2007 Aldrich Ave S

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Address: 2007 Aldrich Ave S, Minneapolis, MN 55405, USA
Chicago & Midwest + Apartment Buildings
Created date: September 1, 2026
Date last updated: October 16, 2026
Price: $1,700,000Investment Analyzer NEW!
  • 12 spacious 2-bedroom units averaging approximately 1,000 SF
  • Large-format floor plans
  • Newer kitchen finishes
  • Newer mechanical systems
  • New roof installed in 2023
  • 100% occupied with average in-place rents of approximately $1,457/unit
  • Market rents of approximately $1,550/unit, providing potential for continued rental growth
  • $133,745 trailing NOI | 7.87% going-in cap rate
  • $134,556 Year 1 Pro Forma NOI | 7.92% cap rate
  • 9.33% Year 1 projected cash-on-cash return based on modeled financing

Property Description

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.
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Broker Details

Cody Smith
Cody Smith

Kiser Group 651-353-3657

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Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
No. of Units: 12
Year Built: 1900
Lot Size: 0.19 Acres
Opportunity Zone: No
Property Website Click Here
Address: 2007 Aldrich Ave S, Minneapolis, MN 55405, USA
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Step 1Financing Calculation

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Step 2Gross Rent Analysis

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Step 3Cap Rate Calculation

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Step 4Final Deal Analysis

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