5-Unit Apartment Building with
3053 15th Avenue S, Minneapolis, MN 55407
For Sale
$695,000
Commercial Sale, Minneapolis, MN
Property SizeContact for details
Lot Size0.17 Acres
Days on Market29
Property Features for 3053 15th Avenue S
General Information
Property type
Property subtype
Zoning description
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking features
Appliances
Subdivision
High school district
Directions
Standard status
APN
Lot size
Additional Details
Tenant in Place
Taxes and HOA fees
Tax Year
Tax Annual Amount
Utilities
Heating system
Building Details
Year built
Buildings
Listing Agency:
Keller Williams Classic Realty · Keller Williams Realty
Listed By:
Han Zhong
(763) 746-4900
Added: Oct 15
Changed: Nov 11
Last Checked: Nov 12 at 6:06AM
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.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This five-unit apartment building dates to 1910 and sits on a 0.17-acre lot. A detached garage provides space for five cars. Heating is forced air, and listed appliances include a washer, dryer, range, refrigerator, and microwave.
Unit 1 is vacant for showing. Units 2, 3, and 4 are on month-to-month arrangements, while Unit 5 is leased. The estimated gross rental yield is approximately 12.02% before operating expenses.
Unit 1 is vacant for showing. Units 2, 3, and 4 are on month-to-month arrangements, while Unit 5 is leased. The estimated gross rental yield is approximately 12.02% before operating expenses.
Key Highlights
- Five‑unit apartment building on a 0.17‑acre lot
- Detached garage with five‑car capacity
- Unit 1 vacant for showing; Units 2, 3, and 4 month‑to‑month; Unit 5 leased
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
$317,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Apartment buildings in Minneapolis, MN
Properties on Market for Apartment buildings in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - A detached five-car garage serves the property, with one apartment vacant for showing.
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 on a 0.17‑acre lot; Detached garage with five‑car capacity; Unit 1 vacant for showing; Units 2, 3, and 4 month‑to‑month; Unit 5 leased
