8-Unit One-Level Apartment
For Sale
$2,400,000
11024-11038 183rd Cir NW, Elk River, MN 55330
A 55+ rental community completed in 2020, arranged near shopping and the Hwy 101/169 corridor.
Property Size1,442 SF
Price / SF$1,664
Days on Market24
Property Features for 11024-11038 183rd Cir NW
General Information
Standard status
Active
Size
1,442 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Multifamily Units
8
Building Details
Year Built
2020
Buildings
4
Stories
1
Listing Agency:
Acuity Group
(763) 633-3535
Listed By:
Dustin Heggem · License #40416985
Source:
Thehomeadvantagegroup
Added: Aug 7
Changed: Aug 28
Last Checked: Aug 29 at 12:07PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Acuity Group
Investment Insights
Based on property information with market context.
This 55+ apartment community was built in 2020 and includes eight rental units arranged as four twin homes. The single-level layout provides a consistent configuration across the community, while each residence is described as well appointed with an effective floorplan. The property is positioned on a quiet cul-de-sac near local shopping and the Hwy 101/169 corridor.
Each unit carries a separate PID, creating a distinct property identification structure for the residences and supporting the option to form an association if individual unit sales are pursued. The eight-unit composition offers a compact multifamily format within a recently built residential community.
Each unit carries a separate PID, creating a distinct property identification structure for the residences and supporting the option to form an association if individual unit sales are pursued. The eight-unit composition offers a compact multifamily format within a recently built residential community.
Key Highlights
- 55+ rental community built in 2020
- Eight units configured as 4 twin homes
- All units are single‑level residences
Property Analytics
Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
582
Businesses Nearby
Explore this area
Business Placement
Demographics for 55330, MN
43,626
Population
16,796
Households
2.6
Avg Household Size
37
Median Age
33%
College-Educated
94%
High-School Grad
106.6 sq mi
ZIP Area
409
Density / Sq Mi
$111,481
Median Household Income
$59,332
Median Earnings
$1,356
Median Rent
$355,200
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - A 55+ rental community completed in 2020, arranged near shopping and the Hwy 101/169 corridor.
Where is this apartment building located?
The property is located at 11024-11038 183rd Cir NW Elk River, MN.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 55+ rental community built in 2020; Eight units configured as 4 twin homes; All units are single‑level residences
