2641 Hennepin Ave - Apartments FOR SALE


Minneapolis, MN 55408- Uptown Minneapolis
$1,450,000 USD
651-353-3657
2641 Hennepin Ave, Minneapolis, MN for Sale
$1,450,000 USD
Apartments - FOR SALE
1/1
null | Request Cap Rate

2641 Hennepin Ave
Minneapolis, MN 55408
Uptown Minneapolis


HIGHLIGHTS

  • 8-unit apartment building located along the prominent Hennepin Avenue corridor in Uptown Minneapolis. | Minutes from Lake of the Isles, Bde Maka Ska
  • Prime urban infill location with immediate access to Uptown, Downtown Minneapolis, and the Chain of Lakes. | Excellent transit connectivity with Metro
  • Stable in-place cash flow with opportunities to increase rental income over time. | Diverse tenant base driven by young professionals
  • Value-add investment opportunity through strategic rent growth and operational efficiencies. | Strong long-term appreciation potential
  • Strong historical occupancy supported by one of Minneapolis' most established rental submarkets. | Opportunity to increase Net Operating Income (NOI)
  • Highly walkable location near restaurants, coffee shops, breweries, grocery stores, boutique shopping, and neighborhood entertainment.

OVERVIEW

2641 Hennepin Ave presents an exceptional opportunity to acquire a well-located 8-unit apartment building along the highly desirable Hennepin Avenue corridor in the heart of Uptown Minneapolis. Positioned within one of the Twin Cities' most established and dynamic multifamily submarkets, the property offers investors a compelling combination of stable in-place income, long-term appreciation potential, and value-add upside in a neighborhood known for its enduring rental demand. The property's premier location attracts a diverse tenant base of young professionals, graduate students, and urban renters seeking a walkable lifestyle with immediate access to Uptown's vibrant dining, retail, and entertainment scene. Residents are just minutes from Lake of the Isles, Bde Maka Ska, Cedar Lake, and the Midtown Greenway, while also benefiting from convenient access to Downtown Minneapolis, major employment centers, and an extensive public transportation network. Supported by strong market fundamentals and a highly desirable urban location, 2641 Hennepin Ave provides investors with the opportunity to generate reliable cash flow while unlocking additional value through strategic rent growth and operational improvements. Whether acquired as a long-term hold or a value-add investment, this asset represents a rare opportunity to own a quality multifamily property in one of Minneapolis' most recognizable and consistently sought-after rental markets.

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$134 USD /SF

# OF UNITS

8

PRICE/UNIT

$181,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mount Royal Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1906

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C1

APN/PARCEL ID

33-029-24-42-0172

ASK ABOUT THIS PROPERTY

Cody SmithKiser GroupMore Info
651-353-3657

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Cody SmithKiser GroupMore Info
651-353-3657

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