2427 Blaisdell Ave, Minneapolis, MN 55404
For Sale
This exceptional 30-unit apartment building, located at 2427 Blaisdell Ave in Minneapolis, Minnesota, presents a compelling investment opportunity. The property, built in 1958, is a four-story Class B building situated on an 11,156 square foot lot and zoned 5-5. Currently operating at full occupancy, this financially stable asset offers a strong unit mix, including 24 one-bedroom units, three studios, and three two-bedroom apartments. Its prime location in the Whittier neighborhood provides easy access to Interstate 35W, downtown Minneapolis, and the Minneapolis College of Art and Design (MCAD), contributing to high tenant retention. The building also includes on-site parking. The asking price is $3,570,000, representing $119,000 per unit. This presents a significant opportunity for value enhancement through potential upgrades or rent optimization. The property's strong financial performance and desirable location make it an attractive investment in a thriving Minneapolis community. The building's solid history and current performance make it a low-risk, high-reward investment. Further details are available upon request.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.