3540 11th Ave S - Apartments FOR SALE


Minneapolis, MN 55407- Powderhorn Park
$1,250,000 USD
763-706-7901
3540 11th Ave S, Minneapolis, MN for Sale
$1,250,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

3540 11th Ave S
Minneapolis, MN 55407
Powderhorn Park


HIGHLIGHTS

  • Located in the Powderhorn Park neighborhood, less than a block from a 66-acre park
  • Participation in Minneapolis 4D program helping to keep operating costs lower
  • Strong tenant appeal with proximity to green space, recreation, and neighborhood amenities
  • Recent upgrades include windows, electrical panels, boiler, and renovated units

OVERVIEW

3540 11th Ave S presents an opportunity to acquire an 11-unit multifamily asset in South Minneapolis’ Powderhorn Park neighborhood, offered at $1,250,000. The property provides stable in-place cash flow with additional value-add potential through continued unit renovations and rent growth. Recent capital improvements, including updated windows, electrical panels, boiler, and interior unit upgrades, support operational stability while offering further upside for investors

FOR SALE DETAILS

PRICE

$1,250,000 USD

PRICE/SF

$121 USD /SF

# OF UNITS

9

PRICE/UNIT

$138,889

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

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.18 AC

LAND SF

7,937 SF

ZONING

R2B

APN/PARCEL ID

02-028-24-31-0050

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.