2641 Hennepin Ave

2641 Hennepin Ave, Minneapolis, MN 55408

Property Information

  • For Sale $1,450,000
  • Property Type Multi-Family
  • Property Size 10,356 SF
  • Units 8
  • Lot Size 0.11 Acre
  • Building Class C
  • Year Built 1906
  • Date Updated Jul 7, 2026

Description

Positioned along the vibrant Hennepin Avenue corridor in the heart of Uptown, 2641 Hennepin Ave offers one of Minneapolis' most desirable locations for multifamily living. Residents enjoy immediate access to an exceptional mix of restaurants, coffee shops, breweries, boutique retail, and entertainment, while being just minutes from the Chain of Lakes, including Lake of the Isles, Bde Maka Ska, and Cedar Lake. The property also benefits from excellent public transit service and quick connectivity to Downtown Minneapolis, the North Loop, and major employment centers, making it highly attractive to young professionals and urban renters. With its walkable lifestyle, strong neighborhood amenities, and historically resilient rental demand, this premier Uptown location continues to be one of the Twin Cities' most sought-after multifamily investment submarkets, offering long-term stability and enduring tenant appeal.2641 Hennepin Ave presents an exceptional opportunity to acquire a well-located 8-unit apartment building along the highly desirable Hennepin Avenue corridor in the heart of Uptown Minneapolis. Positioned within one of the Twin Cities' most established and dynamic multifamily submarkets, the property offers investors a compelling combination of stable in-place income, long-term appreciation potential, and value-add upside in a neighborhood known for its enduring rental demand. The property's premier location attracts a diverse tenant base of young professionals, graduate students, and urban renters seeking a walkable lifestyle with immediate access to Uptown's vibrant dining, retail, and entertainment scene. Residents are just minutes from Lake of the Isles, Bde Maka Ska, Cedar Lake, and the Midtown Greenway, while also benefiting from convenient access to Downtown Minneapolis, major employment centers, and an extensive public transportation network. Supported by strong market fundamentals and a highly desirable urban location, 2641 Hennepin Ave provides investors with the opportunity to generate reliable cash flow while unlocking additional value through strategic rent growth and operational improvements. Whether acquired as a long-term hold or a value-add investment, this asset represents a rare opportunity to own a quality multifamily property in one of Minneapolis' most recognizable and consistently sought-after rental markets.

Highlights

  • 8-unit apartment building located along the prominent Hennepin Avenue corridor in Uptown Minneapolis.
  • Diverse tenant base driven by young professionals, graduate students, and long-term urban renters.
  • Excellent financing candidate supported by durable rental demand and a premier Uptown location.
  • Excellent transit connectivity with convenient access to Metro Transit, major roadways, and extensive bicycle infrastructure.
  • Highly walkable location near restaurants, coffee shops, breweries, grocery stores, boutique shopping, and neighborhood entertainment.
  • Long-term wealth preservation asset in one of the Twin Cities' most desirable multifamily investment corridors.
  • Minutes from Lake of the Isles, Bde Maka Ska, Cedar Lake, and the Midtown Greenway, providing exceptional recreational amenities.
  • Opportunity to increase Net Operating Income (NOI) through revenue optimization and active asset management.
  • Prime urban infill location with immediate access to Uptown, Downtown Minneapolis, and the Chain of Lakes.
  • Stable in-place cash flow with opportunities to increase rental income over time.
  • Strong historical occupancy supported by one of Minneapolis' most established rental submarkets.
  • Strong long-term appreciation potential in a supply-constrained, high-demand neighborhood.
  • Value-add investment opportunity through strategic rent growth and operational efficiencies.

Contacts

Location

Located at 2641 Hennepin Ave, Minneapolis, MN 55408, this property is part of the Uptown Minneapolis neighborhood and Minneapolis St Paul market.

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