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8-Unit Apartment Building
For Sale
$1,450,000

2641 Hennepin Ave, Minneapolis, MN 55408

Historic multifamily asset near Uptown amenities, transit, downtown Minneapolis, and the Chain of Lakes.

Property Size10,356 SF
Days on Market57

Property Features for 2641 Hennepin Ave

General Information

Standard status Active
Size 10,356 SF
Property subtype Multifamily

Site & Location

Road Access Yes
Public Transit Yes

Additional Details

Multifamily Units 8

Building Details

Building Size 10,356 SF
Year Built 1906
Buildings 1
Listed By: Cody Smith
Source: Kisergroup
Added: Jul 9 Changed: Aug 31 Last Checked: Sep 2 at 3:02PM

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 Cody Smith

Investment Insights

Based on property information with market context.

Built in 1906, this 8-unit apartment building occupies a prominent position along Hennepin Avenue in Uptown Minneapolis. The property is configured as a small multifamily asset within an established urban residential corridor and offers access to the neighborhood’s restaurants, coffee shops, breweries, grocery stores, boutique shopping, and entertainment venues.

The location connects residents with downtown Minneapolis, Metro Transit, major roadways, and extensive bicycle infrastructure. Recreational destinations include Lake of the Isles, Bde Maka Ska, Cedar Lake, and the Midtown Greenway. The surrounding rental base includes young professionals, graduate students, and long-term urban renters, while the property’s established occupancy history supports its role as an income-producing apartment asset.

Key Highlights

  • 8‑unit apartment building built in 1906
  • Located at 2641 Hennepin Ave, Minneapolis, MN 55408
  • Uptown Minneapolis setting along the Hennepin Avenue corridor

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Electrical Service Locksmith Garden Center Pet Grooming Service HVAC Service Fish Market

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

8
Residential units
Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

3,013
Businesses Nearby

Demographics for 55408, MN

33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
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 multifamily asset near Uptown amenities, transit, downtown Minneapolis, and the Chain of Lakes.
Where is this apartment building located?
The property is located at 2641 Hennepin Ave Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 8‑unit apartment building built in 1906; Located at 2641 Hennepin Ave, Minneapolis, MN 55408; Uptown Minneapolis setting along the Hennepin Avenue corridor
More about this property
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