Kelley Haag Real Estate Group

01/01/2025

OFF MARKET East Edina Rambler Available 55410

$699,900 As-is
Cash, Private/Hard Money, Conventional
NO Seller Finance or Sub-to

4/2/2
3 beds Main, large primary suite
1 bed Lower with large walk-in closet
2,970 FSF
2 working fireplaces - Main & Lower24 acres

1950’s build with 2012 addition to increase main floor and basement square footage

2019 New High Efficiency HVAC, Sewer Line, Water Line
2020 Remodel - added 970sq ft, walk in closet and bedroom in the basement. Hallway. Finished large laundry/storage room.

Larger Lot
Sits high
Brick Patio
Composite Deck
Perineals and lush landscaping
Private backyard
Sauna in basement next to 2012 build 3/4 bath
Center of 2 block street
Blocks from 50/France, the creek, parks

You can chop the top off and re-arrange for an ARV of $1,200,000-$1,400,000

New build $1,700,000-$2,400,000

Kelley Haag (seller)
Broker
Chowen Lakes Realty
Text 612-759-0295

01/01/2025

OFF MARKET East Edina, MN Rambler Available 55410

$699,900 As-is
Cash, Private/Hard Money, Conventional
NO Seller Finance or Sub-to

4/2/2
3 beds Main, large primary suite
1 bed Lower with large walk-in closet
2,970 FSF
2 working fireplaces - Main & Lower24 acres

1950’s build with 2012 addition to increase main floor and basement square footage

2019 New High Efficiency HVAC, Sewer Line, Water Line
2020 Remodel - added 970sq ft, walk in closet and bedroom in the basement. Hallway. Finished large laundry/storage room.

Larger Lot
Sits high
Brick Patio
Composite Deck
Perineals and lush landscaping
Private backyard
Sauna in basement next to 2012 build 3/4 bath
Center of 2 block street
Blocks from 50/France, the creek, parks

You can chop the top off and re-arrange for an ARV of $1,200,000-$1,400,00

New build $1,700,000-$2,400,000

Kelley Haag (seller)
Broker
Chowen Lakes Realty
Text 612-759-0295

01/01/2025

OFF MARKET East Edina, MN Rambler Available 55410

$699,900 As-is
Cash, Private/Hard Money, Conventional
NO Seller Finance or Sub-to

4/2/2
3 beds Main, large primary suite
1 bed Lower with large walk-in closet
2,970 FSF
2 working fireplaces - Main & Lower24 acres

1950’s build with 2012 addition to increase main floor and basement square footage

2019 New High Efficiency HVAC, Sewer Line, Water Line
2020 Remodel - added 970sq ft, walk in closet and bedroom in the basement. Hallway. Finished large laundry/storage room.

Larger Lot
Sits high
Brick Patio
Composite Deck
Perineals and lush landscaping
Private backyard
Sauna in basement next to 2012 build 3/4 bath
Center of 2 block street
Blocks from 50/France, the creek, parks

You can chop the top off and re-arrange for an ARV of $1,200,000-$1,400,000

New build $1,800,000-$2,400,000

Kelley Haag (seller)
Broker
Chowen Lakes Realty
Text 612-759-0295

10/14/2024

Thrilled to have my one-bedroom condo listing in Minnesota featured in The New York Times!

A big thank you to for the feature and to Scott Belcher for showing the property.

Check out the full article here:

https://www.nytimes.com/interactive/2024/09/26/realestate/minnesota-one-bedroom-condo.html?unlocked_article_code=1.N04.kN2S.y07EFeAsqQ8K&smid=nytcore-ios-share&referringSource=articleShare

1805 3rd Ave S Unit 102 | $179,900

Contact me for a showing:

Kelley Haag
[email protected]
612-759-0295
Chowen Lakes Realty



Kelley Farmer
The New York Times
Scott Belcher
Chowen Lakes Realty

A recent retiree toured condos of all stripes in Minneapolis and St. Paul, looking for something he could get excited about. Here’s what he found.

