Property for Sale in Minneapolis
3343 15th S Avenue
Minneapolis, MN 55407

Price
$580,000

MLS #
7093995

Status
Active


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Property Details

Year Built
1905

Parking Features
Detached Garage

Zoning
Residential-Multi-Family

2025 Property Taxes
$9,343

School District
Minneapolis

County
Hennepin


3343 15th Avenue South is a classic up-down five-unit apartment building built in 1905 and ideally positioned directly across from Powderhorn Park, the Powderhorn Park Recreation Center, public pool, and adjacent parking lot. Located in a proven rental corridor of South Minneapolis, the property features spacious units with hardwood floors, high ceilings, strong natural light, and a history of consistent occupancy. Well-maintained through attentive ownership and professional management, the property has benefited from consistent care and investment over time. The asset generates attractive current cash flow while offering significant value-add potential through improved operational efficiencies. Offered at $580,000 with a pro forma cap rate of 8.6%, the property presents an excellent opportunity for a first-time investor or owner-operator seeking a well-located multifamily asset with stable income, strong rental demand, and substantial upside potential in one of Minneapolis' most established neighborhoods.


From intersection of Lake Street and Bloomington Ave, Head south and take right on 34th St. Go to 15 Ave and take right. Property is on the right.


From intersection of Lake Street and Bloomington Ave, Head south and take right on 34th St. Go to 15 Ave and take right. Property is on the right.

Features


Utilities
Electric Separate

Heating
Boiler

Sewer
City Sewer/Connected

Water
Public

Lot Size
39x123

Foundation
Brick/Mortar

Additional Info


Listed By
Kurt Sauer of Matthews Real Estate Investment Solution

Listed
05/29/26 and last updated 06/16/26

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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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