Rarely available opportunity to acquire a fully entitled site for 195 unit multi-family development in Minneapolis. Located in the Harrison neighborhood, in a qualified opportunity zone, this site has in-place income from short term tenants and comes with the entitlements secured by current ownership.
The median home value in Minneapolis, MN is $294,200. This is lower than the county median home value of $342,800. The national median home value is $338,100. The average price of homes sold in Minneapolis, MN is $294,200. Approximately 45.07% of Minneapolis homes are owned, compared to 48.7% rented, while 6.23% are vacant. Minneapolis real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Minneapolis real estate agent to arrange a tour today!
Minneapolis, Minnesota 55405 has a population of 425,091. Minneapolis 55405 is less family-centric than the surrounding county with 26.08% of the households containing married families with children. The county average for households married with children is 33.3%.
The median household income in Minneapolis, Minnesota 55405 is $70,099. The median household income for the surrounding county is $85,438 compared to the national median of $69,021. The median age of people living in Minneapolis 55405 is 32.7 years.
The average high temperature in July is 83.7 degrees, with an average low temperature in January of 7.1 degrees. The average rainfall is approximately 31.9 inches per year, with 52.4 inches of snow per year.