$1,250,000

3540 11th Avenue S, Minneapolis, MN 55407

6,300 sqft

Commercial Property
Built in 1960
7,841sqft lot
—— car garage
$198/sqft
Listed 1 month ago

Property Description

11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,250,000 ($113,636/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, tennis courts, playgrounds, and recreation center, the property sits in one of the most tenant-friendly locations in the submarket. Recent capital upgrades include newer windows, updated electric panels, a newer boiler, and many units renovated within the last few years. The property is part of the Minneapolis 4D program providing low taxes and has received numerous new appliances through energy efficiency programs. Stable in-place cash flow with a potential NOI of $94,185 and clear value-add upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more details.

Listing Status:: Active
Data Last Updated:: July 22, 2026 at 12:16PM
Listing Office:: Commercial Investors Group LLC : 612-598-0780
MLS ID:: 7088981

Heating: Boiler

General: Stone
Parking: Parking Lot

General: TwoBlock

Originating MLS: northstar
School District: Minneapolis
County: Hennepin

Zoning: 0202824310050
Current Use: Residential

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

Source: northstar

This listing courtesy of Commercial Investors Group LLC

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Principal & Interest $
Property Taxes $
Home Insurance $
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