952-852-9700
5930-5950 W Broadway Ave, Minneapolis, MN for Sale
Apartments - FOR SALE
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5930-5950 W Broadway Ave
Minneapolis, MN 55428
Lions Park


HIGHLIGHTS

  • First time available in nearly 45 years, a true pride-of-ownership community in a high-demand Twin Cities suburb.
  • Clear Loss-to-Lease Upside – Current rents average $1,003 per month, well below market comparables, providing immediate revenue potential.
  • Situated on 2.43 acres with abundant parking, across from Broadway Park and minutes from shopping, dining, and major retail corridor on Bass Lake Road
  • Low-cost basis with Value-Add potential
  • 36-total units with an even split between one-bedroom and two-bedroom units
  • New roofs on all three buildings and all garages

OVERVIEW

Marcus & Millichap, as exclusive listing agent, is pleased to present Krystal Kourt Apartments, offered for sale for the first time in nearly 45 years. This 36-unit multifamily community is located in Crystal, Minnesota, and features an ideal unit mix of 18 one-bedroom and 18 two-bedroom residences. Built in 1966 and consistently well maintained, the property has benefited from continuous capital investment, including new roofs across all three buildings in 2025. The spacious apartments average 825 square feet, with current rents of $1,003 per month, providing investors with a stable income stream and clear upside potential through future rent growth. Situated on a generous 2.43-acre site, the community offers 36 garage stalls and 31 surface parking spaces, ensuring ample resident parking. Directly across from Broadway Park, residents enjoy immediate access to basketball courts, green space, and outdoor recreation, while the property’s layout and neighborhood setting foster a comfortable, community-oriented living environment. Less than a mile from the West Broadway retail corridor, Krystal Kourt combines the convenience of nearby shopping, dining, and entertainment with the feel of a residential neighborhood. With its long-term ownership, prime location, recent capital improvements, and significant value-add potential, Krystal Kourt Apartments represents a rare and compelling multifamily investment opportunity in the Twin Cities market.

FOR SALE DETAILS

PRICE

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# OF UNITS

36

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Krystal Kourts

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

76

LAND DETAILS

LAND ACRES

2.43 AC

LAND SF

105,851 SF

ZONING

-

APN/PARCEL ID

05-118-21-24-0002

ASK ABOUT THIS PROPERTY

Abe RobertsMarcus & MillichapMore Info
952-852-9700

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Abe RobertsMarcus & MillichapMore Info
952-852-9700

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