2007 Aldrich Ave S

For Sale

2007 Aldrich Ave S, Minneapolis, MN 55405

This Minneapolis property for sale is located at 2007 Aldrich Ave S. The current listed sale price for 2007 Aldrich Ave S is $1,700,000. 2007 Aldrich Ave S is situated on a lot that is 0.19 acre in size.

Contacts

Cody Smith

Kiser Group

Property Details

  • Property Type Multi-Family
  • Property Size 13,500 SF
  • Units 12
  • Lot Size 0.19 Acre
  • Year Built 1900
  • Date Updated Sep 2, 2026
Ideally situated in the heart of Lowry Hill East, Minneapolis, 2007 Aldrich Ave S offers the best of both worlds—easy access to the energy and amenities of Uptown while remaining tucked within a quiet, established residential neighborhood. The property is just minutes from Minneapolis’ renowned chain of lakes, including Lake Bde Maka Ska, Lake Harriet, and Lake of the Isles, providing residents with exceptional access to walking and biking trails, parks, beaches, and year-round outdoor recreation. The location also offers convenient access to major highways and interstates, making travel throughout Minneapolis and the greater Twin Cities metro quick and efficient. Nearby Uptown provides an exciting mix of restaurants, coffee shops, retail, entertainment, and nightlife, while the surrounding residential streets offer a more peaceful setting away from the bustle of the city. With its combination of lakeside recreation, vibrant urban amenities, transportation access, and quiet neighborhood character, 2007 Aldrich Ave S is exceptionally positioned to appeal to residents seeking both convenience and quality of life.2007 Aldrich Ave S presents a compelling multifamily investment opportunity in Minneapolis’ highly desirable Lowry Hill East neighborhood. The property features exceptionally large two-bedroom units, offering a differentiated unit mix in one of South Minneapolis’ most established and sought-after rental markets. The asset benefits from its proximity to Uptown, the Chain of Lakes, major highways and interstates, and a wide variety of dining, retail, entertainment, and recreational amenities. With a strong location, oversized floor plans, and potential for continued rental growth, 2007 Aldrich Ave S offers investors an attractive opportunity to acquire a well-positioned South Minneapolis multifamily asset.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • $133,745 trailing NOI 7.87% going-in cap rate
  • $134,556 Year 1 Pro Forma NOI 7.92% cap rate
  • 100% occupied with average in-place rents of approximately $1,457/unit
  • 12 spacious 2-bedroom units averaging approximately 1,000 SF
  • 9.33% Year 1 projected cash-on-cash return based on modeled financing
  • Large-format floor plans
  • Market rents of approximately $1,550/unit, providing potential for continued rental growth
  • New roof installed in 2023
  • Newer kitchen finishes
  • Newer mechanical systems

Getting around

  • 93/100

    Walk Score ®

  • 60/100

    Transit Score ®

  • 94/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Minneapolis, MN
  • Neighborhood Lowry Hill
  • Zip Code 55405
  • Market Minneapolis St Paul

Points of Interest

  • Bassett Creek Valley

    0.89 miles

  • Bryn Mawr

    1.06 miles

  • West 21st Street

    1.26 miles

  • Royalston

    1.34 miles

  • Warehouse District/Hennepin Avenue

    1.45 miles

  • Nicollet Mall

    1.46 miles

  • Government Plaza

    1.51 miles

  • Target Field - Platform 1

    1.53 miles

  • Target Field - Platform 2

    1.55 miles

  • Cedar-Riverside

    1.91 miles

  • Speedway

    0.12 miles

  • Holiday

    0.45 miles

  • Marathon

    0.74 miles

  • BP

    0.79 miles

  • Mobil

    1.23 miles

  • Shell

    1.49 miles

  • ChargePoint

    2.31 miles

  • Greenlots

    2.99 miles

  • Tesla Supercharger

    3.41 miles

  • Leaning Tower Parking Lot

    0.20 miles

  • Vineland Place Ramp

    0.41 miles

  • 110 Grant Apartments Visitor Parking

    0.69 miles

  • 110 Grant Apartments Resident Parking

    0.73 miles

  • Loring Parking Ramp

    0.75 miles

  • MCAD Parking Lot C

    0.85 miles

  • Marquette Parking Ramp

    0.99 miles

  • Minneapolis Impound Lot

    1.00 miles

  • 300 Clifton

    0.39 miles

  • Minneapolis International Hostel

    0.70 miles

  • Hyatt Regency Minneapolis

    0.81 miles

  • Millennium Hotel

    0.82 miles

  • DoubleTree Suites by Hilton Hotel Minneapolis

    0.97 miles

  • Hotel Ivy, a Luxury Collection Hotel, Minneapolis

    1.01 miles

  • Moxy Minneapolis Uptown

    1.01 miles

  • Holiday Inn Express Minneapolis Downtown Convention Center

    1.04 miles

  • Hilton Minneapolis

    1.06 miles

  • Hilton Garden Inn Minneapolis Downtown

    1.09 miles

  • Wedge Co-Op

    0.11 miles

  • Kowalski's Uptown Market

    0.46 miles

  • Oak Grove Grocery

    0.46 miles

  • ALDI

    0.49 miles

  • Evergreen Grocery & Deli

    0.56 miles

  • Hark's Food Market

    0.60 miles

  • Truong Thanh Grocery Store

    0.67 miles

  • Dai Loi Oriental Grocery, Inc.

    0.79 miles

  • Good Grocer

    0.79 miles

  • Shuang Hur Supermarket

    0.83 miles

Contact Listing Broker
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.