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3720 Minnehaha Ave
Minneapolis, MN 55406 Howe

Price Upon Request

Apartments For Sale  •  11,328 SF

Property Details

  • Property Type Apartments
  • Total Building Size 11,328 SF
  • Lot Size 0.28 AC
  • Building Class C
  • Year Built 1963
  • Zoning R5
57 Transit Score
72 Walk Score

Highlights

Comprehensive renovations include new roof, windows, common area upgrades, new parking lot, and over $40,000 per unit in interior improvements
Strong In-Place Yield – Average rents of $1,393 per unit with stabilized occupancy and minimal deferred maintenance
Desirable Unit Mix – Five 1BR and twelve 2BR units averaging 733 SF, catering to a broad tenant base
Prime Neighborhood Location – Located in the vibrant Howe neighborhood, steps from local dining, coffee shops, parks, and public transit
Attractive Long-Term Hold – Low-maintenance investment in a well established residential area with limited competing product at this quality level

Amenities

  • 24 Hour Access
  • Air Conditioning
  • Controlled Access
  • Tenant Controlled HVAC
  • Heating
  • Kitchen
  • Range
  • Tub/Shower
  • Walk-Up
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Target Field Station (Northstar Corridor - Northstar Commuter Rail) 11 min - 4.6 mi
St. Paul-Minneapolis (Empire Builder - Amtrak) 18 min - 8.5 mi
Transit/SubwayDriveWalkDistance
38Th Street Station (Hiawatha Line - Minneapolis-Saint Paul Metro Transit Light Rail) 1 min 6 min 0.4 mi
AirportDriveWalkDistance
Minneapolis-St Paul International/Wold-Chamberlain 14 min - 7.0 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 12
Type: Surface
Included in Rent: Yes