Property for Sale in Minneapolis
3010 20th S Avenue
Minneapolis, MN 55407
Property Details
Year Built
1960
Square Feet
7,344
Parking Features
Parking Lot,Paved Lot
Zoning
Residential-Multi-Family
2026 Property Taxes
$3,294
School District
Minneapolis
County
Hennepin
11-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,125,000 ($102,273/door). Just 0.3 miles from the Lake Street/Midtown Station light rail, tenants enjoy direct access to Downtown Minneapolis and MSP Airport without a car. The property has seen numerous capital upgrades including a newer boiler, updated electric panels, and energy efficient appliances, and is part of the Minneapolis 4D program providing low taxes and free energy efficiency upgrades. Many units have already been turned with real rent upside remaining on others, creating a clear path to growth on a simple, uniform unit mix that keeps operations straightforward and underwriting clean. Stable in-place cash flow with a potential NOI of $88,445 at a basis that still makes sense in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please referance OM for more information.
take I-35, then exit at Riverside Avenue and head south on Chicago Avenue, turning right on 20th Avenue South to arrive at 3010 20th Avenue South on your left.
Features
Utilities
Electric Common,Electric Separate,Heating Common,Hot Water Common
Heating
Boiler
Sewer
City Sewer/Connected
Water
Public
Foundation
Block
Additional Info
Listed By
Mike Sowers of Commercial Investors Group LLC
Listed
06/08/26 and last updated 06/08/26
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.
