847-780-8063
1920 3rd Ave S, Minneapolis, MN for Sale
Apartments - FOR SALE
1/4
null | Request Cap Rate

1920 3rd Ave S
Minneapolis, MN 55404
Stevens Square


HIGHLIGHTS

  • Operating as a low-income housing tax credit property until 2038
  • 2008 and 2009 renovations included roof replacement, plumbing, windows, door hardware, and exterior tuck-pointing
  • Conveniently in downtown Minneapolis with direct access to both Interstate-94 and Interstate-35W
  • Located approximately 5.5 miles from The Minneapolis - Saint Paul International Airport

OVERVIEW

Receivership Sale: The Nokoma is a 19-unit apartment building located at 1920 3rd Ave S in downtown Minneapolis. The building was originally constructed in 1915 and sits on one (1) parcel of land totaling 0.22-acres. The building was renovated in 2008 and 2009 and is operated as a low-income housing tax credit property until 2038. The building totals 18,088 square feet, of which 11,356 square feet is rentable. There are six (6) 1 Bedroom apartments which average 466 square feet, 12 1 Bedroom apartments which average 640 square feet and one (1) garden unit bedroom which is 880 square feet. The Property also includes a parking garage.

FOR SALE DETAILS

PRICE

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# OF UNITS

19

CAP RATE

Request Cap Rate

% LEASED

99%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Nokoma

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1917

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,601 SF

ZONING

R1A

APN/PARCEL ID

27-029-24-43-0125

ASK ABOUT THIS PROPERTY

Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

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Matt TarshisFrontline Real Estate PartnersMore Info
847-780-8063

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.