3343 15TH AVENUE
3343 15th Avenue, Minneapolis, 55407, MN
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Price: $580,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: 64
Bedrooms: 7
Property Size :0
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Listing Agent: NST1001771,NST102962
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Property type : Commercial Sale
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Zip code: 55407
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Street: 3343 15th Avenue
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Street: 3343 15th Avenue
Bathrooms: 5
Year: 1905
Listing Brokerage: Matthews Real Estate Investment Solutions
DETAILS
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.
INTERIOR
Bedrooms: 7
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: 5
Above Ground Living: N/A
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Basement Details: ,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: 2
Construction Materials: N/A
Foundation Size: 1443ft²
Unit Amenities:
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Heating System:
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- Boiler
LOT
Acres: N/A
Lot Size Dim.: 39x123
Longitude: 44.9416
Latitude: -93.2534
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $9,343
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7920055
Listing Brokerage: Matthews Real Estate Investment Solutions
ID: 4966617
Published: June 16, 2026
Last Update: June 16, 2026
Views: 1
