3540 11TH AVENUE
3540 11th Avenue, Minneapolis, 55407, MN
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Price: $1,250,000
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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: 3540 11th Avenue
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Street: 3540 11th Avenue
Bathrooms: N/A
Year: 1960
Listing Brokerage: Commercial Investors Group LLC
DETAILS
11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,250,000 ($113,636/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, tennis courts, playgrounds, and recreation center, the property sits in one of the most tenant-friendly locations in the submarket. Recent capital upgrades include newer windows, updated electric panels, a newer boiler, and many units renovated within the last few years. The property is part of the Minneapolis 4D program providing low taxes and has received numerous new appliances through energy efficiency programs. Stable in-place cash flow with a potential NOI of $94,185 and clear value-add upside remaining on turns. 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
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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: 2100ft²
Unit Amenities:
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Heating System:
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- Boiler
LOT
Acres: N/A
Lot Size Dim.: 63.00 X 126.00
Longitude: 44.9383
Latitude: -93.2591
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2026
Tax annual amount: $8,318
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7914729
Listing Brokerage: Commercial Investors Group LLC
ID: 4927934
Published: June 08, 2026
Last Update: June 08, 2026
Views: 1
