Marcus & Millichap Brokers $2.05M Sale of 17-Unit Multifamily Property in Minneapolis

MINNEAPOLIS, Nov. 11, 2025 - Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced today the sale of Minnehaha Avenue Apartments, a 17-unit multifamily property in Minneapolis, Minnesota, for $2.05 million.

"This property stood out due to extensive renovations, long-term value and strong in-place cash flow," said Michael Jacobs, director investments. "We're seeing increased interest from new and out-of-market investors, reflecting broader confidence in the Minneapolis multifamily market."

Jacobs and Abe Roberts, investment specialists in Marcus & Millichap's Minneapolis office, had the exclusive listing to market the property on behalf of the seller, a local investor.

Located at 3720 Minnehaha Ave., the property includes a mix of one- and two-bedroom units across 12,465 rentable square feet. Built in 1963, it is situated on 0.28 acres in Minneapolis' Howe neighborhood with walking access to local dining, parks and public transit.

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About Marcus & Millichap, Inc. (NYSE: MMI)

Marcus & Millichap, Inc. is a leading brokerage firm specializing in commercial real estate investment sales, financing, research and advisory services with offices throughout the United States and Canada. As of December 31, 2024, the company had 1,712 investment sales and financing professionals in over 80 offices who provide investment brokerage and financing services to sellers and buyers of commercial real estate. The company also offers market research, consulting and advisory services to clients. Marcus & Millichap closed 7,836 transactions in 2024, with a sales volume of approximately $49.6 billion. For additional information, please visit https://www.MarcusMillichap.com.