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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
Closed: 1/30/2023
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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Charles Street Manor Apartments
36 Units
101, 179, 180 Charles Street NE
Fridley, MN  55432
Type: Conventional
Closed: 1/9/2023
Cushman & Wakefield is pleased to present for sale, 3412 Bloomington Ave Apartments, an 18-unit Multifamily property in Minneapolis.

Centrally located in the heart of South Minneapolis, just off of Interstate 35W and steps from the recently renovated Powderhorn Park, the property’s prime position gives residents easy access to everything. The property is located minutes from downtown Minneapolis, Uptown, Lyn-Lake, Eat Street, Lake Harriet, Lake Calhoun , Midtown, and Lake Nokomis. The property is also steps from locally acclaimed restaurants including Matt’s Bar and Grill, Chatterbox Pub, and Reverie Café + Bar.

The property has been professionally managed and meticulously maintained over their years of ownership. The in-place average rents are $870 (1-bed) and $1,030 (2-bed) which are both significantly below market and prime for a light, in-unit renovation plan. The asset is offered free and clear of existing financing.

Please contact Robert Dulin directly to set up a tour, which will be scheduled by appointment only.
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3412 Bloomington Ave Apartments
18 Units
3412 Bloomington Avenue
Minneapolis, MN  55407
Type: Conventional
Closed: 7/13/2022
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.
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MN46 Apartments
54 Units
4561 Minnehaha Ave
Minneapolis, MN  55406
Type: Conventional
Closed: 6/3/2022
Cushman & Wakefield is pleased to present for sale, Sawyer & Huck, a 49-unit luxury Multifamily development in the St. Anthony West area of the trendy Northeast Minneapolis Neighborhood.

Recently completed in June 2021, Sawyer & Huck offers residents access to a best-in-class amenity package and high-end finishes throughout the property. The property opened at 50% pre-leased and currently sits at 100% occupied, which is a true testament to the unrivaled design and location of the asset.

Located on a quaint street in St. Anthony West/Northeast Minneapolis, Sawyer & Huck offers direct access to an eclectic mix of hip bars and eateries, breweries, and coffee shops as well as recreational amenities at the Mississippi riverfront and Boom Island with close proximity to Target Field, Target Center, U.S. Bank Stadium, the Theater District, and the Central Business District.

Sawyer & Huck is a unique opportunity to acquire a newly constructed, best-in-class Multifamily asset in a desirable community whose construction quality and level of finishes will stand the test of time.

In addition to the stabilized asset, an investor has the opportunity to purchase the fully-entitled, 84-unit multifamily development site adjacent to Sawyer & Huck. The 27,439-square-foot site is located on two adjacent parcels directly next door to Sawyer & Huck. The fully-approved project is primed and ready to begin construction in March 2022 with a delivery in Spring 2023. Please see the Offering Memorandum Supplement for details.

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Sawyer & Huck
49 Units
338 NE 2nd Street
Minneapolis, MN  55413
Closed: 4/22/2022
Cushman & Wakefield is pleased to present for sale, 2008 Bryant Ave S Apartments, a newly constructed, 10-unit Multifamily development in the Lowry Hill neighborhood of Minneapolis.

Completed in 2017, 2008 Bryant features a variety of expansive floor plans with contemporary design elements and designer finishes. The property offers thoughtfully designed two-bedroom apartments all featuring bright, airy living spaces, high ceilings, stylish finishes, designer flooring, and open kitchens.

Located in the heart of the Lowry Hill neighborhood of Minneapolis, 2008 Bryant Ave S Apartments offer direct access to the Hennepin/Franklin corridor, and an eclectic mix of boutique shops, trendy eateries and bars, art galleries, and recreational assets in the neighborhood include Lakes Bde Maka Ska and Isles.

2008 Bryant Ave S Apartments are a unique opportunity to acquire a newly constructed, best-in-class Multifamily asset in a desirable community.
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2008 Bryant Ave S Apartments
10 Units
2008 Bryant Ave S
Minneapolis, MN  55405
Type: Conventional
Closed: 8/13/2021
Cushman & Wakefield is pleased to present for sale, The Whit, a 74-unit Multifamily community in the charming Whittier neighborhood of Minneapolis.

Newly constructed in 2018, The Whit features expansive floor plans with designer finishes as well as state-of-the-art amenities including a fitness center, enclosed heated parking garage, and rooftop community garden and dining deck offering expansive views of the city.

Located at the center of one of Minneapolis’s most diverse and dynamic areas, The Whit is just a few short blocks from ‘Eat Street,’ encompassing dozens of eateries, bars, and shops as well as the Minneapolis Institute of Art, and the Midtown Greenway. The property is located 1-mile South of Downtown Minneapolis CBD and all the city has to offer.

The Whit is a unique opportunity to acquire a newly constructed, best-in-class Multifamily asset in a desirable community.
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The Whit
74 Units
2201 Blaisdell Avenue
Minneapolis, MN  55404
Type: Conventional
Closed: 11/19/2020
Cushman & Wakefield is pleased to present for sale, Boutique 28, a 42-unit luxury Multifamily development in the Uptown neighborhood of Minneapolis.

Completed in 2016, Boutique 28 offers residents access to a best-in-class amenity package and high-end finishes throughout the property. The property boasts large, thoughtfully designed floorplans that include 12 walk-up/penthouse townhome units with private patios and rooftops. The units offer condo-quality interior finishes such as stainless steel appliances, quartz countertops, walnut hardwood floors, and in-unit washer/dryers.

