11-Unit Apartment
3540 11th Avenue S Minneapolis, MN 55407
For Sale
$1,250,000
Well-maintained 11-unit building featuring 1BR/1BA apartments with recent window, electrical, and boiler upgrades.
Days on Market47
Property Features for 3540 11th Avenue S
General Information
- Standard status
- Active
Listing Agency:
Commercial Investors Group LLC
(612) 598-0780
Listed By:
Mike Sowers · License #40571176
(612) 598-0780
Source:
Exprealty
Added: Jun 8
Changed: Jul 21
Last Checked: Jul 23 at 10:24AM
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
Investment Insights
Based on property information with market context.
This 11-unit multifamily property offers all 1BR/1BA apartment homes. The recent capital upgrade work includes newer windows, updated electric panels, and a newer boiler, along with many unit renovations completed within the last few years. The property has also received new appliances through energy efficiency programs, and it participates in Minneapolis’s 4D program providing low taxes.
The building is located less than a block from Powderhorn Park’s 66 acres of green space, with amenities including a lake, tennis courts, playgrounds, and a recreation center. The offering is described as having stable in-place cash flow with a potential NOI of $94,185, along with remaining value-add opportunities on future turns.
The property can be purchased individually or as part of a larger 7-property, 89-unit South Minneapolis portfolio offering priced at $9,750,000, subject to the terms outlined in the offering materials.
The building is located less than a block from Powderhorn Park’s 66 acres of green space, with amenities including a lake, tennis courts, playgrounds, and a recreation center. The offering is described as having stable in-place cash flow with a potential NOI of $94,185, along with remaining value-add opportunities on future turns.
The property can be purchased individually or as part of a larger 7-property, 89-unit South Minneapolis portfolio offering priced at $9,750,000, subject to the terms outlined in the offering materials.
Key Highlights
- 11‑unit multifamily building in Minneapolis’ Powderhorn Park neighborhood, with 1BR/1BA apartments
- Recent capital upgrades include newer windows, updated electric panels, and a newer boiler
- Many units renovated within the last few years
Property Analytics
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FAQs
What type of property is this?
Apartment building - Well-maintained 11-unit building featuring 1BR/1BA apartments with recent window, electrical, and boiler upgrades.
Where is this apartment building located?
The property is located at 3540 11th Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 11‑unit multifamily building in Minneapolis’ Powderhorn Park neighborhood, with 1BR/1BA apartments; Recent capital upgrades include newer windows, updated electric panels, and a newer boiler; Many units renovated within the last few years
