$775,000

3033 15th Avenue S, Minneapolis, MN 55407

  • 6 beds |
  • 8 baths |
  • 5,368 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1971
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $144/sqft
  • Property List Date Icon Listed 3 months ago

Property Description

Well-maintained 8-unit apartment building offering consistent in-place income and long-term ownership stability. Fully occupied with a mix of one-bedroom and studio units, generating over $100,000 / year in rental income. This property is enrolled in the Minneapolis 4D Affordable Housing Program, providing a significant property tax reduction and enhancing overall cash flow — an attractive feature for investors seeking reliable returns. Recent ownership has focused on maintaining a clean, functional property with stable tenancy, making this a true turnkey opportunity. Building features include coin-operated laundry, separate electric, and practical unit layouts that support consistent occupancy. Additional upside potential exists through continued rent optimization and operational efficiencies. Ideal for investors seeking: Strong day-one cash flow, tax-advantaged ownership and a stabilized asset with operational upside.

Listing Status:
Active
Data Last Updated:
July 22, 2026 at 6:16AM
Listing Office:
Peritus Real Estate : 612-554-7794
MLS ID:
7049047
  • Appliances: Gas Water HeaterRangeRefrigerator
  • Basement: None
  • Flooring: CarpetLuxury Vinyl Plank
  • A/C: Wall Unit(s)
  • Heating: BoilerHot WaterRadiator
  • General: Stucco
  • Parking: Concrete
  • Roofing: FlatRubber
  • General: TwoBlock
  • Road/Access: City Street
  • Originating MLS: northstar
  • School District: Minneapolis
  • County: Hennepin
  • Zoning: 0202824120153
  • Fencing: Chain Link
  • Current Use: Residential
  • Utilities: Electric SeparateHeating CommonHot Water Common
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected
  • Source: northstar

This listing courtesy of Peritus Real Estate

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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