09/21/2024

Exciting Development Opportunity

Isanti, MN
Prime Location located right off of Hwy 65

We’re developing 11.57 acres in an Opportunity Zone with:
32-unit memory care facility
32-unit senior care facility
45 rental townhomes

Amenities: Park, man-made pond, grilling areas, golf simulator, immersive spaces

Parking: 35-40 spots for each facility

Haag Properties will manage the townhomes and retain ownership of the land, charging an annually increasing land lease. To improve efficiency and reduce staff burnout, the care facilities will feature robots for food service.

Why Invest?
Multiple Revenue Streams: Steady income from care facilities and townhome rentals.

Tax Incentives: Located in an Opportunity Zone, offering significant tax advantages.

Strong Financials: Over $9.4M in projected revenue in the first 3 years and a 20%+ cash-on-cash return.

Growing Market: High demand for senior living and memory care services in Minnesota.

Ready to invest in a sustainable, future-focused development?

Reach out for more information.

Kelley Haag
Managing Broker & Director of Capital Markets
[email protected]
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09/16/2024

***Offers Recieved - Due by EOD 9/20/24***

Exclusive Off-Market Multifamily Investment: Wi******er, KY

💰 $4.4 Million | 🏡 48 Units | 📈 6.59% Cap Rate

Attention investors! An exceptional off-market opportunity awaits in Wi******er, KY.

48-unit multifamily complex primed for stable income and value-add potential.

Property Highlights:

Strong Rental Market: Wi******er boasts a low 0.5% vacancy rate and 18.9% YoY rent growth, ensuring consistent occupancy and income potential
Value-Add Play: 39 units are below market rent, offering significant upside for increased cash flow
Turnkey Operation: Professionally managed with proactive leasing (75% pre-leased units) and efficient systems
Recent Upgrades: $8,771.38 invested in maintenance and improvements, ensuring tenant satisfaction and property value
Diverse Unit Mix: 2-bedroom, 3-bedroom, and efficiency units attract a wide range of tenants
Financial Snapshot:

6-Month NOI: $141,760.89
Jan-Jun '24 Operating Income: $233,609.47
Why Invest?

Stable Income: Benefit from Wi******er's strong rental market and the property's proven performance
Growth Potential: Increase cash flow by raising rents to market levels
Hands-Off Investment: Professional management handles day-to-day operations
Don't miss this exclusive opportunity! Contact me today to sign an NDA so we can discuss the details.

Kelley Haag

Managing Broker & Director of Capital Markets

📞 612-759-0295 | 📧 [email protected]

www.chowenlakesrealty.com

We have expertise in residential, luxury, commercial, and land. We strive to provide a tailored experience for every client. Our Managing Broker and Founder, Kelley Haag, believes personalization is key to success.

09/15/2024

Investment Opportunity - 478 Unit Apartment Complex in Houston, TX

Property Overview:

Type: Multi-Family Apartment Complex

Units: 478 (potential for 10-16 additional units)

Location: South Acres-Crestmont Park, Houston, TX

Year Built: 1971

Occupancy: 50%



Asking Price: $28M + 3% buyer's fee

LOI Required to receive updated financials



Financials:

NOI: $990,102

Total Income: $3.37M

Capex Budget: $3-4M for renovations

Investment Highlights:

Value-Add: Renovation of 29 units and a $400K chiller overhaul

Strategic Location: 10 miles south of downtown, close to major highways, Hobby Airport, and NRG Stadium

Turnaround Potential: Previous management achieved 95% occupancy

Expansion: Opportunity to add 10-16 more units

Exit Strategy:

Stabilized NOI: $2.46M

Exit Cap Rate: 5.5%

Estimated Sale Value: $44.75M

Projected IRR: 12-14%

Interested? Contact me for more details.

Kelley Haag
Managing Broker & Director of Capital Markets
612-759-0295
[email protected]
www.chowenlakesrealty.com

We have expertise in residential, luxury, commercial, and land. We strive to provide a tailored experience for every client. Our Managing Broker and Founder, Kelley Haag, believes personalization is key to success.

09/15/2024

New Investment Opportunity: Multifamily: Dallas, TX

Location: Dallas, TX 75228

Units: 386 diverse 1, 2, & 3-bedroom floor plans

Size: Avg. unit size 934 SF, Total 360,692 SF

Year Built: 1965/1969, across 56 buildings on 17.7 acres

Asking Price: $39M + 4% Buyer’s Fee

Financing: Assumable Freddie Mac loan at 3.36% with 2.5 years of IO remaining

Investment Highlights:

- Strong cash-on-cash return prospects with double-digit returns projected in Year 1.

