Irving Properties Acquires 23-Unit Santiago Apartments From MBR Investments For $2.6M In Minneapolis

The 516 Southeast University Avenue property in Minneapolis, MN, features 23 multifamily units and has been sold for a transaction amount of $2,600,000, resulting in a price per unit of $113,043.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,600,000
• Units: 23
• Buyer: Irving Properties
• Seller: MBR Investments
• Brokers: Abe Roberts & Michael Jacobs - Marcus & Millichap

Abe Roberts and Michael Jacobs of Marcus & Millichap represented MBR Investments in the sale, successfully procuring the buyer, an entity related to Irving Properties.