Property for Sale in Minneapolis
3520 12th S Avenue
Minneapolis, MN 55407
Property Details
Year Built
1968
Square Feet
13,700
Parking Features
Parking Lot,Paved Lot
Zoning
Residential-Multi-Family
2026 Property Taxes
$16,226
School District
Minneapolis
County
Hennepin
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.
From I-35W, take the 35th Street exit and head east, then turn left on 12th Avenue South and proceed north to 3520 12th Ave S 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.
