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3816 Nicollet Ave
Minneapolis, MN 55409 Kingfield

$1,980,000 USD

Apartments For Sale • 6,742 SF

Property Details

Property Type Apartments
Total Building Size 6,742 SF
Lot Size 0.35 AC
Building Class C
Year Built 1966
Zoning R2B

53 Transit Score

86 Walk Score

                
                    Highlights
                
                                Embedded NOI boost through 4d participation and reduced property tax expenses appox 75% property tax reduction
                            
                                Consistently high occupancy within one of Minneapolis’ strongest renter-demand corridors
                            
                                Value-add potential via unit upgrades, amenity enhancements, and operational efficiencies
                            
                                Strong unit mix, predominantly one-bedrooms ideal for workforce and entry-level renters
                            
                                Location offering walkability, proximity to Eat Street, Uptown, major transit routes, and key employment hubs
                            
                                Operating RUBS program providing stabilized utility reimbursement income

Amenities

Air Conditioning
Kitchen
Refrigerator
Oven
Tub/Shower

Public Transportation

Commuter Rail	Drive	Walk	Distance
Target Field Station (Northstar Corridor - Northstar Commuter Rail)	10 min	-	4.2 mi
Airport	Drive	Walk	Distance
Minneapolis-St Paul International/Wold-Chamberlain	18 min	-	10.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	8
Type:	Surface
Included in Rent:	Yes

Doug McNicoll 651-900-4386 MRG Realty Partners

3816 Nicollet Ave Minneapolis, MN 55409 Kingfield