Log In/Sign Up
Your email has been sent.
3520 12th Ave S 24 Unit Apartment Building $2,425,000 ($101,042/Unit) Minneapolis, MN 55407
Investment Highlights
- Less than one block from Powderhorn Park with lake, athletic fields, and recreation facilities.
- 21-unit multifamily property with value-add potential in a walkable neighborhood.
- Located 1.2 miles from Abbott Northwestern Hospital and near major transit corridors.
- Offers on-site parking and shared laundry facilities for tenant convenience.
Executive Summary
This 21-unit multifamily property in Minneapolis’ Powderhorn Park neighborhood represents a strong value-add investment opportunity. The property features a mix of one- and two-bedroom units, as well as a studio, delivering functional layouts in a well-located residential setting. Recent capital improvements include a new roof in 2026, updates to mechanical systems, and multiple unit renovations, with additional upside potential still available. On-site parking and shared laundry facilities offer added convenience for tenants.
Property Facts
| Price | $2,425,000 | Building Class | C |
| Price Per Unit | $101,042 | Lot Size | 0.43 AC |
| Sale Type | Investment | Building Size | 17,889 SF |
| No. Units | 24 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 1.68/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R5 - Residential – Multi-Family | ||
| Price | $2,425,000 |
| Price Per Unit | $101,042 |
| Sale Type | Investment |
| No. Units | 24 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.43 AC |
| Building Size | 17,889 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 1.68/1,000 SF |
| Zoning | R5 - Residential – Multi-Family |
Amenities
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02-028-24-31-0030 | Improvements Assessment | $1,909,600 |
| Land Assessment | $262,400 | Total Assessment | $2,172,000 |
Property Taxes
Parcel Number
02-028-24-31-0030
Land Assessment
$262,400
Improvements Assessment
$1,909,600
Total Assessment
$2,172,000
1 of 6
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3520 12th Ave S
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.