Listing Agency: RES Realty j**@joelehrer.com Show Phone

Listed By: Shirzad Raimi Show Phone

Added: Feb 26 Changed: Jun 29 Last Checked: Aug 8 at 11:06AM

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MLS# 7026828

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Investment Insights

Based on property information with market context.

This property in Minneapolis, MN, presents a development opportunity for a 12-unit apartment building. The project is currently under review with the city. The seller is prepared to provide all necessary documentation, including site plans, architectural plans, a survey, and structural design documents. The property is zoned for residential multi-family use and comprises approximately 0.2 acres.

Key Highlights

• 12‑unit apartment building
• Under review with the city
• Seller will provide site plans

Property Analytics

Property Profile

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm HVAC Service Electrical Service Parking Lot & Garage (Bike/Boat/Book/etc) Store Dental Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

12

Residential units

Location Intelligence

Trade Area within ½ mile

560

Businesses Nearby

Explore this area Business Placement

Demographics for 55418, MN

31,887

Population

14,859

Households

2.1

Avg Household Size

37

Median Age

51%

College-Educated

93%

High-School Grad

7.0 sq mi

ZIP Area

4,555

Density / Sq Mi

$95,630

Median Household Income

$56,491

Median Earnings

$1,349

Median Rent

$332,500

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

Questions? Ask Rey

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Frequently Asked Questions

What type of property is this?

Apartment building - 12-unit apartment building development under review in Minneapolis.

Where is this apartment building located?

The property is located at 1008 29th Avenue NE Minneapolis, MN.

What is the asking price?

The asking price for this property is $239,900.

What are key features of this property?

This property features: 12‑unit apartment building; Under review with the city; Seller will provide site plans