Log In/Sign Up
Your email has been sent.
3521 12th Ave S 12 Unit Apartment Building $1,175,000 ($97,917/Unit) Minneapolis, MN 55407
Investment Highlights
- Strong rental demand within a stable residential submarket
- Mix of renovated and classic units provides immediate upside
- Recent upgrades include newer mechanicals, sewer piping, and interior improvements
- Part of the Minneapolis 4D program offering reduced tax burden
Executive Summary
3521 12th Ave S offers the opportunity to acquire an 11-unit multifamily property in the desirable Powderhorn Park neighborhood of South Minneapolis. The asset provides stable in-place cash flow with additional upside through continued unit renovations and rent growth. Recent improvements to mechanical systems and common areas, along with participation in the Minneapolis 4D program, contribute to lower operating costs and long-term performance potential.
Property Facts
| Price | $1,175,000 | Building Class | C |
| Price Per Unit | $97,917 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 9,876 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.01/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R5 | ||
| Price | $1,175,000 |
| Price Per Unit | $97,917 |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 9,876 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | R5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02-028-24-42-0076 | Improvements Assessment | $920,900 |
| Land Assessment | $129,100 | Total Assessment | $1,050,000 |
Property Taxes
Parcel Number
02-028-24-42-0076
Land Assessment
$129,100
Improvements Assessment
$920,900
Total Assessment
$1,050,000
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
3521 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.