5-Unit Apartment Building with
New
For Sale
$695,000
3053 15th Avenue S, Minneapolis, MN 55407
Commercial Sale, Minneapolis, MN
Property SizeContact for details
Lot Size0.17 Acres
Days on Market5
Property Features for 3053 15th Avenue S
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Business/Commercial
Bedrooms
10
Bathrooms
4
Full bathrooms
4
Rooms
Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 6, Bedroom 10, Bedroom 9, Bedroom 5, Bathroom 4, Bedroom 7, Bedroom 8, Bedroom 4, Bedroom 2
Parking features
Garage - Detached
Appliances
Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
Williams Add
High school district
Minneapolis
Directions
Lake St to 15th Ave, south to property
Standard status
Active
APN
0202824120148
Lot size
0.17 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
10791
Utilities
Heating system
Oil, Forced Air
Building Details
Year built
1910
Listing Agency:
Keller Williams Classic Realty · Keller Williams Realty
Listed By:
Han Zhong
(763) 746-4900
Added: Oct 15
Last Checked: Oct 19 at 10:06PM
MLS# 7160639
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 1910 apartment building contains five units and a detached five-car garage on a 0.17-acre lot. Unit 1 is vacant and available for showings; Units 2, 3, and 4 are month-to-month, while Unit 5 is leased. The property includes a range, refrigerator, microwave, washer, and dryer, with oil and forced-air heating.
The property is located at 3053 15th Avenue S in Minneapolis. Its estimated gross rental yield is approximately 12.02% before taxes, insurance, maintenance, utilities, vacancy, management, financing, and other operating expenses.
The property is located at 3053 15th Avenue S in Minneapolis. Its estimated gross rental yield is approximately 12.02% before taxes, insurance, maintenance, utilities, vacancy, management, financing, and other operating expenses.
Key Highlights
- Five‑unit apartment building with a detached five‑car garage
- Unit 1 is vacant for showings; Units 2, 3, and 4 are month‑to‑month, and Unit 5 is leased
- Approximately 12.02% estimated gross rental yield before operating expenses
Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
2,721
Businesses Nearby
Explore this area
Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Five apartments have varied leasing status, with one unit vacant for showings and a detached garage on site.
Where is this apartment building located?
The property is located at 3053 15th Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Five‑unit apartment building with a detached five‑car garage; Unit 1 is vacant for showings; Units 2, 3, and 4 are month‑to‑month, and Unit 5 is leased; Approximately 12.02% estimated gross rental yield before operating expenses
