610 West

JLL is pleased to present 610 West Apartments – a 480-home, core-plus luxury multifamily community situated within the thriving 610 Corridor in Brooklyn Park, MN. This award-winning, podium-built property boasts a best-in-class amenity package and is being offered at a 25+% discount to replacement cost in a high barrier-to-entry submarket.

610 West is ideally positioned in Minneapolis’ #1 submarket for rent growth right in the heart of Minnesota's Medical Alley – the #1 health technology cluster in the world – offering residents unrivaled access to a dense concentration of blue-chip employers including Boston Scientific, Medtronic, and Takeda, plus leading healthcare systems anchored by North Memorial and Allina Health. The community sits directly adjacent to Target's sprawling 333-acre northern corporate campus, a key growth hub for the retailer. Moreover, the planned Blue Line LRT extension, with its anticipated 2027 ground-breaking and final stop adjacent to the Target campus, will further amplify connectivity and employee inflow to the site.

610 West is generating 8.1% blended trade-outs/renewal growth on its trailing-30 leases – a direct product of severe supply constraints, compelling demand tailwinds, and recent property enhancements that have yet to be fully absorbed into the rent roll, providing investors with immediate and continued outsized rent growth runway. This is coupled with 2+ years of remaining TIF stream, contributing $700k+ in annual income to bolster cash yield. Lastly, 610 West is offered with an assumable Fannie Mae Loan with 3+ years of interest-only period remaining that provides investors with immediate financing certainty.

JLL invites qualified investors to pursue this rare class A investment opportunity at a significant discount to replacement cost in one of the nation's best performing apartment markets.