Past Sales

Refine Your Search

    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
1101 on Main
52 Units
1101 Main St NE
Minneapolis, MN  55413
Type: Fractured
Closed: 4/1/2016
CLOSED 3/31/2016

Cushman & Wakefield/NorthMarq is pleased to present Century Commons, a premier value-add investment opportunity. The property offers 153 student bedrooms (39 units) directly adjacent to Century College, Minnesota’s largest two-year community and technical college (11,000 students). Investors are offered the opportunity to acquire a strategically located, well-maintained student housing property with substantial value-add potential through kitchen renovations and light common area upgrades.

Century Commons provides students with a unique living environment that cannot be replicated in the marketplace. Furnished units are rented by-the-bedroom with lease structures catering to the academic calendar. Amenities appeal to the unique needs of students and include wireless internet, study lounge with computers and snack machines, controlled entry, video surveillance system and barbeque area.

Future ownership will be able to build on a multi-year year track record of NOI growth and benefit from a captive audience of student renters. Low long-term interest rates, continued rent growth and minimal ongoing capital requirements will make Century Commons a solid investment with strong cash-on-cash returns.

Century Commons
153 Units
3515 Century Ave N
White Bear Lake, MN  55110
Type: Student

Kenwood Village, located in the Duluth Heights/Kenwood neighborhood of Duluth, MN, is a Class A apartment building with 14,000 square feet of first floor retail. The property received its certificate of occupancy in February 2017 and leased up with a high degree of interest from university employees, graduate students and people who recently sold their nearby homes in the Kenwood neighborhood. The strong performance of Kenwood Village can be attributed to its close proximity to the University of Minnesota - Duluth and the College of St Scholastica, superior amenities, access to public transit, nearby shopping and spectacular views.

The retail portion offers long-term leases by Amazon Proof retailers. Three of the four current tenants have signed 10-year leases including Caribou Coffee/Einstein Bagels, Crooked Pint, and Duluth Teachers Credit Union, making up 73% of the retail space. Runa Yoga and Experimac complete the list of current tenants and there is value-add potential in leasing up the remaining 1,082 square feet of vacant space. Other key retailers in this area include SuperOne Foods, Papa Murphys, Arby’s, UPS, Cost Cutters, Erbert’s & Gerbert’s and Walgreens.

Kenwood Village
83 Units
1515 Kenwood Avenue
Duluth, MN  55811
Type: Conventional
Closed: 12/14/2018
    Tours Starting September 12th:
    • Tuesdays 10:00am - 3:00pm
    • Wednesdays 10:00am - 3:00pm
    • Thursdays 10:00am - 3:00pm

    Riverwalk Townhomes and Flats, located in the historic North Loop Neighborhood of Minneapolis, offers brick and timber design with walkable access to light rail, five Fortune 500 headquarters, nightlife, sports venues and an impressive array of award-winning restaurants. The North Loop is the metro’s highest profile urban neighborhood and its multifamily properties consistently perform at 98% occupancy or better. This Riverwalk offering presents investors the rare opportunity to acquire an irreplaceable North Loop asset with tremendous upside potential through in-unit renovations.

    The asset features 40 townhouse style units and 56 flats. All units offer stacked washers/dryers, individual HVAC, exposed brick/timber and high ceilings. The property is offered free and clear of existing financing and bids will be accepted on Wednesday October 4th. Tours will be scheduled Tuesday, Wednesday and Thursday between the hours of 10:00am and 3:00pm, beginning Tuesday, September 12th.

Riverwalk Townhomes & Flats
96 Units
50 N 4th Ave
Minneapolis, MN  55401
Type: Conventional
Closed: 12/15/2017