Your search results

4200 1st Ave South

4200 1st Ave S Minneapolis / Minnesota

Property Details

Price:

Property Type Multifamily

Total Lot Size: .33

Year Built: 1961

Number of Units: 12

County: Hennepin

Description

Michel Commercial is pleased to present 4200 1st Avenue South, a 12-home community located in South Minneapolis, Minnesota. Built in 1961, the property offers investors the opportunity to acquire a well-maintained asset featuring surface parking, an efficient unit mix, and a highly desirable location within one of Minneapolis’ most established residential neighborhoods. 4200 1st Avenue South presents investors with a compelling opportunity to acquire a boutique multifamily asset in a supply-constrained Minneapolis submarket. The property’s desirable location, off-street parking, and strong neighborhood fundamentals support long-term renter demand. Investors may have the opportunity to further enhance property performance through strategic unit improvements and operational efficiencies while maintaining competitive positioning within the market.

Location

4200 1st Avenue South is located in the King Field neighborhood of South Minneapolis, a vibrant residential area known for its walkability, neighborhood character, and convenient access to urban amenities. Residents enjoy proximity to Nicollet Avenue’s dining and retail corridor, local parks, grocery stores, and everyday services. The property is just minutes from Uptown Minneapolis, Downtown Minneapolis, and the Minneapolis Chain of Lakes, providing abundant recreation and entertainment options. Convenient access to Interstate 35W, Highway 62, and major transit routes allows residents to easily commute throughout the Twin Cities metro.

Highlights

Strong Occupancy
4200 1st Avenue South is currently fully occupied, providing immediate and stable in-place income with no concessions. The property has demonstrated consistent leasing performance supported by strong renter demand within the highly desirable King Field neighborhood. Its established occupancy and
desirable location position the asset to benefit from continued rental demand and future revenue growth opportunities.

Connectivity to Employment and Recreation
4200 1st Avenue South offers convenient access to Minneapolis’ major employment centers, including Downtown Minneapolis, the Minneapolis Medical District, and numerous corporate headquarters throughout the Twin Cities. Residents also enjoy proximity to Bde Maka Ska, the Chain of Lakes, and a variety of neighborhood parks, trails, dining destinations, and entertainment options that contribute to the area’s strong quality of life.

Supply Constrained Submarket
4200 1st Avenue South is positioned within a highly sought-after South Minneapolis submarket characterized by limited new multifamily development and healthy occupancy fundamentals. Future deliveries remain modest while vacancy is projected to remain below market averages, supporting continued stability and long-term rent growth. These favorable
supply-demand dynamics position the property to benefit from sustained renter demand within one of Minneapolis’ most established urban neighborhoods.

Register

Reset Password

4200 1st Ave South