Lakeville Court Townhomes

Michel Commercial is pleased to present the Lakeville Court Apartments & Townhomes, a 52-home affordable community located in Lakeville, MN. These well-maintained townhomes feature open layouts, in-home laundry, private entries, attached garages and $2.5MM of capital improvements in 2011 (including new roofs, new windows, new siding, new HVAC and new boilers). Affordability Structure All 52 homes (100%) are designated to serve residents earning up to 60% of the Area Median Income (AMI) until the expiration of the Land Use Restriction Agreement (LURA) on January 17, 2026. Prime Location and Lifestyle Lakeville Court Apartments & Townhomes offers residents the perfect blend of urban convenience and suburban charm. Ideally located in Lakeville, MN, the community provides easy access to major employers like Post Consumer Brands, Hearth & Home Technologies, and BTD Manufacturing. Nearby conveniences include shopping at Cub Foods and Target, local dining options, and top-rated schools in the Lakeville Area School District, such as Cherry View Elementary and Lakeville South High School. Outdoor enthusiasts can enjoy Ritter Farm Park, Lake Marion, and Casperson Park, while the nearby I-35 ensures seamless transportation to the Twin Cities for work, education, and recreation. Attractive Investment Opportunity Lakeville Court Apartments & Townhomes presents a stable and appealing investment opportunity, supported by a history of strong occupancy and its high-demand location. In addition, the upcoming expiration of the affordable agreement further enhances the property’s appeal.

Lakeville, MN, offers numerous benefits, including a family-friendly environment with excellent schools, abundant parks, and outdoor recreation opportunities. With easy access to shopping, dining, and services, including the historic Downtown Lakeville area. Its proximity to the Twin Cities makes it convenient for commuters, while its suburban charm ensures a quieter lifestyle. Quality Schools Lakeville is home to top-rated public schools within the Lakeville Area School District, offering a range of academic and extracurricular opportunities for students, including highly regarded high schools and a robust community education program. Proximity to Larger Cities Located just 20 miles south of Minneapolis, Lakeville provides a peaceful suburban atmosphere with easy access to the Twin Cities for those seeking employment, entertainment, and cultural activities. Parks and Recreation The city boasts over 50 parks, including beautiful green spaces like Lakeville’s iconic Aronson Park and the expansive Murphy- Hanrehan Park Reserve, providing residents with ample opportunities for outdoor activities like hiking, biking, and fishing. Historic Charm and Local Amenities Lakeville’s historic downtown area offers a charming blend of local shops, dining, and community events, while the city also boasts modern amenities such as a variety of restaurants, retail outlets, and recreational facilities. Overall, Lakeville, offers a perfect balance of suburban tranquility and urban convenience, with top-rated schools and a wide range of amenities. With a growing economy and a family-friendly atmosphere, Lakeville is an excellent place to live, work, and play.