NAI Everest is proud to announce the successful closing of a luxury sixty-unit, boutique apartment building in the booming Uptown Neighborhood of Minneapolis. The asset, located at 3021 Holmes Avenue South, is just one and a half blocks from the intersection of Lake Street and Hennepin Avenue. The apartment building was acquired by The Laramar Group, a Chicago-based owner and manager of multifamily properties for $15,675,000 or $261,250 per unit.
“It was a pleasure to assist with the disposition of this superb apartment building; 3021 Holmes Avenue is an exceptional multifamily asset in the Uptown landscape,” said Gina Dingman, CCIM and President of NAI Everest. “It will be exciting to watch the Laramar team add another fantastic asset to their growing portfolio of owned properties in our market. This sale reinforces the continued vibrancy of the multifamily investment market in the Twin Cities Metro Area.”