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1009 Park Ave
Minneapolis, MN 55404
Drexel Apartments · Multifamily Property For Sale
·
75 Units
Investment Highlights
- Immediate Upside
- Positioned in a strengthening Downtown Minneapolis
- Strong Submarket Fundamentals
- Excellent connectivity to I-35W, I-94, and METRO Blue & Green Line light rail
Property Facts
| No. Units | 75 | Lot Size | 0.92 AC |
| Property Type | Multifamily | Building Size | 62,816 SF |
| Property Subtype | Apartment | Average Occupancy | 72% |
| Apartment Style | Low-Rise | No. Stories | 3 |
| Building Class | C | Year Built | 1901 |
| Zoning | R6 - High-Density Multi-Family Residential District | ||
| No. Units | 75 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.92 AC |
| Building Size | 62,816 SF |
| Average Occupancy | 72% |
| No. Stories | 3 |
| Year Built | 1901 |
| Zoning | R6 - High-Density Multi-Family Residential District |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Freezer
- Smoke Free
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Storage Space
- Public Transportation
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | 450 |
| 1+1 | 60 | - | 650 - 700 |
| 2+1 | 3 | - | 750 - 900 |
| 2+2 | 3 | - | 950 |
Property Taxes
| Parcel Number | 26-029-24-32-0034 | Improvements Assessment | $4,933,000 |
| Land Assessment | $869,000 | Total Assessment | $5,802,000 |
Property Taxes
Parcel Number
26-029-24-32-0034
Land Assessment
$869,000
Improvements Assessment
$4,933,000
Total Assessment
$5,802,000
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