3400 10th Ave S - Apartments FOR SALE


Minneapolis, MN 55407- Powderhorn Park
$1,275,000 USD
763-706-7901
3400 10th Ave S, Minneapolis, MN for Sale
$1,275,000 USD
Apartments - FOR SALE
1/2
null | Request Cap Rate

3400 10th Ave S
Minneapolis, MN 55407
Powderhorn Park


HIGHLIGHTS

  • Located across from Powderhorn Park, offering tenants exceptional recreational access
  • Strong walkability to public transit, neighborhood retail, and cultural amenities.
  • Participates in the Minneapolis 4D program, providing advantageous property tax savings
  • Recent capital improvements include a new boiler, water heater, and electrical updates

OVERVIEW

Situated in the heart of South Minneapolis’ Powderhorn Park neighborhood, 3400 10th Ave S offers a strong value-add multifamily investment opportunity. This 12-unit property is located directly across from Powderhorn Park, providing tenants immediate access to 66 acres of green space, trails, and recreational amenities. The building was constructed in 1966 and has undergone recent upgrades, including a newer parking lot, an updated boiler, and modernized electrical systems. Many of the units have been renovated, positioning the property for stable in-place income while allowing for continued upside through targeted improvements and rent growth.

FOR SALE DETAILS

PRICE

$1,275,000 USD

PRICE/SF

$173 USD /SF

# OF UNITS

12

PRICE/UNIT

$106,250

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1966

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,304 SF

ZONING

R2B

APN/PARCEL ID

02-028-24-31-0017

ASK ABOUT THIS PROPERTY

Forrest KalkCommercial Investors GroupMore Info
763-706-7901

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Forrest KalkCommercial Investors GroupMore Info
763-706-7901

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