About 3545 12th Avenue S
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.
Features of 3545 12th Avenue S
| MLS® # | 7088996 |
|---|---|
| Price | $1,275,000 |
| Acres | 0.21 |
| Year Built | 1962 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 3545 12th Avenue S |
|---|---|
| Area | 64 |
| Subdivision | Bloomington Ave Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55407 |
Amenities
| Utilities | Electric Common, Electric Separate, Heating Common, Hot Water Common |
|---|---|
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Aluminum Siding, Stone |
|---|
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 93 |
|---|---|
| Zoning | Residential-Single Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $7,590 |
Listing Details
| Office | Commercial Investors Group LLC |
|---|