4429 S Nicollet Ave - Apartments FOR SALE
Minneapolis, MN 55419 |
4429 S Nicollet Ave
Minneapolis, MN 55419
HIGHLIGHTS
- Unique unit mix: 20 three-bedroom, 7 two-bedroom, and 2 one-bedroom units.
- Only multifamily complex in the area with predominantly 3-bedroom units
- Located in Kingfield, a sought-after neighborhood in Southwest Minneapolis - close to boutiques, coffeeshops, restaurants & major employment centers.
- 29 off-street parking spaces could generate an additional $26,100 annually at $75/space/month.
- Fully renovated units (2020-2024) with new cabinets, granite countertops, LVT flooring and modern finishes throughout.
- Utility reimbursements were fully implemented in 2024, which equates to approximately $150/unit/month and totaling $53,000 annually.
FOR SALE DETAILS
PRICE
-
# OF UNITS
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CAP RATE
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% LEASED
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BUILDING DETAILS
PROPERTY NAME
NIC 44
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
34438
STORIES
3
YEAR BUILT
1921
PARKING SPACES
29
LAND DETAILS
LAND ACRES
-
LAND SF
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ZONING
-
APN/PARCEL ID
10-028-24-43-0167
