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Lilium 31-Unit Apartment Building
For Sale
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706 S 9th St, Minneapolis, MN 55404

Historic Minneapolis property with updated interiors and resident-focused amenities.

Property SizeContact for details
Days on Market146

Property Features for 706 S 9th St

General Information

Standard status Active
Property subtype Multifamily

Site & Location

Highway Access Yes
Public Transit Yes

Additional Details

Multifamily Units 31

Amenities

stainless steel appliance package
remodeled bathrooms with walk-in showers
on-site laundry
workout facilities
bike storage

Building Details

Year Built 1915
Year Renovated 2015
Buildings 1
Listing Agency: Michel Commercial Real Estate International
Listed By: Heidi Addo · License #MN
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 2:06AM

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 Michel Commercial Real Estate International

Investment Insights

Based on property information with market context.

The Lilium is a 31-unit apartment building in Minneapolis, originally constructed in 1915 and fully renovated in 2015. Unit interiors include stainless steel appliance packages and remodeled bathrooms with walk-in showers. Shared amenities include on-site laundry, workout facilities, and bike storage, combining contemporary functionality with the character of the original building.

The property is in Minneapolis’s Elliot Park neighborhood, adjacent to the Hennepin County Medical Center Minneapolis campus. Light rail service is three blocks away, while coffee shops, bars, and restaurants are within walking distance. Interstate 94 and Interstate 35W are both less than half a mile from the building, providing access throughout Minneapolis and the Twin Cities.

Key Highlights

  • 31‑unit apartment building in Minneapolis
  • Originally built in 1915 and fully renovated in 2015
  • Stainless steel appliance package included in each unit

Property Analytics

Current Use

Lilium Apartments Apartment Building

Suggested Use

Top Pick Electrical Service Auto Parts Store Veterinary Clinic Pet Grooming Service Nail Salon Home Appliance Store

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

31
Residential units
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

9,359
Businesses Nearby

Demographics for 55404, MN

29,322
Population
14,372
Households
2
Avg Household Size
32
Median Age
35%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
16,290
Density / Sq Mi
$43,932
Median Household Income
$35,970
Median Earnings
$1,063
Median Rent
$294,200
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 - Historic Minneapolis property with updated interiors and resident-focused amenities.
Where is this apartment building located?
The property is located at 706 S 9th St Minneapolis, MN.
What are key features of this property?
This property features: 31‑unit apartment building in Minneapolis; Originally built in 1915 and fully renovated in 2015; Stainless steel appliance package included in each unit
More about this property
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