3010 20th Avenue S, Minneapolis, MN 55407

• 7,344 sqft

Property Description

11-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,125,000 ($102,273/door). Just 0.3 miles from the Lake Street/Midtown Station light rail, tenants enjoy direct access to Downtown Minneapolis and MSP Airport without a car. The property has seen numerous capital upgrades including a newer boiler, updated electric panels, and energy efficient appliances, and is part of the Minneapolis 4D program providing low taxes and free energy efficiency upgrades. Many units have already been turned with real rent upside remaining on others, creating a clear path to growth on a simple, uniform unit mix that keeps operations straightforward and underwriting clean. Stable in-place cash flow with a potential NOI of $88,445 at a basis that still makes sense in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please referance OM for more information.

Listing Status:

Active

Data Last Updated:

July 22, 2026 at 7:18AM

Listing Office:

Commercial Investors Group LLC : 612-598-0780

MLS ID:

7088900

Interior

• Heating: Boiler

Exterior

• General: StoneStucco
• Parking: Parking LotPaved Lot

Construction

• General: TwoBlock

Location

• Originating MLS: northstar
• School District: Minneapolis
• County: Hennepin

Lot

• Zoning: 0102824220014
• Current Use: Residential

Utilities

• Utilities: Electric CommonElectric SeparateHeating CommonHot Water Common
• Water: City Water/Connected
• Sewer: City Sewer/Connected

Financial

• Source: northstar