Property for Sale in Minneapolis
3540 11th S Avenue
Minneapolis, MN 55407

Price
$1,250,000

MLS #
7088981

Status
Active


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Property Details

Year Built
1960

Square Feet
6,300

Parking Features
Parking Lot

Zoning
Residential-Multi-Family

2026 Property Taxes
$8,318

School District
Minneapolis

County
Hennepin


11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,250,000 ($113,636/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, tennis courts, playgrounds, and recreation center, the property sits in one of the most tenant-friendly locations in the submarket. Recent capital upgrades include newer windows, updated electric panels, a newer boiler, and many units renovated within the last few years. The property is part of the Minneapolis 4D program providing low taxes and has received numerous new appliances through energy efficiency programs. Stable in-place cash flow with a potential NOI of $94,185 and clear value-add upside remaining on turns. 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 11th Avenue South and proceed north to 3540 11th Ave S on your left.


From I-35W, take the 35th Street exit and head east, then turn left on 11th Avenue South and proceed north to 3540 11th 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

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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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