1634 Eustis St, Lauderdale, MN 55108

Marcus & Millichap is pleased to present Crossroads Apartments, a well-located 51- unit multifamily portfolio; 1634 Eustis Street, 1642 Eustis Street, and 2400 Larpenteur Avenue West. Comprising three buildings constructed in 1959 and 1960, the properties total 27,690 rentable square feet on 0.59 acres, with key building systems including one roof and two boilers replaced approximately 10 years ago. The asset benefits from an irreplaceable central location positioned between Minneapolis and Saint Paul, one of the most desirable and accessible corridors in the entire Twin Cities metro.

Crossroads Apartments is subject to a Land Use Restriction Agreement (LURA) with the Resolution Trust Corporation (RTC), originating in 1995 and expiring in 2035. Under this agreement, 13 units must be leased to tenants earning no more than 65 percent of area median income (A.M.I), and 13 units must be leased to tenants earning no more than 50 percent of A.M.I.

Crossroads Apartments is ideally located less than one mile from St. Anthony Park and situated directly between the University of Minnesota’s Saint Paul and Minneapolis campuses, providing steady demand from students, faculty, medical professionals, and workforce renters. The properties offer exceptional transportation accessibility with immediate proximity to major highways and interstates connecting tenants to regional employment hubs, retail districts, educational institutions, and recreational amenities. Its infill positioning, walkability, and convenient access to both urban cores make Crossroads Apartments a compelling acquisition opportunity in one of the Twin Cities’ most reliable rental submarkets.