3520 12th Ave S - Apartments FOR SALE


Minneapolis, MN 55407- Powderhorn Park
$2,425,000 USD
763-706-7901
3520 12th Ave S, Minneapolis, MN for Sale
$2,425,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

3520 12th Ave S
Minneapolis, MN 55407
Powderhorn Park


HIGHLIGHTS

  • Less than one block from Powderhorn Park with lake, athletic fields, and recreation facilities.
  • Located 1.2 miles from Abbott Northwestern Hospital and near major transit corridors.
  • 21-unit multifamily property with value-add potential in a walkable neighborhood.
  • Offers on-site parking and shared laundry facilities for tenant convenience.

OVERVIEW

This 21-unit multifamily property in Minneapolis’ Powderhorn Park neighborhood represents a strong value-add investment opportunity. The property features a mix of one- and two-bedroom units, as well as a studio, delivering functional layouts in a well-located residential setting. Recent capital improvements include a new roof in 2026, updates to mechanical systems, and multiple unit renovations, with additional upside potential still available. On-site parking and shared laundry facilities offer added convenience for tenants.

FOR SALE DETAILS

PRICE

$2,425,000 USD

PRICE/SF

$136 USD /SF

# OF UNITS

24

PRICE/UNIT

$101,042

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

3

YEAR BUILT

1968

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,665 SF

ZONING

R5

APN/PARCEL ID

02-028-24-31-0030

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.