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Renovated 29-Unit Apartment Building
For Sale
Contact for pricing
Pending

4429 Nicollet Avenue South, Minneapolis, MN 55419

Updated multifamily property with predominantly three-bedroom residences and convenient access to Nicollet Avenue and I-35W.

Property Size27,750 SF
Days on Market542

Property Features for 4429 Nicollet Avenue South

General Information

Standard status Pending
Size 27,750 SF
Total Parking Spaces 29
Property subtype Multifamily
Occupancy 97%

Site & Location

Highway Access Yes
Road Access Yes

Additional Details

Multifamily Units 29

Building Details

Year Built 1921
Year Renovated 2024
Units 29
Listing Agency: Kiser Group
Listed By: Robert Dulin · License #MN40961803
Source: Crexi
Added: Mar 17, 2025 Changed: Sep 6 Last Checked: Sep 5 at 3:14PM

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 Kiser Group

Investment Insights

Based on property information with market context.

This 27,750-square-foot apartment property contains 29 units and was built in 1921. Every residence received renovation work between 2020 and 2022, including granite countertops, stainless steel appliances, and new flooring. The unit mix is weighted toward three-bedroom layouts with large open floorplans, and the property is currently 97% occupied.

Located at 4429 Nicollet Avenue South in Minneapolis, the building sits in the Kingfield neighborhood of Southwest Minneapolis near I-35W. The surrounding area includes restaurants, coffee shops, independent businesses, parks, and trails, with Lake Harriet and Minnehaha Creek among the nearby recreational destinations. Downtown Minneapolis, Uptown, and Lake Harriet are accessible from the property.

Key Highlights

  • 29‑unit apartment property totaling 27,750 square feet
  • All units renovated between 2020 and 2022
  • Predominantly three‑bedroom unit mix with large open floorplans

Property Analytics

Current Use

Apex Holdings LLC Holding Company

Suggested Use

Top Pick Law Firm Parking Lot & Garage Computer & Electronic Repair (Bike/Boat/Book/etc) Store Furniture & Home Goods Accounting Firm

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

29
Residential units
97%
Occupancy
Yes
Highway access
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

805
Businesses Nearby

Demographics for 55419, MN

27,919
Population
12,119
Households
2.3
Avg Household Size
39
Median Age
72%
College-Educated
97%
High-School Grad
4.2 sq mi
ZIP Area
6,647
Density / Sq Mi
$143,254
Median Household Income
$77,467
Median Earnings
$1,476
Median Rent
$479,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Updated multifamily property with predominantly three-bedroom residences and convenient access to Nicollet Avenue and I-35W.
Where is this apartment building located?
The property is located at 4429 Nicollet Avenue South Minneapolis, MN.
What are key features of this property?
This property features: 29‑unit apartment property totaling 27,750 square feet; All units renovated between 2020 and 2022; Predominantly three‑bedroom unit mix with large open floorplans
More about this property
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