2413 1st Ave S Minneapolis, MN 55404

Building Details

Year Built

2022

Listing Agency Kiser Group

Listed by Robert Dulin · License #MN40961803

Source Crexi

Added: May 25 Checked: Jul 17 at 6:04 am

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Investment Insights

Based on property information with market context.

The James at MCAD is a new-construction multifamily property completed in 2022. It is located in the Whittier neighborhood of Minneapolis, one block from the Minneapolis College of Art and Design. The property features 6 units with a total of 18 bedrooms and 15 bathrooms. The units are designed with a roommate-friendly layout, each featuring 3-bedroom floor plans with 2 to 2.5 bathrooms. The units include quartz countertops, premium cabinetry, stainless steel appliances, in-unit laundry, and private balconies. The property is designed for long-term durability and minimal maintenance. The property has demonstrated strong income performance, with rents supporting a minimum of $15,000+ per month. The property is near the “Eat Street” corridor on Nicollet Avenue, the Minneapolis Institute of Art, nearby parks, and the Midtown Greenway. It also offers connectivity with access to I-35W and I-94, allowing travel to Downtown Minneapolis, Uptown, and the University of Minnesota. The area features transit accessibility and is within a high-density rental submarket. The property is 7530 square feet.

Key Highlights

• New construction built in 2022 in a high‑demand rental location.
• Strong income performance with proven rental income of $15,000+ per month.
• Prime location near Minneapolis College of Art and Design.

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FAQs

What type of property is this?

Apartment building - New construction multifamily property near Minneapolis College of Art and Design.

Where is this apartment building located?

The property is located at 2413 1st Ave S Minneapolis, MN.

What are key features of this property?

This property features: New construction built in 2022 in a high‑demand rental location.; Strong income performance with proven rental income of $15,000+ per month.; Prime location near Minneapolis College of Art and Design.