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Park & Franklin Lofts 1935 Park Ave 43 Unit Apartment Building $10,079,457 CAD ($234,406 CAD/Unit) Minneapolis, MN 55404

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Investment Highlights

Recently constructed multifamily asset offering modern build quality and reliable income in an evolving urban district.
Located in the Ventura Village submarket with direct access to major transportation options including the Light Rail Blue Line, and bike routes.
Features a mix of contemporary studio layouts and larger three-bedroom residences designed to appeal to diverse tenant profiles.

Stable 95% occupancy trending to fully occupied by Q4
Positioned near major employment and educational anchors such as Abbott Northwestern Hospital, Allina Health, Children’s Hospital, St. Mary’s Universi
Offers investors a balance of immediate cash flow with long-term upside driven by Minneapolis’s growth and revitalization trends.

Executive Summary

GJG Commercial-Real Broker presents Park & Franklin Lofts. An exceptional investment opportunity in south Minneapolis' emerging Ventura Village submarket. The newer built property offers the new owner a combination of modern construction quality, stable cash flow, and substantial value-add potential in a rapidly developing urban corridor. With excellent transit connectivity via the Light Rail Blue Line, bike paths, and the bus line, it has proximity to all the area demand drivers of major employment centers. Most notably Abbott Northwestern Hospital, Allina Health, Children’s Hospital, including St. Mary’s University and Minneapolis College Art & Design. The Asset is strategically positioned to capitalize on Minneapolis' continued growth and urban revitalization trends including the new street system along Franklin Avenue which is expected to be completed by 2027.
This prime property offers diverse unit configurations from contemporary studios to spacious three-bedroom residences. Strategically positioned in a high-demand submarket, the property capitalizes on Minneapolis's dynamic urban growth. Park & Franklin Lofts combines immediate return potential with long-term value enhancement opportunities, making it an exceptional gateway to one of the region's most promising real estate markets and an attractive addition to any investment portfolio.

Property Facts

Price	$10,079,457 CAD	Lot Size	0.36 AC
Price Per Unit	$234,406 CAD	Building Size	34,892 SF
Sale Type	Investment	Average Occupancy	95%
No. Units	43	No. Stories	4
Property Type	Multifamily	Year Built	2021
Property Subtype	Apartment	Parking Ratio	0.57/1,000 SF
Apartment Style	Mid-Rise	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Building Class	A
Zoning	R6

Price	$10,079,457 CAD
Price Per Unit	$234,406 CAD
Sale Type	Investment
No. Units	43
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid-Rise
Building Class	A
Lot Size	0.36 AC
Building Size	34,892 SF
Average Occupancy	95%
No. Stories	4
Year Built	2021
Parking Ratio	0.57/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R6