Property for Sale in Minneapolis
3010 20th S Avenue
Minneapolis, MN 55407

Price
$1,125,000

MLS #
7088900

Status
Active


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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.


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

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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.

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