Property for Sale in Minneapolis
3033 15th S Avenue
Minneapolis, MN 55407
Property Details
Year Built
1971
Square Feet
5,368
Parking Features
Concrete
Zoning
Residential-Multi-Family
2026 Property Taxes
$2,330
School District
Minneapolis
County
Hennepin
Well-maintained 8-unit apartment building offering consistent in-place income and long-term ownership stability. Fully occupied with a mix of one-bedroom and studio units, generating over $100,000 / year in rental income. This property is enrolled in the Minneapolis 4D Affordable Housing Program, providing a significant property tax reduction and enhancing overall cash flow — an attractive feature for investors seeking reliable returns. Recent ownership has focused on maintaining a clean, functional property with stable tenancy, making this a true turnkey opportunity. Building features include coin-operated laundry, separate electric, and practical unit layouts that support consistent occupancy. Additional upside potential exists through continued rent optimization and operational efficiencies. Also available is the adjacent lot at 3037 15th Ave S, offering potential for future development, expanded amenities, or added income (buyer to verify). Ideal for investors seeking: Strong day-one cash flow, tax-advantaged ownership and a stabilized asset with operational upside. Consider purchasing the vacant lot that is available next door.
From Lake St. Go South on 15th Ave. Property is on the left.
Features
Utilities
Electric Separate,Heating Common,Hot Water Common
Cooling
Wall Unit(s)
Heating
Boiler,Hot Water,Radiator
Sewer
City Sewer/Connected
Water
Public
Additional Info
Includes
Gas Water Heater,Range,Refrigerator
Listed By
John Stiles of Peritus Real Estate
Listed
04/03/26 and last updated 04/03/26
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
