3540 11th AVE S, Minneapolis, MN 55407
3540 11th AVE S, Minneapolis, MN 55407
3540 11th AVE S, Minneapolis, MN 55407
3540 11th AVE S, Minneapolis, MN 55407
3540 11th AVE S, Minneapolis, MN 55407
3540 11th AVE S, Minneapolis, MN 55407
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Mary Sullivan

Mary Sullivan

+1(651) 235-9298
$ 1,250,000
Est. payment | /mo

7,840 Sqft Lot

Save
$ 1,250,000
Est. payment | /mo
Save

7,840 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Maben & Whites Add

MLS Listing ID 7088981

Year Built 1960

Annual Tax Amount $8,318

Tax Year 2026

Contingent None

Lot Size 7,840 Sqft

Lot Dimensions 63.00 X 126.00

Property Description

11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,250,000 ($113,636/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, tennis courts, playgrounds, and recreation center, the property sits in one of the most tenant-friendly locations in the submarket. Recent capital upgrades include newer windows, updated electric panels, a newer boiler, and many units renovated within the last few years. The property is part of the Minneapolis 4D program providing low taxes and has received numerous new appliances through energy efficiency programs. Stable in-place cash flow with a potential NOI of $94,185 and clear value-add upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more details.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Boiler

Inclusions Building, Fixture/Equipment, Land, Leases

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electric Common, Electric Separate, Heating Common, Hot Water Common

Present Use Residential

Building

Story Two

Foundation 2100

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Listed by Mike Sowers • Commercial Investors Group LLC

Schools and Properties Nearby

Mary Sullivan

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(651) 235-9298

marysullivan1@me.com

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3540 11th AVE S