2110 S Park Ave - Apartments FOR SALE


Minneapolis, MN 55404- Ventura Village
$2,380,000 USD
651-210-7800
2110 S Park Ave, Minneapolis, MN for Sale
$2,380,000 USD
Apartments - FOR SALE
1/12
null | 8.89% Cap Rate

2110 S Park Ave
Minneapolis, MN 55404
Ventura Village


HIGHLIGHTS

  • New roof completed in 2025 and updated common areas
  • Approved for the Minneapolis 4d program, offering a projected 40–60% reduction in property taxes, materially improving cash flow.
  • In-place rents are below affordable benchmarks, supporting measured rent growth through unit improvements.
  • Minutes from downtown, transit corridors, employment centers, and neighborhood amenities supporting consistent leasing velocity.
  • Poured concrete foundation and brick exterior provide long-term structural stability and lower maintenance risk.

OVERVIEW

2110 Park Avenue presents an opportunity to acquire a 22-unit multifamily apartment building in South Minneapolis, offering durable construction, recent capital improvements, and a rent profile positioned to serve the city’s strong demand for affordable housing. The property consists of 17 one-bedroom units and 5 studios, providing an efficient unit mix well-suited for long-term rental stability. Many units and common areas have been updated, and a new roof installed in 2025 reduces near-term capital exposure for incoming ownership. Located minutes from downtown Minneapolis and major transit corridors, the asset benefits from strong renter demand driven by employment access, transit connectivity, and proximity to neighborhood services. With in-place rents averaging approximately $1,050 per unit, the property offers clear value-add potential through continued interior upgrades, operational efficiencies, and market rent optimization. 2110 Park Avenue represents a compelling opportunity for investors seeking a stable, affordable multifamily asset with upside in one of Minneapolis’s most established rental submarkets.

FOR SALE DETAILS

PRICE

$2,380,000 USD

PRICE/SF

$204 USD /SF

# OF UNITS

22

PRICE/UNIT

$108,182

CAP RATE

8.89%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

22 Unit Multifamily | Minneapolis | Value Add

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1959

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

RM2

APN/PARCEL ID

35-029-24-22-0011

ASK ABOUT THIS PROPERTY

Victoria YepezVY ManagementMore Info
651-210-7800

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Victoria YepezVY ManagementMore Info
651-210-7800

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