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Cushman & Wakefield is pleased to present for sale, 1220 Sylvan Street Apartments, a 17-unit Multifamily asset located in the North of Maryland/North End neighborhood of St. Paul, Minnesota’s state capital.

The property is located just off Interstate 35E and minutes from Como Park, home to the Como Zoo and Conservatory, with convenient access to both Downtown St. Paul (2.5 miles) and Downtown Minneapolis (11 miles).

The property is currently 100% occupied, sees low turnover, has strong, consistent cash flow, and provides a lucrative value-add opportunity for the next investor to complete a light unit-interior renovation and other common area/exterior renovations.

1220 Sylvan Street is available on an “as-is” basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a “Call for Offers”.

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1220 Sylvan Street Apartments
17 Units
1220 Sylvan Street
St. Paul, MN  55117
Type: Conventional
Cushman & Wakefield is pleased to present for sale, Charles Street Manor, a 36-unit value-add opportunity in the “first ring” suburb of Fridley Minnesota. The property consists of (3) 12-unit properties located directly adjacent to each other at 101, 179 & 180 Charles Street NE.

The properties are situated just North of 694 on the corner of East River Road and Charles Avenue. The location is just east of the Mississippi River and steps from Chase island that includes numerous walking trails and picturesque views of the River. The property is also located just 10-minutes north of downtown Minneapolis and its proximity to both interstate 694/Interstate 94 allows quick access to anywhere in the metro.

Charles Street Manor has been significantly upgraded over the last 18 months with 18 of the 36 units being renovated with granite countertops, new cabinets, appliances, bathrooms and LVT flooring throughout. The asset is offered free and clear of existing financing. Tours are now being scheduled. Please contact Robert Dulin directly to set up a tour, which will be scheduled by appointment only.
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Under Contract
Charles Street Manor Apartments
36 Units
101, 179, 180 Charles Street NE
Fridley, MN  55432
Type: Conventional
Cushman & Wakefield is pleased to present for sale, Modi Apartments, a 75-unit luxury Multifamily asset in the charming Whittier neighborhood of Minneapolis.

Completed in 2018, Modi Apartments feature a variety of floor plans with meticulously designed interiors and an aesthetic both modern & timeless. The property features bright, airy living spaces, high ceilings, stylish finishes, designer flooring, and open kitchens. The property boasts a strong occupancy rate (96%) and is perfectly positioned for significant rent growth as the resurgence in the city of Minneapolis continues to expand.

Located in the middle of the Lowry Hill and Whittier neighborhoods of Minneapolis, Modi Apartments offer direct access to the Hennepin/Lyndale & Hennepin/Franklin corridors, and an eclectic mix of boutique shops, trendy eateries and bars, art galleries, and recreational assets in the neighborhood including Lakes Bde Maka Ska and Isles.

Modi Apartments are a unique opportunity to acquire a newly constructed, best-in-class Multifamily asset in a desirable community for well below replacement costs.

In addition to Modi, two adjacent parcels are available for sale including Mortimer's Restaurant & Bar, located next door to Modi, and a billboard site and duplex apartment complex located on Franklin Ave. See Supplemental OM for details.

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Modi Apartments
75 Units
2015 Lyndale Ave S
Minneapolis, MN  55405
Type: Conventional
Cushman & Wakefield is pleased to present for sale, Park 708 Apartments, a 12-unit Multifamily asset in the eclectic and diverse neighborhood of Cedar-Riverside in Minneapolis.

Tucked between downtown and the Mississippi River, the Cedar-Riverside neighborhood is a highly walkable area that boasts a vibrant artist community, dozens of live performances and musical venues, as well as many restaurants, cafés, and bars. The neighborhood is part of the University community and is dominated by the West Bank campus of the University of Minnesota's Minneapolis campus in addition to the M Health Masonic Children's Hospital and the entire M Health Fairview University of Minnesota Medical Center - West Bank system. The property is also near Augsburg College with easy access to I-94 and I-35W.

The property currently boasts 100% occupancy and provides a lucrative value-add opportunity for the next investor by completing in-unit renovations and raising rents 15-20% to be more in line with comparable properties in the desirable South Minneapolis area for well below replacement costs.

Park 708 is available on an “as-is” basis and is being offered without a formal asking price. Upon receipt of a signed Confidentiality Agreement, investors will be provided with access to due diligence materials via The Multifamily System website. Once investors have had an opportunity to review the offering materials and tour the property, Cushman & Wakefield will schedule a “Call for Offers”.

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Under Contract
Park 708
12 Units
708 27th Avenue S
Minneapolis, MN  55454
Type: Conventional