9,570 sqft

$1,175,000

3521 12th Avenue S, Minneapolis MN, 55407

Price per sqft$122.78

Built in1963

Property size9,570 sqft

Property typeCommercial

Courtesy of Commercial Investors Group LLC, Mike Sowers Listing Contact:

Overview

Active

Listed Jun 8, 2026

Updated Aug 27

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.

Other Property Details

Taxes: $5,471
Tax Frequency: Annually

Listings courtesy of Northstar MLS as distributed by MLS GRID

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