3520 12TH AVENUE
3520 12th Avenue, Minneapolis, 55407, MN
-
Price: $2,425,000
-
Status type: For Sale
-
City: Minneapolis
-
Neighborhood: 64
Bedrooms: 0
Property Size :0
-
Listing Agent: NST26618,NST73453
-
Property type : Commercial Sale
-
Zip code: 55407
-
Street: 3520 12th Avenue
-
Street: 3520 12th Avenue
Bathrooms: N/A
Year: 1968
Listing Brokerage: Commercial Investors Group LLC
DETAILS
21-unit multifamily in Minneapolis's Powderhorn Park neighborhood offered at $2,425,000 ($115,476/door). This 1BR, 2BR, and studio building features on-site parking and shared laundry with current rents running below market, presenting immediate upside for a new owner. The most recent capital upgrade was a brand new roof in 2026, with newer mechanicals, a clean exterior, and numerous energy efficiency appliance upgrades through the Minneapolis 4D program which also keeps taxes low. Many units have already been remodeled with additional turns remaining, creating a clear and executable value-add path. Potential NOI of $193,648 with meaningful rent upside still on the table. Ideal for an operator or passive investor looking to deploy into a proven south Minneapolis value-add multifamily. 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.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
-
Basement Details: ,
Appliances Included:
-
EXTERIOR
Air Conditioning: N/A
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 4566ft²
Unit Amenities:
-
Heating System:
-
- Boiler
LOT
Acres: N/A
Lot Size Dim.: 152.90 X 122.00
Longitude: 44.9386
Latitude: -93.2579
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2026
Tax annual amount: $16,226
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7914702
Listing Brokerage: Commercial Investors Group LLC
ID: 4927922
Published: June 08, 2026
Last Update: June 08, 2026
Views: 1
