Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Documents

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I accept the confidentiality agreement

You'll need to sign a Confidentiality Agreement (CA) to access exclusive documents in the Deal Room. Signing the CA means you agree not to divulge or release sensitive information related to this property. More questions? Visit our FAQ.

Attributes

Building Area
Number of units 40

Property Description

JONES LANG LASALLE (JLL), as exclusive advisor, is pleased to offer for sale - Pekin & Peoria - a unique 40-unit legacy, brownstone property that offers immediate scale in the dynamic and popular neighborhood of Uptown, Minneapolis.


The Offering presents the extraordinary opportunity to acquire several assets in a condensed, high-barrier-to-entry market, where trades of classic, brownstone properties are few and far between. Professionally managed by industry experts for over 20+ years, the properties have been well-maintained, with several improvements and capital expenditures utilized to preserve the historic charm and attractiveness to tenants. With significant rental upside through strategic in-unit renovations and historically low-financing available, an investor can make a significant entry into the Uptown market or add management efficiencies to an already existing portfolio.

Investment Highlights

Value Add Potential

Due to the thorough upkeep of the common areas, a new owner can immediatley renovate the units for a prompt increase in rents.


Maximize Returns

Attractive going-in basis well below today's high replacement costs with the ability to place historically low financing to maximize cash-on-cash returns.


Dynamic Location

Supply constrained Uptown neighborhood.

Last Updated Date: 15 Sep 2020
Jacob Frishman
Jacob Frishman
Associate
Dan Linnell
Dan Linnell
Senior Director, Capital Markets

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Last Updated Date: 15 Sep 2020

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