$10,000,000

CHAPTER 11 BANKRUPTCY SALE – Pursuant to Court Order, the Bid Deadline is Monday, October 6, 2025 @ 3pm EST. Tour Date – Wednesday, October 1, 2025 from 12pm to 2pm. Minnesota Commons Apartments, 4069-4089 Minnesota Avenue NE, offers a rare opportunity for buyers with a track record of successfully repositioning multifamily properties to acquire a sizable, multi-building portfolio in a high-visibility commercial and residential corridor in an Opportunity Zone in Northeast Washington, DC. This complex is comprised of eleven brick buildings with a total of 83 apartments. Each building has three levels with 6, 9, or 12 units, some with basement storage and one building with a resident laundry room. Prior to renovations, all apartments were believed to be 1 bedroom or 2 bedrooms, each with a full bathroom. Construction was initiated in 48 units, and with a 30%+/- occupancy rate, a new owner has great flexibility to perform renovations and the potential to reconfigure units to add additional bedrooms. The lot size is 52,030 SF (est.), or 1.19 acres, with approximately 212’ road frontage along Minnesota Avenue. Based on a third-party report, the property is believed to be 83 units with an average 840 SF unit size. However, based on a recent site inspection, two apartment units are a combination of two individual apartments, resulting in 83 potential units but 81 physical units. This property offers a Total Net Rentable Area of 103,308 SF within a Gross Building Area of 122,109 SF. The buyer should verify all counts and sizes when performing their due diligence. Originally constructed in 1942, the property features durable wood and masonry construction, with a reinforced concrete slab foundation supporting concrete block exterior and demising walls. The buildings have brick exteriors, with concrete block exterior and demising walls, and wood frame floor structures and interior walls. The flat deck roof holds built-up assemblies with a tar and gravel cover. The HVAC is provided by electric PTAC units in living areas and bedrooms (where available), along with electric baseboard heating. Offered for sale by H. Jason Gold, Trustee. Contact CENTURY 21 Commercial New Millennium for tour dates, bidding procedures and further information.