La Salle Apartments presents a rare opportunity to acquire a historically significant multifamily property in Sioux Falls, South Dakota. Built in 1937 and listed on the National Register of Historic Places, this property combines Art Deco and International Style architecture with enduring charm and functionality. The building comprises 30 units, including 12 studios, 17 one-bedroom units, and one two-bedroom unit, with six units offered furnished. Residents enjoy unique architectural details, common-area patio space above the garages, and on-site coin-operated laundry facilities. The property also includes 11 garage spaces, providing additional convenience for tenants. Situated on a 0.72-acre lot, La Salle Apartments offers a proforma cap rate of 5.82% and is zoned RA-2. Its location near downtown Sioux Falls provides easy access to local amenities, dining, and retail, as well as proximity to Sanford Health and major city thoroughfares. This asset offers investors a stable income opportunity with historic character and long-term value in a growing market.