5405 Chicago Ave | Minneapolis, MN 55417
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- LoopNet Team
5405 Chicago Ave
Minneapolis, MN 55417
The Pearl · Multifamily Property For Sale
·
48 Units
INVESTMENT HIGHLIGHTS
- 48-Unit Market-Rate Mixed Use Building
- Located in an Up-and-Coming Neighborhood
- Main Level Retail Space
- The Location is Near Diamond Lake, Lake Nokomis, and the Minnehaha Parkway
PROPERTY FACTS
| No. Units | 48 | Building Size | 55,346 SF |
| Property Type | Multifamily | Average Occupancy | 98% |
| Property Subtype | Apartment | No. Stories | 4 |
| Apartment Style | Mid-Rise | Year Built | 2024 |
| Building Class | B | Parking Ratio | 0.28/1,000 SF |
| Lot Size | 0.38 AC | ||
| Zoning | CM2 | ||
| No. Units | 48 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.38 AC |
| Building Size | 55,346 SF |
| Average Occupancy | 98% |
| No. Stories | 4 |
| Year Built | 2024 |
| Parking Ratio | 0.28/1,000 SF |
| Zoning | CM2 |
AMENITIES
- Ventilation - Venting
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Balcony
- Cable Ready
- Dishwasher
- Disposal
- Microwave
- Storage Space
- Washer/Dryer
- Washer/Dryer Hookup
- Heating
- Security System
- Bay Window
- Ceiling Fans
- Kitchen
- Granite Countertops
- Vaulted Ceiling
- High Speed Internet Access
- Refrigerator
- Oven
- Sprinkler System
- Stainless Steel Appliances
- Range
- Tub/Shower
- Views
- Walk-In Closets
- Carpet
- Wi-Fi
- Den
- Dining Room
- Double Pane Windows
- Freezer
- Handrails
- Intercom
- Island Kitchen
- Lawn
- Linen Closet
- Office
- Pantry
- Patio
- Wheelchair Accessible (Rooms)
- Window Coverings
- Workshop
SITE AMENITIES
- 24 Hour Access
- Business Center
- Controlled Access
- Property Manager on Site
- Security System
- Disposal Chutes
- Wheelchair Accessible
- On-Site Retail
- Package Service
- Wi-Fi
- Storage Space
- Bicycle Storage
- Car Charging Station
- Community-Wide WiFi
- Elevator
- Lounge
- Sundeck
- Green Community
- Fiber Optic Internet
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | $1,398 | 503 - 745 |
| 2+1 | 17 | $1,677 | 648 - 966 |
| 2+2 | 16 | $1,677 | 800 - 1,141 |
| 3+2 | 3 | $1,938 | 1,137 |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $1,697,300 | |
| Land Assessment | $297,700 | Total Assessment | $1,995,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$297,700
Improvements Assessment
$1,697,300
Total Assessment
$1,995,000
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