4429 S Nicollet Ave | Minneapolis, MN 55419
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- LoopNet Team
4429 S Nicollet Ave
Minneapolis, MN 55419
NIC 44 · Multifamily Property For Sale
·
29 Units
INVESTMENT HIGHLIGHTS
- Unique unit mix: 20 three-bedroom, 7 two-bedroom, and 2 one-bedroom units.
- Located in Kingfield, a sought-after neighborhood in Southwest Minneapolis - close to boutiques, coffeeshops, restaurants & major employment centers.
- Fully renovated units (2020-2024) with new cabinets, granite countertops, LVT flooring and modern finishes throughout.
- Only multifamily complex in the area with predominantly 3-bedroom units
- 29 off-street parking spaces could generate an additional $26,100 annually at $75/space/month.
- Utility reimbursements were fully implemented in 2024, which equates to approximately $150/unit/month and totaling $53,000 annually.
PROPERTY FACTS
| No. Units | 29 | Building Size | 34,438 SF |
| Property Type | Multifamily | Average Occupancy | 97% |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 1921 |
| Building Class | C | Parking Ratio | 0.84/1,000 SF |
| Lot Size | 0.81 AC | ||
| Zoning | R4 - Multiple-family residential units | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 34,438 SF |
| Average Occupancy | 97% |
| No. Stories | 3 |
| Year Built | 1921 |
| Parking Ratio | 0.84/1,000 SF |
| Zoning | R4 - Multiple-family residential units |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | 700 |
| 2+1 | 7 | - | 850 |
| 3+1 | 21 | - | 1,000 - 1,200 |
PROPERTY TAXES
| Parcel Number | 10-028-24-43-0167 | Improvements Assessment | $3,254,600 |
| Land Assessment | $705,400 | Total Assessment | $3,960,000 |
PROPERTY TAXES
Parcel Number
10-028-24-43-0167
Land Assessment
$705,400
Improvements Assessment
$3,254,600
Total Assessment
$3,960,000
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