About 3520 12th Avenue S
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.
Features of 3520 12th Avenue S
| MLS® # | 7088951 |
|---|---|
| Price | $2,425,000 |
| Acres | 0.43 |
| Year Built | 1968 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 3520 12th Avenue S |
|---|---|
| Area | 64 |
| Subdivision | Maben & Whites Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55407 |
Amenities
| Utilities | Electric Common, Electric Separate, Heating Common, Hot Water Common |
|---|---|
| Parking | Parking Lot, Paved Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Stone, Vinyl |
|---|
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 93 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $16,226 |
Listing Details
| Office | Commercial Investors Group LLC |
|---|