3520 12th AVE S, Minneapolis, MN 55407
3520 12th AVE S, Minneapolis, MN 55407
3520 12th AVE S, Minneapolis, MN 55407
3520 12th AVE S, Minneapolis, MN 55407
3520 12th AVE S, Minneapolis, MN 55407
3520 12th AVE S, Minneapolis, MN 55407
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Joe Mack

Joe Mack

+1(952) 484-7071
$ 2,425,000
Est. payment | /mo

0.43 Acres Lot

Save
$ 2,425,000
Est. payment | /mo
Save

0.43 Acres Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Maben & Whites Add

MLS Listing ID 7088951

Year Built 1968

Annual Tax Amount $16,225

Tax Year 2026

Contingent None

Lot Size 0.430 Acres

Lot Dimensions 152.90 X 122.00

Property Description

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.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Boiler

Inclusions Building, Fixture/Equipment, Land, Rental License

Fireplace No

Exterior

Parking Features Parking Lot, Paved Lot

Utilities Available Electric Common, Electric Separate, Heating Common, Hot Water Common

Present Use Residential

Building

Story Two

Foundation 4566

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Listed by Mike Sowers • Commercial Investors Group LLC
Nearby Locations
Joe Mack

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(952) 484-7071

joemackrealestate@gmail.com

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3520 12th AVE S