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    FOR SALE
    Apartment buildings

    2323 Clinton Ave, Minneapolis, MN 55404

    18,894 SF Built 1962
    Property ID
    US46-3118783
    Property summary
    AI-generated overview

    39 Units | 100% Occupied | | Adjacent Assets Offering Immediate Operational Scale PROPERTIES CAN BE SOLD TOGETHER OR INDIVIDUALLY TO SET UP A TOUR CONTACT MARYPAT OR JAKE OR FOR MORE INFO 39-unit multifamily comprised of two properties located directly across the street from one another: 2401 Clinton (17 units) and 2323 Clinton (22 units). The properties are ideally positioned in a highly walkable South Minneapolis location, within walking distance to Downtown Minneapolis, Eat Street, MCAD, and the Minneapolis Institute of Art. Situated directly on a bus line with convenient access to Uptown and the Midtown Greenway. The portfolio consists of 8 studios and 31 one-bedroom units, providing a highly efficient and consistently leasable unit mix aligned with strong rental demand. The properties are currently 100% occupied. 2323 Clinton has a covered parking. Operational upside exists through RUBS implementation or optimization, expense recapture, and strategic interior upgrades upon turnover. Two properties that are easy to manage due to the side-by-side positioning. Property HomePages https://2401clintonavenuesouth.sharplaunch.com/ https://2323clintonavenuesouth.sharplaunch.com/

    Property profile
    Verified
    Property type Apartment buildings
    Year built 1962
    Total area 18,894 SF
    UPID US46-3118783
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
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