3521 12TH AVENUE
3521 12th Avenue, Minneapolis, 55407, MN
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Price: $1,175,000
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Status type: For Sale
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City: Minneapolis
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Neighborhood: 64
Bedrooms: 0
Property Size :0
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Listing Agent: NST26618,NST73453
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Property type : Commercial Sale
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Zip code: 55407
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Street: 3521 12th Avenue
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Street: 3521 12th Avenue
Bathrooms: N/A
Year: 1963
Listing Brokerage: Commercial Investors Group LLC
DETAILS
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.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
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Basement Details: ,
Appliances Included:
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EXTERIOR
Air Conditioning: N/A
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 3190ft²
Unit Amenities:
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Heating System:
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- Boiler
LOT
Acres: N/A
Lot Size Dim.: 75 X 123
Longitude: 44.9388
Latitude: -93.2571
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2026
Tax annual amount: $5,471
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7914710
Listing Brokerage: Commercial Investors Group LLC
ID: 4927937
Published: June 08, 2026
Last Update: June 08, 2026
Views: 1
