Marcus & Millichap Sells Minnehaha Avenue Apartments In Minneapolis For $2.05 Million

The sale involved a multifamily property located at 3720 Minnehaha Avenue in Minneapolis, MN. The 17-unit building sold for $2,050,000 and encompasses a total of 12,465 square feet. The property is situated on a 0.28-acre lot, with a price per unit of $120,588 and a price per square foot calculated at approximately $7,321,429.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,050,000
• Units: 17
• Square Footage: 12,465
• Price Per Unit: $120,588
• Price Per Square Foot: $7,321,429
• Address: 3720 Minnehaha Avenue
• Market: Minneapolis, MN

Michael Jacobs and Abe Roberts from Marcus & Millichap represented the seller, a local investor, in the transaction of the Minnehaha Avenue Apartments. The property is located in the Howe neighborhood of Minneapolis.