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2110 S Park Ave 22 Unit Apartment Building $2,380,000 ($108,182/Unit) Minneapolis, MN 55404
INVESTMENT HIGHLIGHTS
- New roof completed in 2025 and updated common areas
- Ideal for investors seeking stable cash flow with long-term value growth potential
- Minneapolis 4d Affordable Housing Incentive Program in 2026, offering an estimated 40–60% property tax reduction
EXECUTIVE SUMMARY
2110 Park Avenue presents a well-maintained 22-unit low-rise apartment building located in the heart of Minneapolis, offering a mix of 5 studios and 17 one-bedroom units. The property features updated interiors, refreshed common areas, and a new roof completed in 2025, ensuring minimal near-term capital needs.
Positioned near downtown and key employment corridors, 2110 Park benefits from strong rental demand and excellent transit accessibility. The building is also set to participate in the City of Minneapolis 4d Affordable Housing Incentive Program beginning in 2026, providing an estimated 40–60% property tax reduction—enhancing long-term cash flow and investment stability.
With its desirable unit mix, proven location, and upcoming 4d tax advantage, 2110 Park Avenue offers investors a solid opportunity to acquire a stable, income-producing asset in one of Minneapolis’ most connected neighborhoods.
Positioned near downtown and key employment corridors, 2110 Park benefits from strong rental demand and excellent transit accessibility. The building is also set to participate in the City of Minneapolis 4d Affordable Housing Incentive Program beginning in 2026, providing an estimated 40–60% property tax reduction—enhancing long-term cash flow and investment stability.
With its desirable unit mix, proven location, and upcoming 4d tax advantage, 2110 Park Avenue offers investors a solid opportunity to acquire a stable, income-producing asset in one of Minneapolis’ most connected neighborhoods.
DATA ROOM Click Here to Access
- Offering Memorandum
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (PRO FORMA - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $2,380,000 | Building Class | C |
| Price Per Unit | $108,182 | Lot Size | 0.27 AC |
| Sale Type | Investment | Building Size | 15,300 SF |
| Sale Condition | 1031 Exchange | No. Stories | 3 |
| No. Units | 22 | Year Built | 1959 |
| Property Type | Multifamily | Parking Ratio | 0.52/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | RM2 | ||
| Price | $2,380,000 |
| Price Per Unit | $108,182 |
| Sale Type | Investment |
| Sale Condition | 1031 Exchange |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 15,300 SF |
| No. Stories | 3 |
| Year Built | 1959 |
| Parking Ratio | 0.52/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | RM2 |
AMENITIES
UNIT AMENITIES
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Walk-In Closets
- Office
- Smoke Free
- Vinyl Flooring
- Large Bedrooms
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Tenant Controlled HVAC
- Private Bathroom
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | $850.00 | 460 |
| 1+1 | 17 | $1,050 | 585 |
1 1
Walk Score®
Very Walkable (81)
Bike Score®
Biker's Paradise (96)
PROPERTY TAXES
| Parcel Number | 35-029-24-22-0011 | Total Assessment | $1,752,000 (2024) |
| Land Assessment | $155,000 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,597,000 (2024) | Tax Year | 2026 Payable 2026 |
PROPERTY TAXES
Parcel Number
35-029-24-22-0011
Land Assessment
$155,000 (2024)
Improvements Assessment
$1,597,000 (2024)
Total Assessment
$1,752,000 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026 Payable 2026
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VY Management
2110 S Park Ave
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