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3010 20th Ave S 12 Unit Apartment Building $1,125,000 ($93,750/Unit) Minneapolis, MN 55407
Investment Highlights
- Located ~0.3 miles from Lake Street/Midtown light rail station
- Easy transit access to Downtown Minneapolis and MSP Airport
- Situated in a high-demand South Minneapolis rental submarket
Executive Summary
3010 20th Ave S presents an 11-unit multifamily investment in South Minneapolis offering stable in-place cash flow with clear value-add potential. The property features a uniform unit mix that simplifies management and underwriting, with proven rental demand driven by its location near the Lake Street/Midtown light rail station. Recent capital improvements—including mechanical updates, new boiler and electrical panels, and unit renovations—position the asset for continued rent growth through strategic unit turns and operational efficiencies.
Property Facts
| Price | $1,125,000 | Building Class | C |
| Price Per Unit | $93,750 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 5,418 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2B - Multifamily Residential | ||
| Price | $1,125,000 |
| Price Per Unit | $93,750 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,418 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | R2B - Multifamily Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
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Exceptionally walkable
90/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 01-028-24-22-0014 | Improvements Assessment | $740,700 |
| Land Assessment | $110,300 | Total Assessment | $851,000 |
Property Taxes
Parcel Number
01-028-24-22-0014
Land Assessment
$110,300
Improvements Assessment
$740,700
Total Assessment
$851,000
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3010 20th Ave S