2620 W 44th St | Minneapolis, MN 55410
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- LoopNet Team
2620 W 44th St
Minneapolis, MN 55410
LH44 Apartments - Lake Harriet · Multifamily Property For Sale
·
36 Units
INVESTMENT HIGHLIGHTS
- Prime Location: Located in the desirable Linden Hills neighborhood of Minnesota.
- Strong Market Fundamentals: Linden Hills and nearby Edina are high-end locations with a strong and stable real estate market.
- Cash Flow: With a strong rental market in the area, LH44 generates positive cash flow for investors through rental income.
- Limited Supply: Rare opportunity to purchase the first apartment building to be delivered within a half block of Lake Harriet in over 50 years.
- Upscale, Timeless, High-End Finishes: LH44 offers premium, upscale finishes that appeal to discerning residents seeking a luxurious living experience.
- Experienced Development Team: LH44 is developed by a team of experienced developers with a track record of success in the local market.
PROPERTY FACTS
| No. Units | 36 | Lot Size | 0.62 AC |
| Property Type | Multifamily | Building Size | 40,000 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2020 |
| Building Class | B | ||
| Zoning | R4 | ||
| No. Units | 36 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.62 AC |
| Building Size | 40,000 SF |
| No. Stories | 3 |
| Year Built | 2020 |
| Zoning | R4 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Views
- Patio
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 23 | - | 534 - 561 |
| 1+1 | 1 | - | 822 |
| 2+2 | 12 | - | 1,035 - 1,092 |
PROPERTY TAXES
| Parcel Number | 08-028-24-41-0338 | Improvements Assessment | $8,525,300 |
| Land Assessment | $600,700 | Total Assessment | $9,126,000 |
PROPERTY TAXES
Parcel Number
08-028-24-41-0338
Land Assessment
$600,700
Improvements Assessment
$8,525,300
Total Assessment
$9,126,000
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