MN46 Apartments

About MN46 Apartments

Cushman & Wakefield is pleased to present for sale, MN46 Apartments, a 54-unit luxury Multifamily development in the Hiawatha neighborhood of Minneapolis. MN46 sits in an “urban oasis” with phenomenal access to Minnehaha Regional Park, biking trails, shopping in Highland Park, the Hiawatha LRT Line, award-winning restaurants, and the MSP International Airport. The property boasts high end finishes and modern design with rents that are only slightly higher than renovated Class C buildings nearby.

Completed in 2020, MN46 was a finalist for “Best Urban Neighborhood Project” by The Minnesota Real Estate Journal. The project features expansive floor-to-ceiling windows, architecturally unique floorplans, stainless steel appliances, quartz countertops, in-unit washer and dryer, and custom cabinets. In addition, the property has two retail spaces on the first floor totaling 1,791 square feet. The immediate neighborhood is an urbanite’s paradise with diverse shopping, restaurants, grocery, coffee shops, and walking/bike paths.

MN46 offers investors the opportunity to acquire a trophy-quality asset in a flourishing Minneapolis neighborhood. The building delivered strong lease-up results during the summer and fall of 2020 and additional upside exists for new ownership upon lease renewal and unit turnovers. The Hiawatha neighborhood is attracting renters from around the metro and the neighborhood’s destination status is in the early stages of ascent that will continue to reward investors with increased neighborhood activity and a higher density of amenities.