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3545 12th Ave S 3545 12th Ave S 16 Unit Apartment Building $1,275,000 ($79,688/Unit) Minneapolis, MN 55407
Investment Highlights
- Strong, stable tenant demand within a primarily residential submarket
- Recent improvements include newer boiler, water heaters, and energy-related upgrades
- Located in the Corcoran neighborhood of South Minneapolis
- Part of the Minneapolis 4D program, supporting lower operating costs
Executive Summary
3545 12th Ave S presents an opportunity to acquire an 11-unit multifamily asset in the Corcoran neighborhood of South Minneapolis, offered at $1,275,000. The property delivers stable in-place cash flow with a mix of renovated units and operational upside through continued unit turns and rent growth. Recent capital improvements, including a newer boiler, water heaters, and a newly paved parking lot, position the asset for long-term performance while maintaining tenant appeal in a steady rental submarket
Property Facts
| Price | $1,275,000 | Building Class | C |
| Price Per Unit | $79,688 | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 12,171 SF |
| No. Units | 16 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1962 |
| Property Subtype | Apartment | Parking Ratio | 0.41/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R5 - Residential Multifamily | ||
| Price | $1,275,000 |
| Price Per Unit | $79,688 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 12,171 SF |
| No. Stories | 3 |
| Year Built | 1962 |
| Parking Ratio | 0.41/1,000 SF |
| Zoning | R5 - Residential Multifamily |
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Range
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 700 |
| 2+1 | 8 | - | 900 |
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Moderately walkable
70/100
Moderately drivable
60/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02-028-24-42-0090 | Improvements Assessment | $1,054,100 |
| Land Assessment | $128,900 | Total Assessment | $1,183,000 |
Property Taxes
Parcel Number
02-028-24-42-0090
Land Assessment
$128,900
Improvements Assessment
$1,054,100
Total Assessment
$1,183,000
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3545 12th Ave S | 3545 12th Ave S