1935 Park Ave - Apartments FOR SALE


Minneapolis, MN 55404- Ventura Village
$7,250,000 USD
612-812-1317
1935 Park Ave, Minneapolis, MN for Sale
$7,250,000 USD
Apartments - FOR SALE
1/38
null | Request Cap Rate

1935 Park Ave
Minneapolis, MN 55404
Ventura Village


HIGHLIGHTS

  • Recently constructed multifamily asset offering modern build quality and reliable income in an evolving urban district.
  • Located in the Ventura Village submarket with direct access to major transportation options including the Light Rail Blue Line, and bike routes.
  • Positioned near major employment and educational anchors such as Abbott Northwestern Hospital, Allina Health, Children’s Hospital, St. Mary’s Universi
  • Features a mix of contemporary studio layouts and larger three-bedroom residences designed to appeal to diverse tenant profiles.
  • Offers investors a balance of immediate cash flow with long-term upside driven by Minneapolis’s growth and revitalization trends.

OVERVIEW

GJG Commercial-Real Broker presents Park & Franklin Lofts. An exceptional investment opportunity in south Minneapolis' emerging Ventura Village submarket. The newer built property offers the new owner a combination of modern construction quality, stable cash flow, and substantial value-add potential in a rapidly developing urban corridor. With excellent transit connectivity via the Light Rail Blue Line, bike paths, and the bus line, it has proximity to all the area demand drivers of major employment centers. Most notably Abbott Northwestern Hospital, Allina Health, Children’s Hospital, including St. Mary’s University and Minneapolis College Art & Design. The Asset is strategically positioned to capitalize on Minneapolis' continued growth and urban revitalization trends including the new street system along Franklin Avenue which is expected to be completed by 2027. This prime property offers diverse unit configurations from contemporary studios to spacious three-bedroom residences. Strategically positioned in a high-demand submarket, the property capitalizes on Minneapolis's dynamic urban growth. Park & Franklin Lofts combines immediate return potential with long-term value enhancement opportunities, making it an exceptional gateway to one of the region's most promising real estate markets and an attractive addition to any investment portfolio.

FOR SALE DETAILS

PRICE

$7,250,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

43

PRICE/UNIT

$168,605

CAP RATE

Request Cap Rate

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Park & Franklin Lofts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

2021

PARKING SPACES

20

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,682 SF

ZONING

R6

APN/PARCEL ID

26-029-24-33-0122

ASK ABOUT THIS PROPERTY

Chris MisslingGrant Johnson Group - Real BrokerMore Info
612-812-1317

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Chris MisslingGrant Johnson Group - Real BrokerMore Info
612-812-1317

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.