Property for Sale in Minneapolis
3521 12th S Avenue
Minneapolis, MN 55407
Property Details
Year Built
1963
Square Feet
9,570
Parking Features
Parking Lot
Zoning
Residential-Multi-Family
2026 Property Taxes
$5,471
School District
Minneapolis
County
Hennepin
11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,175,000 ($106,818/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, athletic fields, and recreation center, the property sits in one of the strongest rental locations in the submarket. Recent capital upgrades include a newer water heater and mechanicals, new sewer piping, and new LVP flooring in the lower level. Many units have been renovated with additional upside remaining on long term tenant turns. The property carries a very low tax base as part of the Minneapolis 4D program. Potential NOI of $94,017 with stable in-place cash flow and a straightforward value-add path on turns at a basis that still pencils in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more information.
From I-35W, take the 35th Street exit and head east, then turn left on 12th Avenue South and proceed north to 3521 12th Ave S on your right.
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.
