Hennepin County · Brooklyn Park
Sell Your Commercial Property In Brooklyn Park, MN
From Brookdale to Brooklyn Center, we buy Brooklyn Park multifamily and commercial apartment properties of 5+ units in every condition. Owners and agents get a straight answer on fit, usually within two business days.
- Clear feedback on your deal, typically within 48 hours
- 5 to 100+ units, stabilized or distressed, listed or off-market
- Owners, agents, and brokers welcome — every conversation is confidential
We buy:Tired landlordsEstate & trust sales1031 exchangesDeferred maintenanceHigh vacancyPartnership splits
Areas We Target: Brookdale · Edinburgh · Brooklyn Center · Osseo — Hennepin County, MN
Local Demand
Our View On Brooklyn Park
Brooklyn Park, MN, in Hennepin County, is a suburb of 83,876 residents where renters occupy 29.7% of homes and 24.0% of the housing stock sits in buildings with five or more units. Median gross rent is $1,325, and 51.3% of homes were built before 1980, so buyers underwrite older stock. This profile gives owners who want to sell commercial property in Brooklyn Park, MN the rent, tax and landlord-rule figures buyers use, drawn from ACS 2020-2024, HUD and Minnesota statutes.
North Hennepin Community College
North Hennepin Community College, in Brooklyn Park, counted 7,229 students in fiscal year 2024, sustaining student rental demand.Target corporate campus
Target lists Brooklyn Park as one of its two Minnesota corporate campuses, anchoring office employment.Remote and short commutes
ACS 2020-2024 shows 14.9% of workers at home and 93.9% of commuters under 45 minutes.Our Buy Box
What We Buy In Brooklyn Park
Asset Type
Multifamily, 5+ Units
Apartment buildings and income-producing residential.
Size
5 – 100+ Units
Sweet spot: 15–25 units.
Condition
Stabilized To Distressed
Value-add, mismanaged, and high-vacancy properties welcome.
Deal Types
Listed Or Off-Market
Direct-to-owner, pocket listings, portfolios.
Local Market Data
Brooklyn Park Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Brooklyn Park
Renters occupy 29.7% of Brooklyn Park homes, or 8,671 households, per ACS 2020-2024 tenure data.
Buildings with five or more units make up 24.0% of Brooklyn Park housing, or 7,246 homes, against 19.4% statewide (ACS units-in-structure table). About 51.3% of Brooklyn Park homes predate 1980. Owners who sell multifamily property in Brooklyn Park are selling aging stock with a deep renter base.
Rents and affordability
Median gross rent in Brooklyn Park is $1,325 per month, above Minnesota's $1,280 and below Hennepin County's $1,487 (ACS 2020-2024).
Renters paying 30% or more of income on rent total 53.3% in Brooklyn Park, and 30.5% pay 50% or more (ACS gross-rent-share table). Owners who sell commercial real estate in Brooklyn Park, MN can point buyers to this steady rent demand.
| HUD FY2027 FMR | Monthly rent |
|---|---|
| Efficiency | $1,265 |
| One-bedroom | $1,427 |
| Two-bedroom | $1,734 |
| Three-bedroom | $2,264 |
| Four-bedroom | $2,538 |
Minneapolis-St. Paul-Bloomington HUD Metro FMR Area, effective October 1, 2026, from HUD fair market rents.
Property taxes in Hennepin County
A $2,000,000 apartment building in Brooklyn Park carries about $28,016 in annual tax using Hennepin County's taxes payable 2024 rate. Apartments of four or more units are class 4a, taxed at 1.25% for taxes payable 2025 (Minnesota Department of Revenue).
Math: $2,000,000 x 1.25% = $25,000 of tax capacity. Hennepin's 2024 rate for Brooklyn Park in the Osseo school district is 112.065% (2024 composite rate cards). That gives $25,000 x 1.12065 = $28,016.
