13,700 sqft

$2,425,000

3520 12th Avenue S, Minneapolis MN, 55407

Price per sqft$177.01

Built in1968

Property size13,700 sqft

Property typeCommercial

Courtesy of Commercial Investors Group LLC, Mike Sowers Listing Contact:

Overview

Active

Listed Jun 8, 2026

Updated 3 weeks ago

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.

Other Property Details

Taxes: $16,226
Tax Frequency: Annually

Listings courtesy of Northstar MLS as distributed by MLS GRID

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