Adding to the uniqueness of the offering, Boutique 28 offers the potential future exit strategy of converting to and selling individual units as condominiums in a market that has limited new home supply.

Located in the heart of Uptown Minneapolis, Boutique 28 offers direct access to the Midtown Greenway, Metro Transit Station, and an eclectic mix of boutique shops, trendy eateries and bars, art galleries, and recreational assets in the neighborhood include Lake of the Isles and Bde Maka Ska.

Boutique 28 is a unique opportunity to acquire a newly constructed, best-in-class Multifamily asset in a desirable community whose construction quality and level of finishes will stand the test of time.
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Boutique 28
42 Units
2817 Girard Ave S
Minneapolis, MN  55408
Closed: 7/1/2020
Cushman & Wakefield is pleased to present for sale the FreightYard Townhomes & Flats, located in the historic North Loop Neighborhood of Minneapolis. FreightYard offers 96 units with a brick and timber design and walkable access to the 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. FreightYard presents investors the rare opportunity to acquire an irreplaceable North Loop asset with historic charm and luxury amenities.

FreightYard Townhomes and Flats 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 tours begin the week of June 4th. Please contact Lance Steiger directly to set up a tour, which will be scheduled by appointment only.
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FreightYard Townhomes & Flats
96 Units
50 North 4th Avenue
Minneapolis, MN  55401
Closed: 9/6/2019
Cushman & Wakefield is pleased to present for sale Nicollet Apartments, a 29-unit value-add opportunity in the vibrant neighborhood of Kingfield in Southwest Minneapolis.

The property is located just off I-35W on the bustling street of Nicollet Avenue. Nicollet Apartments’ prime location gives residents easy access to everything. The property is located minutes from Downtown, Uptown, Lake Harriet, Lake Calhoun, Midtown, and Lake Nokomis. Located in the thriving Kingfield neighborhood, the property is steps from locally acclaimed restaurants including Grand Café, Victor’s 1959 Café, Blackbird Café, Patisserie 46, Revival, Tap Society, and the Kingfield Farmers Market.

Nicollet Apartments is a true value-add opportunity with legitimate immediate upside. The unit-mix is predominantly three-bedrooms with large open floor plans and vinyl plank flooring in select units. The average in-place rent is currently 20% below comparable properties in the sub-market, allowing opportunistic investors the ability to capture their desired returns through implementing a “light” in-unit and common area renovation plan.

Nicollet Apartments is offered free and clear of existing financing and tours will begin the week of April 29th. Please contact Robert Dulin directly to set up a tour, which will be scheduled by appointment only.
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Nicollet Apartments
29 Units
4429 Nicollet Ave S
Minneapolis, MN  55419
Type: Conventional
Closed: 8/2/2019
Cushman & Wakefield is pleased to present for sale the Richfield Apartment Portfolio, a 3 Building, 40-unit value-add opportunity in the vibrant 494 Corridor of western Richfield, MN. Long-term ownership has maintained the buildings with care and now offers investors the opportunity to acquire the portfolio or individual assets.

The properties are located near the Best Buy Headquarters with the addresses 7421 Penn Ave S, 7412 Oliver Ave S, and 7428 Lyndale Ave S and contain 11, 11, and 18 units respectively. The apartments’ prime location gives residents easy access to public transit, interstate 494, Southtown Shopping Center, Target, Hobby Lobby, and many dining options.

Ideally located in Richfield’s 494 corridor, just off Interstate 35W, the Richfield Apartment Portfolio is a true value-add opportunity with legitimate immediate upside. The unit-mix is predominantly one-bedrooms with large floor plans. The average in-place rent is currently 5-12% below comparable properties in the sub-market, and renovated units nearby are achieving 20% rent premiums. This allows opportunistic investors the ability to capture their desired returns through implementing a “light” in-unit and common area renovation plan.

The Richfield Apartment Portfolio is offered free and clear of existing financing and tours will begin the week of May 1st. Please contact Lance Steiger directly to set up a tour, which will be scheduled by appointment only.
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Richfield Portfolio (2 properties, 40 units)
Lyndale
18 Units
7428 Lyndale Ave S
Richfield, MN  55423
Closed: 7/10/2019
Cushman & Wakefield is pleased to present for sale the Richfield Apartment Portfolio, a 3 Building, 40-unit value-add opportunity in the vibrant 494 Corridor of western Richfield, MN. Long-term ownership has maintained the buildings with care and now offers investors the opportunity to acquire the portfolio or individual assets.

The properties are located near the Best Buy Headquarters with the addresses 7421 Penn Ave S, 7412 Oliver Ave S, and 7428 Lyndale Ave S and contain 11, 11, and 18 units respectively. The apartments’ prime location gives residents easy access to public transit, interstate 494, Southtown Shopping Center, Target, Hobby Lobby, and many dining options.

Ideally located in Richfield’s 494 corridor, just off Interstate 35W, the Richfield Apartment Portfolio is a true value-add opportunity with legitimate immediate upside. The unit-mix is predominantly one-bedrooms with large floor plans. The average in-place rent is currently 5-12% below comparable properties in the sub-market, and renovated units nearby are achieving 20% rent premiums. This allows opportunistic investors the ability to capture their desired returns through implementing a “light” in-unit and common area renovation plan.

The Richfield Apartment Portfolio is offered free and clear of existing financing and tours will begin the week of May 1st. Please contact Lance Steiger directly to set up a tour, which will be scheduled by appointment only.
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Richfield Portfolio (2 properties, 40 units)
Penn & Oliver
22 Units
7421 Penn Ave S & 7412 Oliver Ave S
Richfield, MN  55423
Closed: 7/10/2019