Linden Hills Apartments 3102 W 44th St Immeuble residentiel 10 lots 1 467 916 € (146 792 €/Lot) Taux de capitalisation 5,67 % Minneapolis, MN 55410

RARE LINDEN HILLS OPPORTUNITY - BLOCKS FROM LAKE HARRIET
Linden Hills Apartments presents a rare acquisition opportunity in one of Minneapolis's most tightly held multifamily submarkets. This fully-occupied, 10-unit property sits in the heart of Linden Hills, just a short walk from Lake Harriet in a neighborhood where properties simply don't trade.
PROPERTY HIGHLIGHTS:
• 10 units (9 one-bedroom, 1 studio) | Built 1910 | Renovated 2020
• 100% occupied with strong tenant base
• Unique 4-plex to 10-unit conversion with exceptional character
• 25 years of meticulous ownership with $60,000 in recent capital improvements
• Half of units remodeled in past 5 years
• Complete boiler system overhaul (all major components replaced)
• ButterflyMX smart access system (video intercom, remote access control)
• Art deco details, period charm, bright hallways
• 5 surface parking spaces
FINANCIAL OVERVIEW:
• Asking Price: $1,700,000 ($170,000/unit)
• Current NOI: $96,425 | Pro Forma NOI: $125,296
• Current Cap Rate: 5.67% | Pro Forma Cap Rate: 7.37%
• Current rents 21% below market - clear value-add runway
• 30% NOI growth potential through rent repositioning & RUBS implementation
• No immediate capital investment required - turnkey operation
LOCATION:
Southwest Minneapolis's premier neighborhood with high-income demographics, exceptional walkability, and unmatched lifestyle amenities. Immediate access to Lake Harriet, boutique retail corridor at 43rd & Upton, and tree-lined residential streets. Limited multifamily inventory and virtually no ownership turnover create sustained demand and competitive insulation.
INVESTMENT THESIS:
Acquire an irreplaceable asset in a supply-constrained location where properties rarely trade. Capture near-term income growth through achievable rent adjustments while benefiting from long-term appreciation driven by location scarcity and high-income tenant base. Defensive, high-quality hold with meaningful upside and minimal execution risk.
This is not a commodity apartment investment—it's an opportunity to own one of a finite number of income-producing properties in Minneapolis's most enduringly desirable residential neighborhood.
Must RSVP to schedule a one time showing November 21st 2025