Multifamily
Heritage Kourt
3105 Heritage Dr, Edina, MN 55435
Listing Price: Request For Offer
Investment Overview
Offered for sale for the first time in more than 40 years, Marcus & Millichap, as exclusive listing agent, is pleased to present Heritage Kourt Apartments, a boutique multifamily trophy asset located in the highly coveted Southdale District of Edina, Minnesota. Positioned just north of West 66th Street and east
of France Avenue S, the property benefits from one of the Twin Cities’ most desirable and high-barrier-to-entry A+ locations.
Set on 1.57 acres, Heritage Kourt consists of three adjacent buildings with 33 residences, including 27 one-bedroom units and 6 two-bedroom units. Built in 1961, the community has been exceptionally well maintained, offering residents an attractive and stable living environment. Units average 736 square feet, and the property includes 33 garage spaces, providing convenient parking.
The property’s location offers direct access to Edina’s most prominent amenities. Southdale Center, the region’s premier shopping destination with a broad mix of retail, dining, and entertainment, is only minutes away. Also nearby is Galleria Edina, a luxury retail hub anchored by high-end boutiques and restaurants. Residents additionally enjoy close proximity to Centennial Lakes Park, a 24-acre urban retreat featuring walking paths, paddle boat rentals, miniature golf, and fishing. Beyond lifestyle amenities, Edina is home to some of Minnesota’s most affluent households and consistently ranks among the
state’s top public school districts, further reinforcing the area’s long-term
desirability.
For investors, Heritage Kourt presents a compelling value-add opportunity. Strategic in-unit upgrades—such as new kitchens, stainless steel appliances, quartz countertops, luxury vinyl plank flooring, and refreshed bathrooms—have the potential to drive meaningful rent increases. Enhancements to common
areas, including hallways, lobbies, and landscaping, as well as the addition of modern amenities like a fitness center or community lounge, could further elevate the property’s profile and enhance the resident experience.
With its prime Edina location, strong unit mix, and significant upside potential, Heritage Kourt Apartments represents a true trophy asset offering investors an exceptional opportunity to acquire a well-maintained community positioned for long-term rent growth, strong tenant appeal, and durable value appreciation.
Heritage Kourt
Investment Highlights
- First time available in 40+ years – Rare opportunity to acquire a boutique multifamily trophy asset in Edina's highly coveted Southdale District.
- Premier A+ location – Positioned just north of West 66th Street and east of France Avenue S in a high-barrier-to-entry City of Edina.
- 33 total residences – Spanning across three adjacent buildings on 1.57 acres, with 27 one-bedroom units and 6 two-bedroom units.
- Unmatched access to amenities – Minutes from Southdale Center, Galleria Edina, and Centennial Lakes Park; surrounded by Edina's affluent households and top-ranked schools.
- Compelling value-add potential – Strategic upgrades to unit interiors, common areas, and amenities can significantly increase rental income and tenant appeal.
- Strong long-term fundamentals – Trophy asset positioned for sustained rent growth, enhanced tenant demand, and durable value appreciation.
Exclusively Listed By
Investment Highlights
- First time available in 40+ years – Rare opportunity to acquire a boutique multifamily trophy asset in Edina's highly coveted Southdale District.
- Premier A+ location – Positioned just north of West 66th Street and east of France Avenue S in a high-barrier-to-entry City of Edina.
- 33 total residences – Spanning across three adjacent buildings on 1.57 acres, with 27 one-bedroom units and 6 two-bedroom units.
- Unmatched access to amenities – Minutes from Southdale Center, Galleria Edina, and Centennial Lakes Park; surrounded by Edina's affluent households and top-ranked schools.
- Compelling value-add potential – Strategic upgrades to unit interiors, common areas, and amenities can significantly increase rental income and tenant appeal.
- Strong long-term fundamentals – Trophy asset positioned for sustained rent growth, enhanced tenant demand, and durable value appreciation.
Investment Overview
Offered for sale for the first time in more than 40 years, Marcus & Millichap, as exclusive listing agent, is pleased to present Heritage Kourt Apartments, a boutique multifamily trophy asset located in the highly coveted Southdale District of Edina, Minnesota. Positioned just north of West 66th Street and east of France Avenue S, the property benefits from one of the Twin Cities’ most desirable and high-barrier-to-entry A+ locations. Set on 1.57 acres, Heritage Kourt consists of three adjacent buildings with 33 residences, including 27 one-bedroom units and 6 two-bedroom units. Built in 1961, the community has been exceptionally well maintained, offering residents an attractive and stable living environment. Units average 736 square feet, and the property includes 33 garage spaces, providing convenient parking. The property’s location offers direct access to Edina’s most prominent amenities. Southdale Center, the region’s premier shopping destination with a broad mix of retail, dining, and entertainment, is only minutes away. Also nearby is Galleria Edina, a luxury retail hub anchored by high-end boutiques and restaurants. Residents additionally enjoy close proximity to Centennial Lakes Park, a 24-acre urban retreat featuring walking paths, paddle boat rentals, miniature golf, and fishing. Beyond lifestyle amenities, Edina is home to some of Minnesota’s most affluent households and consistently ranks among the state’s top public school districts, further reinforcing the area’s long-term desirability. For investors, Heritage Kourt presents a compelling value-add opportunity. Strategic in-unit upgrades—such as new kitchens, stainless steel appliances, quartz countertops, luxury vinyl plank flooring, and refreshed bathrooms—have the potential to drive meaningful rent increases. Enhancements to common areas, including hallways, lobbies, and landscaping, as well as the addition of modern amenities like a fitness center or community lounge, could further elevate the property’s profile and enhance the resident experience. With its prime Edina location, strong unit mix, and significant upside potential, Heritage Kourt Apartments represents a true trophy asset offering investors an exceptional opportunity to acquire a well-maintained community positioned for long-term rent growth, strong tenant appeal, and durable value appreciation.
Exclusively Listed By
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