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2719 Park Ave 21 Unit Apartment Building For Sale Minneapolis, MN 55407
Investment Highlights
- Stabilized 21-Unit Community – 100% occupied with dependable in-place cash flow.
- 4D Tax Classification Potential – Opportunity for meaningful property tax savings.
- On-Site Laundry, Parking, Garages, Large front yard
- RUBS Program in Place – Utility reimbursement supports stronger operating margins.
- Well-Maintained Interiors – Excellent unit condition
- Adjacent to Abbott Northwestern Hospital, the Allina Health campus, and Children's Minnesota
Executive Summary
Visit Listing Homepage Here: https://2719parkave.sharplaunch.com/
2719 Park is a fully stabilized classic multifamily apartment community consisting of 21 units, including twenty 1-bedroom units and one 2-bedroom unit. Ideally located within Minneapolis' premier healthcare corridor, the property is adjacent to Abbott Northwestern Hospital, the Allina Health campus, and Children's Minnesota, providing long-term demand from one of the Twin Cities' largest employment centers.
The property is 100% occupied and features a RUBS (Ratio Utility Billing System) program already in place, on-site laundry, and well-maintained unit interiors. Additional value-add potential exists through 4D tax classification, which may provide meaningful property tax savings.
For more info and to schedule a property tour please reach out to Rocco Curella - (651) 398-0291
2719 Park is a fully stabilized classic multifamily apartment community consisting of 21 units, including twenty 1-bedroom units and one 2-bedroom unit. Ideally located within Minneapolis' premier healthcare corridor, the property is adjacent to Abbott Northwestern Hospital, the Allina Health campus, and Children's Minnesota, providing long-term demand from one of the Twin Cities' largest employment centers.
The property is 100% occupied and features a RUBS (Ratio Utility Billing System) program already in place, on-site laundry, and well-maintained unit interiors. Additional value-add potential exists through 4D tax classification, which may provide meaningful property tax savings.
For more info and to schedule a property tour please reach out to Rocco Curella - (651) 398-0291
Property Facts
| Sale Type | Investment | Building Size | 17,460 SF |
| No. Units | 21 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1931 |
| Apartment Style | Mid-Rise | Parking Ratio | 0.17/1,000 SF |
| Building Class | C | Opportunity Zone |
Yes
|
| Lot Size | 0.43 AC | ||
| Zoning | OR2 | ||
| Sale Type | Investment |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 17,460 SF |
| Average Occupancy | 100% |
| No. Stories | 4 |
| Year Built | 1931 |
| Parking Ratio | 0.17/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | OR2 |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Playground
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | $824.00 | - |
| 2+1 | 1 | $1,129 | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Exceptionally bikeable
90/100
Property Taxes
| Parcel Number | 35-029-24-32-0202 | Improvements Assessment | $1,670,200 |
| Land Assessment | $223,800 | Total Assessment | $1,894,000 |
Property Taxes
Parcel Number
35-029-24-32-0202
Land Assessment
$223,800
Improvements Assessment
$1,670,200
Total Assessment
$1,894,000
Contacts
-
Rocco Curella -
MaryPat McNicoll -
Jake Mahabadi -
Doug McNicoll -
MRG Realty Partners
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2719 Park Ave
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