- Significant value-add opportunities through unit renovations and efficiency upgrades.

- Renovated units achieving up to $252 rent premium.

- Install water-saving devices for $130,000 annual savings.

CapEx: Over $8M invested recently in renovations and improvements.

This property offers a robust upside potential in a thriving Dallas market with a current 90% occupancy rate, providing flexibility for rent increases.

Contact me for more details:

Kelley Haag

Managing Broker & Director of Capital Markets

[email protected]

www.chowenlakesrealty.com

We have expertise in residential, luxury, commercial, and land. We strive to provide a tailored experience for every client. Our Managing Broker and Founder, Kelley Haag, believes personalization is key to success.

09/13/2024

Capital Markets Advisory Firm Looking for DEALS!

- Acquisition only (no development)
- Multifamily properties
- Manufactured Housing Parks (MHP)
- Self-storage facilities
- RV parks

- Preference for partners with full-cycle deal experience (acquisition to disposition)

- Going-in cap rate: Must be higher than the loan interest rate to ensure immediate positive cash flow.

Please email over the pitch deck and excel underwriting model along with your detailed track record.

Kelley Haag
Managing Broker & Director of Capital Markets
Chowen Lakes Realty

[email protected]
www.chowenlakesrealty.com

We have expertise in residential, luxury, commercial, and land. We strive to provide a tailored experience for every client. Our Managing Broker and Founder, Kelley Haag, believes personalization is key to success.

09/13/2024

🚨 **Seeking Multifamily Investment Opportunities** 🚨

I'm working with private equity firms and HNW clients seeking:

100+ Units:
- One group buys value-add only.
- Another prefers stabilized - previously offering mid-5 caps, and can buy 300+ units with cash.
- Target markets include Phoenix, Denver, Dallas, NC, SC, and potentially OR and NM.

Newer Developments:
- The stabilized group prefers 1980s or newer buildings, with interest in new developments.

Smaller Deals:
- A client seeks 20+ units in Jacksonville and possibly Dallas with a focus on value-add.

Open to discussing emerging markets, including Minnesota for passive investors.

Please email me.

Kelley Haag
Managing Broker & Director of Capital Markets
Chowen Lakes Realty
[email protected]
www.chowenlakesrealty.com

We have expertise in residential, luxury, commercial, and land. We strive to provide a tailored experience for every client. Our Managing Broker and Founder, Kelley Haag, believes personalization is key to success.

09/08/2024

Minnesota Pipeline Projects Available for Development & Acquisition:

We are actively presenting several high-quality development opportunities in key markets across Minnesota. Our group is uniquely positioned to offer exclusive listings on the following projects:

Residential Developments:
Locations: Rochester, Farmington, Corcoran, and Inver Grove Heights
Product: Attached and detached townhomes and single-family homes
Potential: Most projects could be developed for acquisition.

Multifamily:
Locations: Rochester and Corcoran
Product: High-demand multifamily housing projects

Unique Value Propositions:
City Support: 20-year TIF guarantee
Tax Incentives: Opportunity Zone and New Market Tax Credit designations
Exit Strategy: Build, stabilize, and sell for optimal returns

These projects offer unparalleled opportunities for investors seeking to capitalize on high-growth areas.

For further information or to explore these opportunities, connect with us directly.

Kelley Haag
Managing Broker & Director of Capital Markets | REALTOR®
Contact | 612-759-0295 | [email protected]
Chowen Lakes Realty | Edina, MN
www.chowenlakesrealty.com

Zavi Development : Alex Gese

We have expertise in residential, luxury, commercial, and land. We strive to provide a tailored experience for every client. Our Managing Broker and Founder, Kelley Haag, believes personalization is key to success.

09/03/2024

**Serious buyer looking for establishments in the Minneapolis/St. Paul area where the owner would like to sell due to retirement:**

- Pool Cleaning Companies
- Remediation Companies
- Pest Control Services
- Accounting Firms
- Laundromats
- Nail Salons

Contact me to discuss potential opportunities.

📞 612-759-0295
✉️ [email protected]