MLS#7088951
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONMaben & Whites Add
SCHOOLMinneapolis
Property Description
21-unit multifamily in Minneapolis's Powderhorn Park neighborhood offered at $2,425,000 ($115,476/door). This 1BR, 2BR, and studio building features on-site parking and shared laundry with current rents running below market, presenting immediate upside for a new owner. The most recent capital upgrade was a brand new roof in 2026, with newer mechanicals, a clean exterior, and numerous energy efficiency appliance upgrades through the Minneapolis 4D program which also keeps taxes low. Many units have already been remodeled with additional turns remaining, creating a clear and executable value-add path. Potential NOI of $193,648 with meaningful rent upside still on the table. Ideal for an operator or passive investor looking to deploy into a proven south Minneapolis value-add multifamily. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more details.
Property Features
Property Type: Commercial - Business
Fuel Type: Electric, Natural Gas
Heating: Boiler
Lot Size: 0.43 Acres
Stories: 2.0
Taxes: $16,225
Year Built: 1968
Feature Descriptions
Current Use: Residential
Days on Site: 1
Foundation Size: 4566
Lot Dimensions: 152.90 X 122.00
Parcel#: 0202824310030
Parking: Parking Lot, Paved Lot
Sale Includes: Building, Fixture/Equipment, Land, Rental License
Sewer: City Sewer/Connected
Units: 21
Utilities: Electric Common, Electric Separate, Heating Common, Hot Water Common
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: Commercial Investors Group LLC
Agency Phone: 612-598-0780
Shown By
Agency Title: LeBlanc Realty
Agency Phone: 218-281-7451
3520 12th Avenue S | MLS# 7088951
This commercial property located at 3520 12th Avenue S, Minneapolis, MN 55407 is currently listed for sale with an asking price of $2,425,000. 12th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on www.leblancrealty.com today.