Back to search
3520 12th Avenue S Minneapolis, MN $ 2,425,000
Share Save
$ 2,425,000 Get more info
3520 12th Avenue S
$ 2,425,000
Back to search
Share Save

3520 12th Avenue S

Minneapolis, MN, 55407
$ 2,425,000
Bedrooms-- Baths-- Sq 13,700

Monthly Estimate*

$ 16,749

3520 12th Avenue S, Minneapolis, MN 55407 - Image 1
3520 12th Avenue S, Minneapolis, MN 55407 - Image 2
3520 12th Avenue S, Minneapolis, MN 55407 - Image 3
3520 12th Avenue S, Minneapolis, MN 55407 - Image 4
3520 12th Avenue S, Minneapolis, MN 55407 - Image 5
3520 12th Avenue S, Minneapolis, MN 55407 - Image 6
3520 12th Avenue S, Minneapolis, MN 55407 - Image 7
3520 12th Avenue S, Minneapolis, MN 55407 - Image 8
3520 12th Avenue S, Minneapolis, MN 55407 - Image 9
3520 12th Avenue S, Minneapolis, MN 55407 - Image 10

Commercial Property for sale in Minneapolis, MN

for $2,425,000. This 13,700 square foot building was built in 1968 on a lot size of 0.43.

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.

See more
Commercial Active

Price

$ 2,425,000

Property Type

Commercial

Taxes

$ 16,225

Style

Lot Size

0.43

Year Built

1968

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7088951
Features
General
Sewer City Sewer/Connected
Heating Boiler
Utilities Electric Common Electric Separate Heating Common Hot Water Common
Garage Spaces 0
Year Built 1968
Levels Two
Tax Year 2026
Current Use Residential
Gross Income 295800
Accessibility None
County Hennepin
Net Operating Income 193648
Operating Expense 94387
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Maben & Whites Add
Directions From I-35W take the 35th Street exit and head east then turn left on 12th Avenue South and proceed north to 3520 12th Ave S on your left.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 21
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 16225.53
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
See more
Exterior
Parking Features Parking Lot Paved Lot
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Land Rental License
Lot Size Area 0.43
Building Area Total 13700
Lot Dimensions 152.90 X 122.00
Waterfront Y/N N
Foundation Area 4566
See more
Interior
Basement (Y/N) N
Fuel Electric Natural Gas
See more
Internal Only
Street Number 1 3520
See more
* Excluded Features
List By
Commercial Investors Group Llc

Broker

mike@commercialinvestorsgroup.com

Email

Affordability Calculator

$18,101
Per Month
93%
7%
0%
Monthly Principal & Interest
$16,749
Monthly Property Taxes
$1,352
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save

Discover how much house you can afford

Your dream home may be within reach.

Learn More about how to save

The time to sell is now
THE TIME TO SELL IS NOW! What's my home worth?
Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
6/8/2026$2,425,000 Listed Price

Map

More homes like this one

homes for you

See all
See all

3520 12th Avenue S, Minneapolis, MN, 55407 is a Commercial Property for sale at $2,425,000 with 13,700 sqft and a lot size of 0.43. 3520 12th Avenue S was built in 1968. The property's zip code is 55407 which is in Minneapolis, MN

Get more info