400 Marquette Ave | Minneapolis, MN 55401
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- LoopNet Team
400 Marquette Ave
Minneapolis, MN 55401
4Marq · Multifamily Property For Sale · 261 Units
Investment Highlights
- Historic basis advantage
- Average rents below pre-pandemic rent levels
- Opportunity to buy Type 1 construction when economically irreplaceable in today's market
PROPERTY FACTS
| No. Units | 261 | Building Size | 278,527 SF |
| Property Type | Multifamily | Average Occupancy | 96% |
| Property Subtype | Apartment | No. Stories | 30 |
| Apartment Style | High Rise | Year Built | 2015 |
| Building Class | A | Parking Ratio | 0.75/1,000 SF |
| Lot Size | 0.36 AC |
| No. Units | 261 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | High Rise |
| Building Class | A |
| Lot Size | 0.36 AC |
| Building Size | 278,527 SF |
| Average Occupancy | 96% |
| No. Stories | 30 |
| Year Built | 2015 |
| Parking Ratio | 0.75/1,000 SF |
Unit Amenities
- Air Conditioning
- Washer/Dryer
- Heating
- Kitchen
- Granite Countertops
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Wi-Fi
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Business Center
- Clubhouse
- Fitness Center
- Property Manager on Site
- Grill
- Media Center/Movie Theatre
- Elevator
- Lounge
- Pet Washing Station
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 43 | - | 419 - 579 |
| 1+1 | 174 | - | 705 - 1,000 |
| 2+2 | 41 | - | 1,105 |
| 3+2 | 2 | - | 1,617 |
| 3+3 | 1 | - | 1,564 |
PROPERTY TAXES
| Parcel Number | 22-029-24-44-0094 | Improvements Assessment | $58,812,700 |
| Land Assessment | $4,007,300 | Total Assessment | $62,820,000 |
PROPERTY TAXES
Parcel Number
22-029-24-44-0094
Land Assessment
$4,007,300
Improvements Assessment
$58,812,700
Total Assessment
$62,820,000
zoning
| Zoning Code | B4-2 (Downtown Business District) |
| B4-2 (Downtown Business District) |
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