11-Unit Multifamily
For Sale
Contact for pricing
3521 12th Ave S, Minneapolis, MN 55407
An 11-unit residential income property near Powderhorn Park, with close proximity to major employers and schools.
Property Size9,570 SF
Price / SF$122.78
Days on Market64
Property Features for 3521 12th Ave S
General Information
Standard status
Active
Size
9,570 SF
Class
C
Property subtype
Multifamily
Occupancy
90%
Investment Type
Value Add
Net Operating Income
$94,017
Building Details
Year Built
1963
Buildings
1
Stories
3
Units
11
Tenancy
Multi
Listing Agency:
Commercial Investors Group
(612) 598-0780
Listed By:
Mike Sowers · License #40571176
Source:
Crexi
Added: Jun 10
Changed: Aug 8
Last Checked: Aug 11 at 6:08PM
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
Investment Insights
Based on property information with market context.
3521 12th Ave S presents an 11-unit multifamily asset in Minneapolis. The offering is positioned as a residential income property with existing on-site units and an established rental configuration suitable for investors seeking a hands-on ownership model.
The property is located in the Powderhorn Park neighborhood on Minneapolis’s south side, less than a block from Powderhorn Park’s 66 acres of green space, lake, athletic fields, and recreation amenities. Several shopping centers are within 1.5 miles, and Abbott Northwestern Hospital is about 1.2 miles away. North Central University, Augsburg College, and the University of St. Thomas are all within a short commute, while Downtown Minneapolis is roughly three miles north with transit connectivity throughout the corridor.
From a tenant-fit perspective, the mix of park access, nearby retail, and short commutes to healthcare and higher education can support a broad range of resident needs. For buyers, the asset’s established unit count and neighborhood context may appeal to those looking for a straightforward addition within a rental-oriented submarket.
The property is located in the Powderhorn Park neighborhood on Minneapolis’s south side, less than a block from Powderhorn Park’s 66 acres of green space, lake, athletic fields, and recreation amenities. Several shopping centers are within 1.5 miles, and Abbott Northwestern Hospital is about 1.2 miles away. North Central University, Augsburg College, and the University of St. Thomas are all within a short commute, while Downtown Minneapolis is roughly three miles north with transit connectivity throughout the corridor.
From a tenant-fit perspective, the mix of park access, nearby retail, and short commutes to healthcare and higher education can support a broad range of resident needs. For buyers, the asset’s established unit count and neighborhood context may appeal to those looking for a straightforward addition within a rental-oriented submarket.
Key Highlights
- 11‑unit multifamily rental property built in 1963
- Located in Minneapolis’ Powderhorn Park neighborhood, less than a block from Powderhorn Park’s 66 acres of green space and recreation
- Near major employers and campuses: Abbott Northwestern Hospital 1.2 miles away
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
901
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - An 11-unit residential income property near Powderhorn Park, with close proximity to major employers and schools.
Where is this apartment building located?
The property is located at 3521 12th Ave S Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 11‑unit multifamily rental property built in 1963; Located in Minneapolis’ Powderhorn Park neighborhood, less than a block from Powderhorn Park’s 66 acres of green space and recreation; Near major employers and campuses: Abbott Northwestern Hospital 1.2 miles away
