Property for Sale in Minneapolis
3545 12th S Avenue
Minneapolis, MN 55407

Price
$1,275,000

MLS #
7088996

Status
Active


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Property Details

Year Built
1962

Square Feet
9,849

Parking Features
Parking Lot

Zoning
Residential-Single Family

2026 Property Taxes
$7,590

School District
Minneapolis

County
Hennepin


11-unit multifamily in Minneapolis's Corcoran neighborhood offered at $1,275,000 ($113,636/door). The property features a desirable mixed unit mix of 6 two-bedroom and 5 one-bedroom units with market rents of $1,400 and $1,100 respectively, delivering broad renter appeal in a stable primarily residential submarket with strong transit connectivity and consistent tenant demand. Recent capital upgrades include a brand new parking lot in 2025, newer boiler, updated water heaters, and numerous new appliances through energy efficiency programs in 2026. The property is part of the Minneapolis 4D program keeping taxes low. Some units have already been turned with additional value-add upside remaining, all on top of stable in-place cash flow and a potential NOI of $100,377. 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 right on 12th Avenue South and proceed south to 3545 12th Ave S on your left.


From I-35W, take the 35th Street exit and head east, then turn right on 12th Avenue South and proceed south to 3545 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

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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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