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27641821
27641822

3 Locations For Sale

RD
MN MN40961803
Kiser Group
Kiser Group
Listed by Kiser Group
Unpriced
270 days on market
Updated 16 days ago

Northeast Multifamily Portfolio

Details
APN Hennepin 1402924320088: 1402924220141 :Hennepin 1302924340159
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,980
Net Rentable (SqFt) 32,413
Units 35
Occupancy 100%
Year Built 1890, 1964,1986
Year Renovated 2017, 2019, 2020
Buildings 3
Stories 7
Acreage 0.2 - 0.25
Zoning R2B:R5
Parking Spaces 9 spaces
Parking per 1,000 SqFt 0.82

Multifamily | 35 Units

Marketing description

Kiser Group is pleased to present for sale the Northeast Portfolio, a 35-unit, three-property multifamily portfolio located in the trendy Northeast Minneapolis Neighborhood. The properties are located throughout Northeast Minneapolis, offering direct access to an eclectic mix of hip bars and eateries, breweries, and coffee shops as well as recreational amenities at the Mississippi riverfront and Boom Island with close proximity to Target Field, Target Center, U.S. Bank Stadium, the Theater District, and the Central Business District. The current ownership has completed extensive renovations of both the exterior and interior elements of all three properties over the last several years. All units are “best-in-class” and feature new cabinets, granite countertops, subway tile backsplash, LVT flooring, as well as complete bathroom remodels that include new tubs, tile, vanity, toilets, and lighting

Northeast Minneapolis is a vibrant neighborhood blending recreation, culture, and history with easy access to popular attractions. Nestled along the Mississippi River and accessible from the freeway, it extends into a thriving industrial oasis. The area features commercial districts along University Avenue, Central Avenue, East Hennepin Avenue, and Broadway Street, offering diverse amenities. With a mix of old architecture, classic housing, bustling commercial streets, industrial work centers, and a popular art scene, Northeast is a dynamic part of the city. It provides walkable access to restaurants, breweries, bars, entertainment venues, riverfront parks, and neighborhood shopping, making it one of the most exciting neighborhoods in Minneapolis.

Investment highlights

  • 35-unit, three-property multifamily portfolio
  • Trendy Northeast Minneapolis Neighborhood
  • Proximity to Target Field, Target Center, and U.S. Bank Stadium
  • Extensive renovations to exterior and interior elements
  • "Best-in-class" units with modern features and finishes
  • Complete bathroom remodels with new tubs, tile, vanity, toilets, and lighting

Listing Contacts

RD
MN MN40961803
Kiser Group
Kiser Group
Listed by Kiser Group

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Additional Information

Name
Robert Dulin
License
MN40961803
Brokerage
Kiser Group
Title
Managing Broker (MN)
Brokerage Address
200 Southdale Center
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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