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Multifamily

7th Street Apartments

1101 S 7th St, Minneapolis, MN 55415

Listing Price: $1,765,000

Cap Rate
5.66%
Number of Units
25
GRM
6.03
Price/Unit
$70,600
Price/Gross SF
$128.36
Gross SF
13,750

Investment Overview

Marcus & Millichap is pleased to present for sale 7th Street Apartments, a 25 unit apartment community located in Minneapolis.

7th Street Apartments presents a charming multifamily investment opportunity nestled in downtown Minneapolis. Boasting a prime location at 1101 S 7th Street, this property offers 25 one-bedroom units, each averaging 550 square feet with scheduled rents averaging $804. In addition to the 25 units there’s an estimated 500 square foot office in the basement complete with it’s own heating and AC system replaced in 2022.

At 7th Street Apartments, there’s a dedicated 6-space parking lot supplemented by ample street parking on its corner lot. Situated just a block from Elliot Park and the Elliot Park Recreation Center, residents enjoy easy access to green spaces and recreational amenities. Moreover, the property’s proximity to U.S. Bank Stadium, a mere block away, ensures residents immerse themselves in the vibrant dining and entertainment scene that Minneapolis is renowned for.

Step inside these thoughtfully designed units to discover hardwood floors, ceiling fans, and abundant natural light. With its enticing features, 7th Street Apartments offers a prime opportunity to become a part of Minneapolis’ thriving urban landscape. Take advantage of this dynamic investment opportunity – schedule your viewing today!

Investment Highlights

  • Pro Forma 8.54 Percent Cap Rate
  • Historic Brownstone Construction Exuding Vintage and Sophisticated Charm
  • Located in the Vibrant Elliot Park Neighborhood of Downtown Minneapolis, Offering Easy Access to a Plethora of Dining and Entertainment Options
  • Dedicated Six-Space Parking Lot Supplemented by Ample Street Parking
  • Close Proximity to Elliot Park and the Elliot Park Recreation Center
  • Thoughtfully Designed Units Featuring Hardwood Floors, Ceiling Fans, and Abundant Natural Light
  • Additional Office Space Located in the Basement Perfect for Property Management.

Exclusively Listed By

Multifamily

7th Street Apartments

Listing Price: $1,765,000

Cap Rate
5.66%
Number of Units
25
GRM
6.03
Price/Unit
$70,600
Price/Gross SF
$128.36
Gross SF
13,750

Investment Highlights

  • Pro Forma 8.54 Percent Cap Rate
  • Historic Brownstone Construction Exuding Vintage and Sophisticated Charm
  • Located in the Vibrant Elliot Park Neighborhood of Downtown Minneapolis, Offering Easy Access to a Plethora of Dining and Entertainment Options
  • Dedicated Six-Space Parking Lot Supplemented by Ample Street Parking
  • Close Proximity to Elliot Park and the Elliot Park Recreation Center
  • Thoughtfully Designed Units Featuring Hardwood Floors, Ceiling Fans, and Abundant Natural Light
  • Additional Office Space Located in the Basement Perfect for Property Management.

Investment Overview

Marcus & Millichap is pleased to present for sale 7th Street Apartments, a 25 unit apartment community located in Minneapolis. 7th Street Apartments presents a charming multifamily investment opportunity nestled in downtown Minneapolis. Boasting a prime location at 1101 S 7th Street, this property offers 25 one-bedroom units, each averaging 550 square feet with scheduled rents averaging $804. In addition to the 25 units there’s an estimated 500 square foot office in the basement complete with it’s own heating and AC system replaced in 2022. At 7th Street Apartments, there’s a dedicated 6-space parking lot supplemented by ample street parking on its corner lot. Situated just a block from Elliot Park and the Elliot Park Recreation Center, residents enjoy easy access to green spaces and recreational amenities. Moreover, the property’s proximity to U.S. Bank Stadium, a mere block away, ensures residents immerse themselves in the vibrant dining and entertainment scene that Minneapolis is renowned for. Step inside these thoughtfully designed units to discover hardwood floors, ceiling fans, and abundant natural light. With its enticing features, 7th Street Apartments offers a prime opportunity to become a part of Minneapolis’ thriving urban landscape. Take advantage of this dynamic investment opportunity – schedule your viewing today!

Exclusively Listed By

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