Minneapolis Office

The property was built in 1962 and has a total of 30 units split between two adjacent buildings. The unit mix is primarily one bedrooms presenting a good opportunity for an affordable group, non-profit or service provider. In addition, there is a surface parking lot behind the buildings containing 32 parking stalls, a rare feature in the south Minneapolis rental market.

Located in the heart of the Lyn-Lake neighborhood of Minneapolis, the property offers direct access to the Midtown Greenway, and an eclectic mix of boutique shops, trendy eateries and bars, art galleries, and recreational assets including Lakes Bde Maka Ska and Isles. With a Walk Score of 94 and Bike Score of 97, residents have excellent walkability and connectivity to several recreational amenities in addition to being two miles from the downtown Minneapolis Central Business District.

Both buildings to be purchased together as one property.

OFFERING DETAILS

2912 & 2926 Harriet Ave S Apartments is being sold on an “as-is” basis.

The Property 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 properties, Cushman & Wakefield will schedule a “Call for Offers”.

Tours are now available. Please contact Robert Dulin or Erin Salway directly to set up a tour, which will be scheduled by appointment only.

Newly converted to apartments in 2019, R7 Lofts is a historic, turn-of-the-century building offering oversized one, two, and three- bedroom loft-style luxury units. Each apartment is equipped with SMART technology features, has central air conditioning, custom shades and blinds, a designer lighting package, full-sized washer and dryer, stainless steel appliances, and quartz countertops.

The property also features high-end community amenities including a business center, car wash, fitness center, pet wash, roof deck, rooftop lounge, among others.

R7 is located in the Lowertown/Art’s District of Downtown St. Paul. A vibrant artists' quarter with a Walk Score of 97, residents at R7 Lofts are within walking distance to Lunds & Byerlys, dozens of breweries, restaurants, and CHS field. In addition, the property is close to the Mississippi River, major freeways, public transportation, and both St. Paul and Minneapolis’ Central Business Districts.

R7 Lofts represents a prime opportunity to acquire brand new, high-end apartments at a steep discount to replacement cost.