HERE Minneapolis — Sale in Minneapolis, MN

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Minneapolis, MN 55414
  • Size: 195 SF
  • Year built: 2020

Photos

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Description

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present HERE Minneapolis ("HERE" or the "Property"), a 169-unit, 195-bed property in Minneapolis' Prospect Park neighborhood adjacent to University of Minnesota's main campus with direct transit access via UM Transitway and Metro Green Line. MARKET STRENGTHS • Twin Cities ranks #1 nationally for rental demand (RentCafe) • Zero new supply in submarket; MSA-wide supply at decade low • 2026 deliveries projected at 3,000 units (69% below peak) • Minnesota ranked #5 nationally in net migration (2025) UNIVERSITY DYNAMICS • UMN is 5th largest campus by enrollment nationally • Enrollment grew 5.5% (2023-2025), with 10% first-year increase in 2024 • 40,000+ full-time students vs. only 24,000 purpose-built beds • No future student housing supply pipeline

Market Context

This multifamily in Minneapolis, MN is listed for sale across 195 SF. The building dates to 2020. Compare it against other multifamily listings for sale in Minneapolis, MN — view the full market.

As of Q1 2026, the Minneapolis multifamily market showed a 6.1% vacancy rate, and average asking rents near $1557.00/unit/mo. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

Is the Minneapolis multifamily market tightening or softening?
Vacancy is around 6.1% (Q1 2026).

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