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The James at MCAD 2413 1st Ave S 6 Unit Apartment Building For Sale Minneapolis, MN 55404
Investment Highlights
- 2022 construction, minimal deferred maintenance
- Large three-bedroom layouts maximize rental income
- In-unit laundry, private balconies, premium amenities | Walkable MCAD location supports consistent occupancy
- 6 units, 18 bedrooms, 15 bathrooms
- Luxury finishes: quartz, stainless, custom cabinetry
- Strong rental performance, flexible rental opportunity | Transit-oriented location near highways, public transportation
Executive Summary
The James at MCAD presents a rare opportunity to acquire a new-construction (2022) boutique multifamily asset in one of Minneapolis’ most dynamic rental corridors. The property consists of 6 large-format units totaling 18 bedrooms and 15 bathrooms, designed to maximize rental efficiency through a roommate-friendly layout.
Each unit features expansive 3-bedroom floor plans with 2 to 2.5 bathrooms, offering tenants modern, open-concept living spaces complemented by high-end finishes throughout. Interiors include quartz countertops, premium cabinetry, stainless steel appliances, in-unit laundry, and private balconies, creating a luxury rental experience rarely found at this scale.
Built with a focus on long-term durability and minimal maintenance, the asset provides investors with true turnkey ownership and stable cash flow potential. The property has demonstrated strong income performance, with rents supporting a minimum of $15,000+ per month, highlighting its appeal to both student housing and young professional renters.
Each unit features expansive 3-bedroom floor plans with 2 to 2.5 bathrooms, offering tenants modern, open-concept living spaces complemented by high-end finishes throughout. Interiors include quartz countertops, premium cabinetry, stainless steel appliances, in-unit laundry, and private balconies, creating a luxury rental experience rarely found at this scale.
Built with a focus on long-term durability and minimal maintenance, the asset provides investors with true turnkey ownership and stable cash flow potential. The property has demonstrated strong income performance, with rents supporting a minimum of $15,000+ per month, highlighting its appeal to both student housing and young professional renters.
Property Facts
| Sale Type | Investment | Building Class | B |
| No. Units | 6 | Lot Size | 0.13 AC |
| Property Type | Multifamily | Building Size | 7,530 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Low-Rise | Year Built | 2022 |
| Zoning | R4 - Residential | ||
| Sale Type | Investment |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.13 AC |
| Building Size | 7,530 SF |
| No. Stories | 3 |
| Year Built | 2022 |
| Zoning | R4 - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 3 | - | 1,100 |
| 3+2.5 | 3 | - | 1,235 |
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Exceptionally walkable
90/100
Very drivable
80/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 34-029-24-13-0009 | Improvements Assessment | $1,552,726 CAD |
| Land Assessment | $162,431 CAD | Total Assessment | $1,715,156 CAD |
Property Taxes
Parcel Number
34-029-24-13-0009
Land Assessment
$162,431 CAD
Improvements Assessment
$1,552,726 CAD
Total Assessment
$1,715,156 CAD
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The James at MCAD | 2413 1st Ave S
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