270 Hennepin — Sale in Minneapolis, MN

  • Price: $153K
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Minneapolis, MN 55401
  • Size: 271,115 SF
  • Year built: 2021

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Description

Jones Lang LaSalle Americas, Inc. (“JLL”), as the exclusive advisor, is pleased to present the offering of 270 Hennepin (the “Property”), a newly constructed, 346-unit, 21-story ultraluxury multi-housing community in the coveted North Loop of Minneapolis. The property is immediately adjacent to Four Seasons, Whole Foods, and RBC Gateway – a breathtaking mixed-use building home to the U.S. headquarters of RBC Wealth Management. 270 Hennepin is situated in the heart of the vibrant and walkable North Loop neighborhood. This area is known for its remarkable adaptive reuse projects that have transformed early 20th-century factories and warehouses into nationally acclaimed establishments. Ideally located at the meeting point between the North Loop and the Gateway District, residents of 270 Hennepin are just steps away from award-winning restaurants, fashionable boutiques, bustling taprooms, and professional sports, making it one of the most sought-after living experiences in the Upper Midwest. A masterpiece of architectural excellence, 270 Hennepin was crafted with utmost precision and attention to detail using components that are truly irreplaceable today. This 100% union-built concrete type-1 construction asset features a comprehensive amenity package, including an indoor spa pool, expansive fitness center, yoga studio, work-from-home lounge, private dog run, pet spa, rooftop patio, heated underground parking, a Butterfly MX video entry system, and The Puttery - an immersive mini-golf restaurant and retail experience located on the ground-level. These factors make the North Loop an appealing destination for affluent professionals. Over the past decade, thousands of high-earning residents have chosen to call this neighborhood home, despite limited land availability and housing supply. The average income in the area stands at $153,000, and the population has grown 130% over the past decade. Today, the North Loop has firmly established itself as Minnesota’s premier urban

Market Context

This multifamily in Minneapolis, MN is listed for sale at $153,000 across 271,115 SF. The building dates to 2021. Compare it against other multifamily listings for sale in Minneapolis, MN — view the full market.

As of Q1 2026, the Minneapolis multifamily market showed a 6.1% vacancy rate, and average asking rents near $1557.00/unit/mo. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

Is the Minneapolis multifamily market tightening or softening?
Vacancy is around 6.1% (Q1 2026).

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