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Minnehaha Manor Apartments 5315 Minnehaha Ave S 30 Unit Apartment Building $3,200,000 ($106,667/Unit) Minneapolis, MN 55417
EXECUTIVE SUMMARY
Prime South Minneapolis Location – Just steps from Minnehaha Falls, Mississippi River trails, and Minnehaha Park, offering tenants exceptional recreational access and a scenic urban lifestyle.
Desirable Unit Mix – 30 total units featuring 21 two-bedroom apartments and 9 one-bedroom units.
Strong Transit Connectivity – Located directly on the Metro Blue Line Light Rail, providing convenient access to Downtown Minneapolis, MSP International Airport, and the Mall of America.
Proximity to Major Employers – Minutes from the Minneapolis VA Medical Center, University of Minnesota, and key regional employment hubs.
Off-Street Parking – Ample surface parking available for residents, a valuable amenity in this high-demand location.
Walkable & Bike-Friendly Area – Surrounded by popular trails, neighborhood cafes, and local conveniences that attract long-term tenants.
Desirable Unit Mix – 30 total units featuring 21 two-bedroom apartments and 9 one-bedroom units.
Strong Transit Connectivity – Located directly on the Metro Blue Line Light Rail, providing convenient access to Downtown Minneapolis, MSP International Airport, and the Mall of America.
Proximity to Major Employers – Minutes from the Minneapolis VA Medical Center, University of Minnesota, and key regional employment hubs.
Off-Street Parking – Ample surface parking available for residents, a valuable amenity in this high-demand location.
Walkable & Bike-Friendly Area – Surrounded by popular trails, neighborhood cafes, and local conveniences that attract long-term tenants.
PROPERTY FACTS
| Price | $3,200,000 | Building Class | C |
| Price Per Unit | $106,667 | Lot Size | 0.64 AC |
| Sale Type | Investment | Building Size | 26,667 SF |
| No. Units | 30 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1971 |
| Apartment Style | Low-Rise | Parking Ratio | 0.82/1,000 SF |
| Zoning | R-5 | ||
| Price | $3,200,000 |
| Price Per Unit | $106,667 |
| Sale Type | Investment |
| No. Units | 30 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.64 AC |
| Building Size | 26,667 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1971 |
| Parking Ratio | 0.82/1,000 SF |
| Zoning | R-5 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Heating
- Kitchen
- Hardwood Floors
- Oven
- Range
- Carpet
- Smoke Free
SITE AMENITIES
- 24 Hour Access
- Laundry Facilities
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 21 | - | 550 - 650 |
| 1+1 | 9 | - | 650 |
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PROPERTY TAXES
| Parcel Number | 17-028-23-33-0037 | Improvements Assessment | $3,230,600 |
| Land Assessment | $378,400 | Total Assessment | $3,609,000 |
PROPERTY TAXES
Parcel Number
17-028-23-33-0037
Land Assessment
$378,400
Improvements Assessment
$3,230,600
Total Assessment
$3,609,000
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Minnehaha Manor Apartments | 5315 Minnehaha Ave S
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