3545 12TH AVENUE
3545 12th Avenue, Minneapolis, 55407, MN
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Price: $1,275,000
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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: 3545 12th Avenue
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Street: 3545 12th Avenue
Bathrooms: N/A
Year: 1962
Listing Brokerage: Commercial Investors Group LLC
DETAILS
11-unit multifamily in Minneapolis's Corcoran neighborhood offered at $1,275,000 ($113,636/door). The property features a desirable mixed unit mix of 6 two-bedroom and 5 one-bedroom units with market rents of $1,400 and $1,100 respectively, delivering broad renter appeal in a stable primarily residential submarket with strong transit connectivity and consistent tenant demand. Recent capital upgrades include a brand new parking lot in 2025, newer boiler, updated water heaters, and numerous new appliances through energy efficiency programs in 2026. The property is part of the Minneapolis 4D program keeping taxes low. Some units have already been turned with additional value-add upside remaining, all on top of stable in-place cash flow and a potential NOI of $100,377. 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: 3283ft²
Unit Amenities:
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Heating System:
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- Boiler
LOT
Acres: N/A
Lot Size Dim.: 75 X 123
Longitude: 44.9379
Latitude: -93.2571
Zoning: Residential-Single Family
FINANCIAL & TAXES
Tax year: 2026
Tax annual amount: $7,590
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7914742
Listing Brokerage: Commercial Investors Group LLC
ID: 4927927
Published: June 08, 2026
Last Update: June 08, 2026
Views: 1
