, Minneapolis, MN 55429 (MLS# 7081408)

General Property Information

Lot Measurement: Acres
Multiple PIDs?: Yes
Other Parking Spaces: 42
Owner Occupied: No
Waterfront YN: No
Year Built: 2022
Yearly/Seasonal: Yearly
Zoning: Other
Foundation Size: 1175
Power Company: Xcel Energy
For Sale or Lease: For Sale
Acres: 1.51
Assessment Pending: No
Lot Dimensions: No
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Central Air Amenities Shared: In-Ground Sprinkler System; Patio Amenities Unit: Kitchen Center Island; Porch; Primary Bedroom Walk-In Closet; Tile Floors; Walk-In Closet; Washer/Dryer Hookup Appliances: Chandelier; Dishwasher; Disposal; Dryer; Range; Refrigerator; Washer Basement: Egress Windows; Full; Single Tenant Access; Sump Pump; Tile Shower CMU Style: Low Rise Construction Status: Completed New Construction Current Use: Residential Exterior: Cement Board Fencing: Privacy Flooring: Luxury Vinyl Plank Foundation: Poured Concrete Fuel: Natural Gas Heating: Forced Air Loan Terms: Cash; Conventional Location Description: Other/See Remarks Lot Description: Cleared; Corner Lot; Infill Lot; Public Transit (w/in 6 blks) On Site Utilities: Electric Separate; Heating Separate; Hot Water Separate Parking Characteristics: Paved Lot; Uncovered/Open Pool Description: None Road Frontage: Private Road Road Responsibility: Association Maintained Road Roof: Age 8 Years or Less; Asphalt Shingles Sewer: City Sewer/Connected Stories: Three Or More Topography: Level Wall Description: Drywall; Finished Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 2690000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55429
Complex/Dev/Subdivision: Wangstads Brooklyn Terrace

Additional Parcels Information

Property ID #2: 0311821120098
Property ID #3: 0311821120015,0311821120016

Assessments

Tax With Assessments: 34338
Assessment Balance: 0

More Information

Building Information

Building Finished SqFt: 7050
Building SqFt: 7050
Ceiling Height: 8-10

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 21
Section#: 03
Township#: 118

Sale Options

Sale Includes: Building, Land

Unit 1

Unit Number: Yes
Leased?: No

Unit 3

No. of 3 Bedroom Units: 6

Unit Details

Total Units: 7

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 004 BLOCK 005 WANGSTADS BROOKLYN TERRACE THAT PART OF LOT 4 LYING N OF A LINE DRAWN PAR WITH AND 138 FT N OF AS MEAS AT RT ANGLES TO THE S LINE OF LOT 4 EX STATE HWY
Listing City: Brooklyn Center
Map Page: 92
Municipality: Brooklyn Center
School District: Robbinsdale
School District Phone: 763-504-8000
Zip Plus 4: 3160
Property ID Number: 0311821120087
Tax Year: 2026
Tax Amount: 34338
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: Not disclosed

Directions & Remarks

Public Remarks: Introducing a rare, low-risk multifamily development opportunity featuring two newly constructed triplexes alongside five additional fully entitled triplexes ready for immediate vertical construction. This offering presents a unique chance for investors and developers to acquire a substantially de-risked infill project with completed infrastructure, approved entitlements, and comprehensive construction documentation already in place. The property currently includes two completed triplex buildings that are newly constructed and positioned for immediate occupancy or lease-up. These completed units provide near-term income potential while also showcasing the quality, design standards, and functionality approved for the broader development. The existing improvements allow buyers to generate cash flow while simultaneously advancing the remaining phases of construction. In addition to the completed buildings, the project includes full entitlements for five additional triplexes, significantly reducing both development timelines and entitlement-related uncertainty. All discretionary approvals have already been secured, eliminating one of the most time-consuming and unpredictable components of the development process. Buyers can move forward with confidence knowing the project has already achieved municipal approvals and is positioned for efficient execution. The site has also undergone substantial horizontal development work, with all major infrastructure improvements completed. Roads, utilities, grading, drainage systems, and supporting site work are already in place, creating a true shovel-ready opportunity. By avoiding the delays and capital requirements often associated with early-stage infrastructure work, investors can focus directly on vertical construction and project delivery. To further streamline execution, the seller will provide comprehensive architectural and engineering plan sets, including architectural drawings, civil engineering plans, and all supporting documentation associated with the approved development. This allows for a seamless transition to a new owner and provides the ability to accelerate building permit applications and construction commencement timelines. The combination of completed product, fully approved expansion capacity, and finished site infrastructure creates a highly attractive investment profile with substantially reduced pre-development risk. Unlike many multifamily development opportunities that require years of planning, entitlement processing, and infrastructure coordination, this project is positioned for immediate continuation and rapid delivery of additional units to market. The property is ideally suited for investors, developers, or owner-operators seeking a near-turnkey multifamily development opportunity in a strong and growing market. With immediate income potential from the completed triplexes and a clearly defined path to expansion, the project offers both short-term operational upside and long-term value creation. The ability to quickly move into vertical construction on the remaining buildings provides a significant competitive advantage in today’s market environment, where entitlement delays and rising construction costs continue to impact project timelines. This offering represents an exceptional opportunity to acquire a thoughtfully planned and substantially completed multifamily development with minimal entitlement risk, reduced execution uncertainty, and the infrastructure necessary to support efficient project completion.
Directions: Brooklyn Blvd

Accessible

None: Yes

Air Conditioning

Central Air: Yes

Amenities Shared

In-Ground Sprinkler System: Yes
Patio: Yes

Amenities Unit

Kitchen Center Island: Yes
Porch: Yes
Primary Bedroom Walk-In Closet: Yes
Tile Floors: Yes
Walk-In Closet: Yes
Washer/Dryer Hookup: Yes

Appliances

Chandelier: Yes
Dishwasher: Yes
Disposal: Yes
Dryer: Yes
Range: Yes
Refrigerator: Yes
Washer: Yes

Basement

Egress Windows: Yes
Full: Yes
Single Tenant Access: Yes
Sump Pump: Yes
Tile Shower: Yes

Construction Status

Completed New Construction: Yes

Exterior

Cement Board: Yes

Fencing

Privacy: Yes

Flooring

Luxury Vinyl Plank: Yes

Foundation

Poured Concrete: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Lot Description

Cleared: Yes
Corner Lot: Yes
Infill Lot: Yes
Public Transit (w/in 6 blks): Yes

Parking Characteristics

Paved Lot: Yes
Uncovered/Open: Yes

Pool Description

None: Yes

Road Frontage

Private Road: Yes

Road Responsibility

Association Maintained Road: Yes

Roof

Age 8 Years or Less: Yes
Asphalt Shingles: Yes

Sewer

City Sewer/Connected: Yes

Stories

Three Or More: Yes

Topography

Level: Yes

Wall Description

Drywall: Yes
Finished: Yes

Water

City Water/Connected: Yes

No. of Ranges

Six or More: Yes

No. of Refrigerators

Six or More: Yes

On Site Utilities

Electric Separate: Yes
Heating Separate: Yes
Hot Water Separate: Yes

CMU Style

Low Rise: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes

Location Description

Other/See Remarks: Yes