Hennepin County · Minneapolis
Sell Your Commercial Property In Minneapolis, MN
Skyline Capital Investments buys commercial apartment buildings of 5+ units in Minneapolis and across Hennepin County — listed or off-market, stabilized or value-add. Get clear feedback on your deal, typically within 48 hours.
- 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
Neighborhoods & Nearby Towns: Uptown · Northeast · Loring Park · Longfellow — Hennepin County, MN
Why Minneapolis
Why We Buy Multifamily In Minneapolis
Minneapolis, MN is a renter-majority market: 52.3% of occupied homes are rented, and 44.2% of housing sits in buildings with 5 or more units (ACS 2020-2024). Median gross rent is $1,371, above the Minnesota median of $1,280. Hennepin County taxes apartments at a 1.25% class rate, and the state deed tax is 0.33%. Owners who want to sell commercial property in Minneapolis, MN can use this page to see who rents, what rents look like, and what a buyer of a 5+ unit building will underwrite.
Target headquarters
Target says more than 14,000 corporate team members are connected to its Minnesota headquarters, anchoring downtown office employment.University of Minnesota
The Twin Cities campus enrolled 56,666 students in fall 2024, including 31,855 undergraduates, per university enrollment data.Hennepin Healthcare
Hennepin Healthcare operates a 484-bed academic medical center with a Level I adult trauma center and clinics across Minneapolis neighborhoods.Our Buy Box
What We Buy In Minneapolis
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
Minneapolis Apartment Market
Figures gathered October 2026 from public market data.
Who rents in Minneapolis
Renters occupy 52.3% of occupied homes in Minneapolis, against 27.8% statewide (ACS 2020-2024 table B25003). Buildings with 5 or more units hold 92,432 homes, or 44.2% of Minneapolis housing (table B25024).
Minneapolis stock is old. Homes built before 1980 are 72.2% of the total, and the median year built is 1951 (table B25034).
Rents and affordability in Minneapolis
Median gross rent in Minneapolis is $1,371 a month, against $1,280 for Minnesota and $1,487 for Hennepin County (ACS table B25064). Median household income in Minneapolis is $80,846.
Among Minneapolis renters, 46.3% pay 30% or more of income on rent, and 22.4% pay 50% or more (table B25070). Rental vacancy in Minneapolis is 6.7% (table DP04).
| HUD FY2027 FMR, Minneapolis-St. Paul-Bloomington, MN-WI HUD Metro FMR Area | Monthly rent |
|---|---|
| Efficiency | $1,265 |
| One-bedroom | $1,427 |
| Two-bedroom | $1,734 |
| Three-bedroom | $2,264 |
| Four-bedroom | $2,538 |
Source: HUD FY2027 fair market rents.
Property taxes in Hennepin County
Apartments with four or more units are class 4a, taxed on 1.25% of market value (Minn. Stat. 273.13). A $2,000,000 building therefore carries $25,000 of taxable value, and Hennepin County applies the local rates to that figure.
Minnesota deed tax is 0.33% of net consideration over $3,000 (Minn. Stat. 287.21). On a $2,000,000 sale that is $6,600. Anyone planning to sell commercial property in Minneapolis, MN should model both amounts.
Minneapolis apartments totaled $13.7 billion in estimated market value in the 2025 city assessment report. The local board of appeal and equalization convened April 15 that year.
Landlord rules in Minneapolis
Minnesota law and Minneapolis licensing shape what a buyer underwrites when you sell commercial real estate in Minneapolis, MN.
- Security deposits: landlords return deposits within three weeks after the tenancy ends (Minn. Stat. 504B.178).
- Nonpayment: a written notice allowing 14 days comes before an eviction filing (Minn. Stat. 504B.321).
- Rent control: cities may not control private residential rents unless voters approve it in a general election (Minn. Stat. 471.9996).
- Rental licensing: Minneapolis inspects Tier 3 buildings every year, Tier 2 every 5 years and Tier 1 every 8 years (rental license tiers).
What this means for a Minneapolis owner
Minneapolis combines a 52.3% renter share, a 6.7% rental vacancy rate and a 1.25% class rate. Owners who want to sell commercial property in Minneapolis, MN can price from those figures.
Skyline Capital Investments buys apartment buildings with 5 or more units. To sell your apartment building in Minneapolis, start with the cap rate calculator or read how to sell my apartment building.
Before You Sell
What Shapes A Minneapolis Offer
More about selling in Minnesota →Investing in Minneapolis? See apartment syndications in Minneapolis →
- Minneapolis median year built is 1951, so buyers weigh older systems and rental license inspections.
- Planning to sell commercial real estate in Minneapolis, MN? Deed tax is 0.33%, or $6,600 on $2,000,000.
- Minneapolis rental licenses use three tiers; Tier 3 is inspected yearly and Tier 1 every eight years.
Seller Guides
Your Situation, Handled — Minneapolis
Learn More
Taxes & Rules For Minneapolis Property
The Minnesota rules that shape any deal in Minneapolis: what a sale costs in tax, how buildings are taxed, what landlords must follow, and how to defer gains.
Minneapolis Seller FAQ
How do I sell commercial property in Minneapolis, MN?
Start with the rent roll and the 1.25% class 4a taxable value Hennepin County uses. Minneapolis buyers weigh a 52.3% renter share, 6.7% rental vacancy and $1,371 median rent. Skyline Capital Investments buys apartment buildings of 5 or more units.
What costs come with a sale to sell commercial real estate in Minneapolis, MN?
Minnesota deed tax is 0.33% of net consideration over $3,000, which is $6,600 on a $2,000,000 sale under Minn. Stat. 287.21. Property tax is billed on a taxable value of 1.25% of market value for apartments with four or more units.
How are Minneapolis rental buildings inspected?
Minneapolis scores each rental building and assigns Tier 1 (0 to 19 points), Tier 2 (20 to 39) or Tier 3 (40 or more). Tier 3 buildings get routine inspections every year, Tier 2 every 5 years and Tier 1 every 8 years.
Does Minnesota allow rent control in Minneapolis?
Minn. Stat. 471.9996 bars cities from controlling rents on private residential property unless voters approve the control at a general election. That rule applies to anyone planning to sell multifamily property in Minneapolis and to their buyers.
What are the deposit and nonpayment rules for Minneapolis tenants?
Minnesota landlords return security deposits within three weeks after a tenancy ends (Minn. Stat. 504B.178). Nonpayment eviction requires written notice with a 14-day period (Minn. Stat. 504B.321). Both rules govern the leases involved in selling commercial property in Minneapolis.
What if my Minneapolis 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.
How does a sale to you work in Hennepin County?
Send the address, unit count, and any financials. We give feedback, then a written letter of intent if it fits, followed by diligence and a closing date that works for you.
Is it possible to sell rental property in Minneapolis without evicting tenants?
It is. We buy apartment buildings occupied, and tenants stay on their current leases. Skyline Capital Investments is a commercial real estate buyer of 5+ unit buildings, so occupied properties are the norm for us.
Do I need a broker to sell my apartment building in Minneapolis?
No. You can work with us directly, or your broker can bring the deal to us. Either way, conversations stay confidential.
Submit A Deal
Have A Property In Minneapolis?
Send the address, unit count, and asking price if you have one. We keep every conversation confidential.
