3010 20th Ave S - Apartments FOR SALE


Minneapolis, MN 55407- Corcoran
$1,125,000 USD
612-208-8005
3010 20th Ave S, Minneapolis, MN for Sale
$1,125,000 USD
Apartments - FOR SALE
1/8
null | 7.86% Cap Rate

3010 20th Ave S
Minneapolis, MN 55407
Corcoran


HIGHLIGHTS

  • Located ~0.3 miles from Lake Street/Midtown light rail station
  • Situated in a high-demand South Minneapolis rental submarket
  • Easy transit access to Downtown Minneapolis and MSP Airport

OVERVIEW

3010 20th Ave S presents an 11-unit multifamily investment in South Minneapolis offering stable in-place cash flow with clear value-add potential. The property features a uniform unit mix that simplifies management and underwriting, with proven rental demand driven by its location near the Lake Street/Midtown light rail station. Recent capital improvements—including mechanical updates, new boiler and electrical panels, and unit renovations—position the asset for continued rent growth through strategic unit turns and operational efficiencies.

FOR SALE DETAILS

PRICE

$1,125,000 USD

PRICE/SF

$208 USD /SF

# OF UNITS

11

PRICE/UNIT

$102,273

CAP RATE

7.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,876 SF

ZONING

R2B

APN/PARCEL ID

01-028-24-22-0014

ASK ABOUT THIS PROPERTY

Mike SowersCommercial Investors GroupMore Info
612-208-8005

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Mike SowersCommercial Investors GroupMore Info
612-208-8005

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.