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3540 11th Ave S 9 Unit Apartment Building $1,250,000 ($138,889/Unit) Minneapolis, MN 55407
Investment Highlights
- Located in the Powderhorn Park neighborhood, less than a block from a 66-acre park
- Strong tenant appeal with proximity to green space, recreation, and neighborhood amenities
- Participation in Minneapolis 4D program helping to keep operating costs lower
- Recent upgrades include windows, electrical panels, boiler, and renovated units
Executive Summary
3540 11th Ave S presents an opportunity to acquire an 11-unit multifamily asset in South Minneapolis’ Powderhorn Park neighborhood, offered at $1,250,000. The property provides stable in-place cash flow with additional value-add potential through continued unit renovations and rent growth. Recent capital improvements, including updated windows, electrical panels, boiler, and interior unit upgrades, support operational stability while offering further upside for investors
Property Facts
| Price | $1,250,000 | Building Class | C |
| Price Per Unit | $138,889 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 10,341 SF |
| No. Units | 9 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.97/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2B - multifamily residential | ||
| Price | $1,250,000 |
| Price Per Unit | $138,889 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 10,341 SF |
| No. Stories | 3 |
| Year Built | 1960 |
| Parking Ratio | 0.97/1,000 SF |
| Zoning | R2B - multifamily residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | - |
1 1
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02-028-24-31-0050 | Improvements Assessment | $939,100 |
| Land Assessment | $110,900 | Total Assessment | $1,050,000 |
Property Taxes
Parcel Number
02-028-24-31-0050
Land Assessment
$110,900
Improvements Assessment
$939,100
Total Assessment
$1,050,000
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3540 11th Ave S
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