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Ellipse and E2 2 Multifamily Properties in Multiple Locations
Investment Highlights
- Core Plus Opportunity
- Dynamic Job Accessibility
- Strong In-place Retail
- Premiere Suburban Location
- Capital Improvements
Executive Summary
CBRE, Inc., as exclusive advisor, is pleased to present to qualified investors, Ellipse/e2, a 190-unit + 15,753 sf retail core plus investment opportunity. Located in St. Louis Park, a high growth, first-ring Minneapolis suburb, the property was built in two phases, 2010 and 2014. Current ownership completed both unit renovations (Ellipse) and common area renovations in 2019. The property is experiencing strong operational trends with average renewal rate increases of 4.83% in May and 5.75% in June of 2026.
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 215,107 SF |
| Number of Properties | 2 | Total Land Area | 2.94 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 215,107 SF |
| Total Land Area | 2.94 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 3924 Excelsior Blvd, Minneapolis, MN 55416 | Multifamily | 94,057 SF | 2012 | - |
|
Ellipse on Excelsior
3920 Excelsior Blvd, Saint Louis Park, MN 55416 |
Multifamily | 121,050 SF | 2009 | - |
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Ellipse and E2
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