New Multifamily Property with
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120 W Hatting St, Luverne, MN 56156
Multifamily property built in 2023 with assumable HUD loan.
Property SizeContact for details
Days on Market191
Property Features for 120 W Hatting St
General Information
Standard status
Active
Class
A
Property subtype
Multifamily
Building Details
Year Built
2023
Buildings
2
Stories
3
Units
54
Listing Agency:
Bender Commercial
(605) 336-7600
Listed By:
Nick Gustafson · License #SD 12071
Source:
Crexi
Added: Feb 9
Changed: Aug 8
Last Checked: Jul 17 at 7:30AM
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 Bender Commercial
Investment Insights
Based on property information with market context.
This multifamily property was constructed in 2023 with an ecofriendly, environmentally conscious, and energy-efficient design, meeting EnergyStar, Indoor AirPlus, and Zero Energy Ready Home Standards. The property features amenities such as EV charging stations, elevators, in-floor radiant heat, patios/balconies, granite countertops, and in-suite washer/dryers and dishwashers. The landlord is responsible for all utilities, including gas, electric, water/sewer, and trash. An assumable HUD loan originated on May 15, 2025, with a balance of $5,360,000, an interest rate of 5.46%, and a 35-year term and amortization.
Key Highlights
- Assumable HUD Loan: $5,360,000 at 5.46% with a 35‑year term.
- Newly Constructed in 2023: Benefit from modern construction and design.
- Energy Efficient Design: Built to EnergyStar, Indoor AirPlus, and Zero Energy Ready Home Standards.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
210
Businesses Nearby
Explore this area
Business Placement
Demographics for 56156, MN
6,270
Population
2,756
Households
2.3
Avg Household Size
42
Median Age
28%
College-Educated
94%
High-School Grad
166.9 sq mi
ZIP Area
38
Density / Sq Mi
$75,234
Median Household Income
$42,706
Median Earnings
$726
Median Rent
$200,900
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Multifamily property built in 2023 with assumable HUD loan.
Where is this apartment building located?
The property is located at 120 W Hatting St Luverne, MN.
What is the asking price?
The asking price for this property is $7,000,000.
What are key features of this property?
This property features: Assumable HUD Loan: $5,360,000 at 5.46% with a 35‑year term.; Newly Constructed in 2023: Benefit from modern construction and design.; Energy Efficient Design: Built to EnergyStar, Indoor AirPlus, and Zero Energy Ready Home Standards.
