Medicine Lake Apartments
1300 West Medicine Lake Drive, Plymouth, MN, 55441, US
81 units
Description
Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present HERE Minneapolis ("HERE" or the "Property"), a 169-unit, 195-bed property in Minneapolis' Prospect Park neighborhood adjacent to University of Minnesota's main campus with direct transit access via UM Transitway and Metro Green Line.
MARKET STRENGTHS
• Twin Cities ranks #1 nationally for rental demand (RentCafe)
• Zero new supply in submarket; MSA-wide supply at decade low
• 2026 deliveries projected at 3,000 units (69% below peak)
• Minnesota ranked #5 nationally in net migration (2025)
UNIVERSITY DYNAMICS
• UMN is 5th largest campus by enrollment nationally
• Enrollment grew 5.5% (2023-2025), with 10% first-year increase in 2024
• 40,000+ full-time students vs. only 24,000 purpose-built beds
• No future student housing supply pipeline
...
Attributes
Number of units
169
Beds
195
SF/Unit
492
Occupancy
95%
Year built
2020
Media
Investment Highlights
- "Access To Everything" Location
- Strong In-Place Performance Couled With Favorable Local Fundamentals
- 7th Largest Power 4 University With No Supply Pipeline
- Operational Upside
- Strong Renter Fundamentals
- 50% Discount to Replacement Cost
Contact brokers
HERE Minneapolis (0 Properties)
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Last updated
28 Apr 2026
