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11-Unit Apartment Building Near Park
For Sale
$1,175,000

3521 12th Avenue South, Minneapolis, MN 55407

Multifamily property near Powderhorn Park, shopping centers, hospitals, universities, and transit connections in south Minneapolis.

Property Size9,570 SF
Days on Market69

Property Features for 3521 12th Avenue South

General Information

Standard status Active
Size 9,570 SF
Property subtype Multi-Family

Building Details

Building Size 9,570 SF
Year Built 1963
Units 11
Listing Agency: Commercial Investors Group
Listed By: Forrest Kalk
Source: Commercialcafe
Added: Jun 23 Changed: Aug 30 Last Checked: Aug 30 at 1:36PM

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.

The 11-unit apartment property at 3521 12th Avenue South was built in 1963 and is located in Minneapolis’s Powderhorn Park neighborhood. Powderhorn Park is less than a block away and includes 66 acres of green space, a lake, athletic fields, a recreation center, and year-round community events.

The surrounding area includes three shopping centers and five parks within 1.5 miles. Abbott Northwestern Hospital is 1.2 miles away, while Downtown Minneapolis is three miles north. North Central University, Augsburg College, and the University of St. Thomas are also within a short commute, and transit service connects the corridor throughout the day.

Key Highlights

  • 11‑unit apartment property built in 1963
  • Less than a block from Powderhorn Park
  • Powderhorn Park spans 66 acres and includes a lake, athletic fields, and a recreation center

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Real Estate Agency Restaurant Law Firm Hair Salon Spa & Massage Center Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

159
Businesses Nearby

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

6.5% 2022
7.5% 2023
7.8% 2024
8% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property near Powderhorn Park, shopping centers, hospitals, universities, and transit connections in south Minneapolis.
Where is this apartment building located?
The property is located at 3521 12th Avenue South 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 apartment property built in 1963; Less than a block from Powderhorn Park; Powderhorn Park spans 66 acres and includes a lake, athletic fields, and a recreation center
More about this property
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