtensionsPath32)\Microsoft\VisualStudio\v10.0\WebApplications\Microsoft.WebApplication.targets" Condition="false" />
  <ProjectExtensions>
    <VisualStudio>
      <FlavorProperties GUID="{349c5851-65df-11da-9384-00065b846f21}">
        <WebProjectProperties>
          <UseIIS>True</UseIIS>
          <AutoAssignPort>True</AutoAssignPort>
          <DevelopmentServerPort>50762</DevelopmentServerPort>
          <DevelopmentServerVPath>/</DevelopmentServerVPath>
          <IISUrl>http://localhost:50762/</IISUrl>
          <NTLMAuthentication>False</NTLMAuthentication>
          <UseCustomServer>False</UseCustomServer>
          <CustomServerUrl>
          </CustomServerUrl>
          <SaveServerSettingsInUserFile>False</SaveServerSettingsInUserFile>
        </WebProjectProperties>
      </FlavorProperties>
    </VisualStudio>
  </ProjectExtensions>
  <Import Project="..\packages\Microsoft.CodeDom.Providers.DotNetCompilerPlatform.3.6.0\build\net472\Microsoft.CodeDom.Providers.DotNetCompilerPlatform.targets" Condition="Exists('..\packages\Microsoft.CodeDom.Providers.DotNetCompilerPlatform.3.6.0\build\net472\Microsoft.CodeDom.Providers.DotNetCompilerPlatform.targets')" />
  <Target Name="EnsureNuGetPackageBuildImports" BeforeTargets="PrepareForBuild">
    <PropertyGroup>
      <ErrorText>This project references NuGet package(s) that are missing on this computer. Use NuGet Package Restore to download them.  For more information, see http://go.microsoft.com/fwlink/?LinkID=322105. The missing file is {0}.</ErrorText>
    </PropertyGroup>
    <Error Condition="!Exists('..\packages\Microsoft.CodeDom.Providers.DotNetCompilerPlatform.3.6.0\build\net472\Microsoft.CodeDom.Providers.DotNetCompilerPlatform.targets')" Text="$([System.String]::Format('$(ErrorText)', '..\packages\Microsoft.CodeDom.Providers.DotNetCompilerPlatform.3.6.0\build\net472\Microsoft.CodeDom.Providers.DotNetCompilerPlatform.targets'))" />
  </Target>
  <!-- To modify your build process, add your task inside one of the targets below and uncomment it. 
       Other similar extension points exist, see Microsoft.Common.targets.
  <Target Name="BeforeBuild">
  </Target>
  <Target Name="AfterBuild">
  </Target>
  -->
</Project>

Has anyone done this time of conversion before staying on net48?

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