Listed by Kiser Group
Unpriced
The James at MCAD
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,530
Units 6
Year Built 2022
Multifamily | 6 Units
Marketing description
The James at MCAD presents a rare opportunity to acquire a new-construction (2022) boutique multifamily asset in one of Minneapolis’ most dynamic rental corridors. The property consists of 6 large-format units totaling 18 bedrooms and 15 bathrooms, designed to maximize rental efficiency through a roommate-friendly layout.
Each unit features expansive 3-bedroom floor plans with 2 to 2.5 bathrooms, offering tenants modern, open-concept living spaces complemented by high-end finishes throughout. Interiors include quartz countertops, premium cabinetry, stainless steel appliances, in-unit laundry, and private balconies, creating a luxury rental experience rarely found at this scale.
Built with a focus on long-term durability and minimal maintenance, the asset provides investors with true turnkey ownership and stable cash flow potential. The property has demonstrated strong income performance, with rents supporting a minimum of $15,000+ per month, highlighting its appeal to both student housing and young professional renters.
Situated in the highly desirable Whittier neighborhood of Minneapolis, the property is positioned just one block from Minneapolis College of Art and Design, one of the city’s premier higher education institutions. This immediate proximity creates consistent, built-in rental demand driven by students, faculty, and young professionals.
The property also benefits from its location near the renowned “Eat Street” corridor on Nicollet Avenue, a major cultural and dining hub offering a diverse mix of restaurants, retail, and entertainment options. Residents are within walking distance to the Minneapolis Institute of Art, nearby parks, and the Midtown Greenway, providing a strong lifestyle component that enhances tenant retention.
Additionally, the asset offers excellent connectivity with quick access to I-35W and I-94, allowing seamless travel to Downtown Minneapolis, Uptown, and the University of Minnesota. The area also features strong transit accessibility and sits within a high-density rental submarket
Investment highlights
- 2022 construction, minimal deferred maintenance
- 6 units, 18 bedrooms, 15 bathrooms
- Large three-bedroom layouts maximize rental income
- Luxury finishes: quartz, stainless, custom cabinetry
- In-unit laundry, private balconies, premium amenities
- Walkable MCAD location supports consistent occupancy
- Strong rental performance, flexible rental opportunity
- Transit-oriented location near highways, public transportation
Listing Contacts
Listed by Kiser Group
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