Anyone ready to sell commercial property in Brooklyn Park, MN also faces Minnesota's state deed tax of 0.33%, or $6,600 on $2,000,000 (Minn. Stat. 287.21).
Landlord rules in Brooklyn Park
Minnesota landlords must return a security deposit within three weeks of the tenancy ending, and deposits earn 1% simple interest (Minn. Stat. 504B.178). A nonpayment eviction needs written notice, and the tenant has 14 days to pay or leave (Minn. Stat. 504B.321).
Cities cannot adopt rent control unless voters approve it at a general election (Minn. Stat. 471.9996). Brooklyn Park runs an annual rental license from October 1 to September 30, priced at $200 plus $40 per unit for 4-15 unit buildings (city license application).
What it means for an owner
Buyers underwrite Brooklyn Park apartments on rent roll, license status, and a tax bill near 1.4% of value. An owner ready to sell commercial property in Brooklyn Park, MN should assemble those records first.
Skyline Capital Investments buys buildings with five or more units. To sell your apartment building in Brooklyn Park, start with the cap rate calculator, then see how we buy apartment buildings.
Seller Notes
Selling In Brooklyn Park
More about selling in Minnesota →Investing in Brooklyn Park? See apartment syndications in Brooklyn Park →
- Class 4a apartments of four or more units are taxed at 1.25% for taxes payable 2025.
- Hennepin's taxes payable 2024 rate cards list Osseo-district Brooklyn Park rows from 111.867% to 112.192%.
- Owners who sell commercial real estate in Brooklyn Park, MN owe 0.33% state deed tax.
Seller Guides
Your Situation, Handled — Brooklyn Park
Learn More
Taxes & Rules For Brooklyn Park Property
The Minnesota rules that shape any deal in Brooklyn Park: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Brooklyn Park Seller FAQ
How do I sell commercial property in Brooklyn Park, MN?
Gather the rent roll, rental license records, and tax statements, then price against local data: median rent is $1,325 and 24.0% of homes sit in buildings with five or more units. Skyline Capital Investments buys apartment buildings with five or more units directly.
What are the property taxes on an apartment building in Brooklyn Park?
On a $2,000,000 building, class 4a tax capacity is $25,000 at the 1.25% class rate. Applying Hennepin's taxes payable 2024 rate of 112.065% for an Osseo school district row gives an annual bill of about $28,016.
What is the transfer tax if I sell commercial real estate in Brooklyn Park, MN?
Minnesota's state deed tax is 0.33% of net consideration under Minn. Stat. 287.21. On a $2,000,000 sale that is $6,600. The tax applies to consideration above $3,000, so buyers expect sellers to price it in.
Does Brooklyn Park have rent control?
State law bars cities from adopting rent control unless voters approve it at a general election, under Minn. Stat. 471.9996. Selling commercial property in Brooklyn Park therefore does not hinge on a local rent cap unless voters adopt one.
Does Brooklyn Park require a rental license?
Brooklyn Park issues annual rental licenses running October 1 to September 30. Buildings with 4-15 units pay $200 plus $40 per unit, and the fee covers an initial inspection plus one follow-up inspection, per the city's application.
What if my Brooklyn Park building has vacancies or deferred maintenance?
That is often where we add the most value. We buy buildings that need renovation, new management, or lease-up, and we account for that in our offer.
Do you work with Brooklyn Park brokers and agents?
We do. Agents can bring us listed or pocket-listing deals in Brooklyn Park, and we keep every conversation confidential.
Can I sell rental property in Brooklyn Park with tenants in place?
Yes. We buy apartment buildings with tenants in place and keep existing leases intact. As a commercial real estate buyer focused on 5+ unit properties, we underwrite the current rent roll as it stands.
Do I need a broker to sell my apartment building in Brooklyn Park?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Tell Us About Your Property In Brooklyn Park
A few details are enough to start. We respond to every Brooklyn Park submission, including off-market and pocket listings.
