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3521 12th Avenue S Minneapolis, MN $ 1,175,000
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$ 1,175,000 Get more info
3521 12th Avenue S
$ 1,175,000
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3521 12th Avenue S

Minneapolis, MN, 55407
$ 1,175,000
Bedrooms-- Baths-- Sq 9,570

Monthly Estimate*

$ 8,115

3521 12th Avenue S, Minneapolis, MN 55407 - Image 1
3521 12th Avenue S, Minneapolis, MN 55407 - Image 2

Commercial Property for sale in Minneapolis, MN

for $1,175,000. This 9,570 square foot building was built in 1963 on a lot size of 0.21.

11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,175,000 ($106,818/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, athletic fields, and recreation center, the property sits in one of the strongest rental locations in the submarket. Recent capital upgrades include a newer water heater and mechanicals, new sewer piping, and new LVP flooring in the lower level. Many units have been renovated with additional upside remaining on long term tenant turns. The property carries a very low tax base as part of the Minneapolis 4D program. Potential NOI of $94,017 with stable in-place cash flow and a straightforward value-add path on turns at a basis that still pencils in today's market. 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.

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Commercial Active

Price

$ 1,175,000

Property Type

Commercial

Taxes

$ 5,471

Style

Lot Size

0.21

Year Built

1963

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7088960
Features
General
Sewer City Sewer/Connected
Heating Boiler
Utilities Electric Common Electric Separate Heating Common Hot Water Common
Garage Spaces 0
Year Built 1963
Levels Two
Tax Year 2026
Current Use Residential
Gross Income 145200
Accessibility None
County Hennepin
Net Operating Income 94017
Operating Expense 46127
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Bloomington Ave Add
Directions From I-35W take the 35th Street exit and head east then turn left on 12th Avenue South and proceed north to 3521 12th Ave S on your right.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 11
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 5471.46
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features Parking Lot
Water Source City Water/Connected
Inclusions Building Fixture/Equipment Land Rental License
Lot Size Area 0.21
Building Area Total 9570
Lot Dimensions 75 X 123
Waterfront Y/N N
Foundation Area 3190
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Interior
Basement (Y/N) N
Fuel Electric Natural Gas
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Internal Only
Street Number 1 3521
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* Excluded Features
List By
Commercial Investors Group Llc

Broker

mike@commercialinvestorsgroup.com

Email

Affordability Calculator

$8,571
Per Month
95%
5%
0%
Monthly Principal & Interest
$8,115
Monthly Property Taxes
$456
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.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
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Pricing History
DatePricePrice ChangeDescription
6/8/2026$1,175,000 Listed Price

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3521 12th Avenue S, Minneapolis, MN, 55407 is a Commercial Property for sale at $1,175,000 with 9,570 sqft and a lot size of 0.21. 3521 12th Avenue S was built in 1963. The property's zip code is 55407 which is in Minneapolis, MN

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