2715 Hennepin Ave - Apartments FOR SALE


Minneapolis, MN 55408- Uptown Minneapolis
$800,000 USD
651-353-3657
2715 Hennepin Ave, Minneapolis, MN for Sale
$800,000 USD
Apartments - FOR SALE
1/1
null | 6.8% Cap Rate

2715 Hennepin Ave
Minneapolis, MN 55408
Uptown Minneapolis


HIGHLIGHTS

  • 5-unit apartment building located along the highly desirable Hennepin Avenue corridor in Uptown Minneapolis. | Minutes from Lake of the Isles, Bde
  • Prime infill location in one of the Twin Cities' strongest and most established multifamily investment markets. | Excellent access to Downtown Minn
  • Stable in-place cash flow with immediate income generation. | High-demand urban location attracting young professionals, graduate students
  • Value-add investment opportunity with the potential to increase rental income and Net Operating Income over time. | Strong long-term appreciation
  • Strong historical occupancy supported by consistent demand for well-located Uptown apartments. | Opportunity to enhance NOI through strategic asset
  • Walkable to Uptown's restaurants, coffee shops, breweries, grocery stores, boutique shopping, and neighborhood amenities. | Excellent financing

OVERVIEW

2715 Hennepin Ave presents an outstanding opportunity to acquire a well-positioned 5-unit apartment building in the heart of Uptown Minneapolis, one of the Twin Cities' most recognizable and enduring multifamily investment markets. Located along the highly sought-after Hennepin Avenue corridor, the property offers investors a rare combination of stable in-place cash flow, long-term appreciation potential, and value-add upside in a neighborhood known for its strong rental fundamentals and walkable urban lifestyle. The asset benefits from a premier infill location that consistently attracts young professionals, graduate students, and long-term renters seeking convenient access to Uptown's vibrant mix of restaurants, coffee shops, breweries, neighborhood retail, and entertainment. Residents also enjoy close proximity to Lake of the Isles, Bde Maka Ska, Cedar Lake, and the Midtown Greenway, providing an exceptional balance of urban convenience and outdoor recreation. Downtown Minneapolis and major employment centers are just minutes away, with excellent access to public transportation and major transportation corridors. Supported by durable rental demand and favorable market fundamentals, 2715 Hennepin Ave offers investors immediate income generation with opportunities to further increase Net Operating Income through strategic rent growth, expense optimization, and continued professional management. Whether acquired as a long-term hold or an addition to an expanding multifamily portfolio, this property represents a compelling investment opportunity in one of Minneapolis' most desirable and supply-constrained rental markets.

FOR SALE DETAILS

PRICE

$800,000 USD

PRICE/SF

$145 USD /SF

# OF UNITS

5

PRICE/UNIT

$160,000

CAP RATE

6.8%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1904

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,970 SF

ZONING

R6

APN/PARCEL ID

33-029-24-42-0187

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.