1101 on Main

About 1101 on Main

Bustling, Urban, Infill LOCATION

• Winner of "Best Art District" in America - (USA Today 2015)
• #3 City in America for Beers Lovers - (Travel & Leisure 2013)

RARE OPPORTUNITY to purchase modern multifamily in NE Minneapolis

• Opportunity to purchase a Class A property below replacement cost
• Only two market rate apartment buildings built since 1990 (rents at $2.00 psf)
• Northeast Minneapolis is the “new Uptown” but with far fewer apartment buildings

Incredibly Large FLOORPLANS

• 1101 on Main has an average unit size that is 40% larger than the competition
• Demand for larger units is increasing as millennials get married and start families
• Nearly all units have a minimum of 1.5 bathrooms and a dedicated laundry room

Major Upside in RENTAL INCOME

• Current lease rates are below market while including underground parking and all utilities except electric.

Strong demand FUNDAMENTALS

• Proximity to Downtown Minneapolis (160,000 jobs) and the University of Minnesota (22,000 jobs)
• Endless neighborhood amenities