3520 12th Avenue S, Minneapolis, MN 55407

Listing office Commercial Investors Group LLC Show Phone

Listing date Jun 8, 2026

Source Exprealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Commercial Investors Group LLC

Report an issue

---

Overview

This 21-unit apartment building offers a mix of studios, 1-bedroom, and 2-bedroom units. The property includes on-site parking and shared laundry, supporting everyday resident needs. Per the seller, the most recent capital upgrade was a brand-new roof installed in 2026, along with newer mechanicals and a clean exterior. The building has also undergone multiple appliance and energy-efficiency improvements through the Minneapolis 4D program, and many units have already been remodeled, with additional turns remaining.

Located in Minneapolis’s Powderhorn Park neighborhood, the property is offered for sale with an option to acquire it individually or as part of a larger 7-property, 89-unit South Minneapolis portfolio. The seller notes current rents are running below market, positioning the building for a value-add approach with executable unit updates.

For an operator or investor seeking a straightforward multifamily business plan, the combination of refreshed building components, a unit mix that can support broad tenant demand, and documented room for additional remodeling provides a practical framework for improving results. The offering materials also cite a potential NOI of $193,648 and rent upside still available, with the OM recommended for full details.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Minneapolis

County

Anoka

State

Minnesota

Longitude

-93.2578723

Latitude

44.9386418

Nearby Similar for Sale

• 

  $6,000,000

  14,000 SF

  Retail and Office Building

  High visibility retail and office space near light rail.

  2720 University Avenue SE, Minneapolis, MN 55414

  View Details
• 

  $600,000

  Multi-Use Office Building Corner Lot

  Multi-story office building with multiple entrances and off-street parking on a prominent corner lot.

  2318 1st Avenue S, Minneapolis, MN 55404

  View Details
• 

  $162,600

  1,626 SF

  Warehouse District Business Condo

  Office condo in the heart of Minneapolis' North Loop.

  718 Washington Avenue N 201, Minneapolis, MN 55401

  View Details
• 

  $145,200

  1,457 SF

  Warehouse District Business Condo

  Office condo in the North Loop, downtown Minneapolis.

  718 Washington Avenue N 205, Minneapolis, MN 55401

  View Details
• 

  $4,500,000

  Iconic Waterfront Restaurant Opportunity

  Premier restaurant and bar with Mississippi River waterfront real estate.

  1900 Marshall Street NE, Minneapolis, MN 55415

  View Details
• 

  $695,000

  1,365 SF

  Mixed-Use Property Near Lake Bde

  Mixed-use property with commercial space, apartment, and ample parking.

  3101 Irving Avenue S, Minneapolis, MN 55408

  View Details
• 

  $550,000

  Flex Office Warehouse

  Business owner opportunity with flexible space for offices and warehouse-style operations under Business/Commercial zoning.

  2942 Oakland Avenue, Minneapolis, MN 55407

  View Details
• 

  $1,300,000

  6,270 SF

  Warehouse with Large Parking Lot

  6270 SF warehouse with parking in Minneapolis, MN.

  2500 27th Avenue S, Minneapolis, MN 55406

  View Details
• 

  $4,990,000

  Versatile Minneapolis Specialty Building

  Three-story building with offices, classrooms, and commercial kitchen.

  4021 Thomas Avenue N, Minneapolis, MN 55412

  View Details
• 

  $875,000

  Mixed-Use Investment Opportunity

  Mixed-use property with residential and commercial components in Minneapolis.

  1720 Glenwood Avenue, Minneapolis, MN 55405

  View Details
• 

  $1,350,000

  Restaurant Property with Commercial Kitchen

  Connected street-level restaurant spaces with a fully operational commercial kitchen, ready for an operator to start quickly.

  3401-3405 Lyndale Avenue S, Minneapolis, MN 55408

  View Details
• 

  $3,100,000

  Iconic Minneapolis Hospitality Property

  Unique restaurant and entertainment destination in Northeast Minneapolis.

  2501 Marshall Street NE, Minneapolis, MN 55418

  View Details

FAQs

What type of property is this?

Apartment building - 21-unit multifamily with on-site parking, shared laundry, and recent exterior upgrades including a 2026 roof.

Where is this apartment building located?

The property is located at 3520 12th Avenue S Minneapolis, MN.

What is the asking price?

The asking price for this property is $2,425,000.

What are key features of this property?

This property features: 21‑unit multifamily in Minneapolis’ Powderhorn Park neighborhood, priced at $2,425,000 ($115,476/door).; Unit mix includes 1BR, 2BR, and studios; on‑site parking and shared laundry on site.; Most recent capital upgrade: brand new roof in 2026, with newer mechanicals and a clean exterior.