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St. George Apartments 137 E 17th St

35 Unit Apartment Building $4,572,233 CAD ($130,635 CAD/Unit) Minneapolis, MN 55403

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Investment Highlights

Extensively renovated units including kitchens and bathrooms provide low maintenance costs moving forward.
Tenant paid electric baseboard heat reduces landlord utility charges—leading to an increase in NOI.
Studio units are larger than market comps.

Major systems including electric have been fully updated.
4D program allows opportunity to restrict units at 60% AMI for 10 years for tax reduction.

Offering Memorandum

Property Facts

Price	$4,572,233 CAD	Building Class	C
Price Per Unit	$130,635 CAD	Lot Size	0.96 AC
Sale Type	Investment	Building Size	21,706 SF
No. Units	35	Average Occupancy	94%
Property Type	Multifamily	No. Stories	4
Property Subtype	Apartment	Year Built/Renovated	1918/2013
Apartment Style	Mid Rise

Price	$4,572,233 CAD
Price Per Unit	$130,635 CAD
Sale Type	Investment
No. Units	35
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Mid Rise
Building Class	C
Lot Size	0.96 AC
Building Size	21,706 SF
Average Occupancy	94%
No. Stories	4
Year Built/Renovated	1918/2013

Unit Amenities

Cable Ready
Dishwasher
Heating

Security System
Ceiling Fans
Eat-in Kitchen

High Speed Internet Access
Range
Tub/Shower

Dining Room
Window Coverings

Site Amenities

Controlled Access

Laundry Facilities

Storage Space

Sundeck

Unit Mix Information

Description	No. Units	Avg. Rent/Mo	SF
Studios	31	-	400 - 650
1+1	4	-	750

1 of 1

aerial
map

137 E 17th St, Minneapolis, MN - aerial map view - Image1

137 E 17th St, Minneapolis, MN - aerial map view - Image2

137 E 17th St, Minneapolis, MN - aerial map view - Image3

Walk Score ®

Very Walkable (89)

Transit Score ®

Excellent Transit (73)

Bike Score ®

Biker's Paradise (96)

What is a Walk Score®, Transit Score® & Bike Score®?

Walk Score® measures the walkability of any address.

Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

What is a Walk Score®

, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	27-029-24-43-0077	Improvements Assessment	$4,807,075 CAD
Land Assessment	$270,029 CAD	Total Assessment	$5,077,104 CAD

PROPERTY TAXES

Parcel Number

27-029-24-43-0077

Land Assessment

$270,029 CAD

Improvements Assessment

$4,807,075 CAD

Total Assessment

$5,077,104 CAD

zoning

Zoning Code	OR3 (BFI3 / Interior 3 Built Form Overlay District OR3 / Institutional Office Residence District)
OR3 (BFI3 / Interior 3 Built Form Overlay District OR3 / Institutional Office Residence District)