3545 12th Ave S, Minneapolis, MN 55407

Building Details

Year Built

1962

Listing office Commercial Investors Group

Listing date Jun 10, 2026

Source Crexi

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Overview

This 11-unit multifamily property offers an income-producing residential setup with recent mechanical and capital improvements. In 2025, the property received a new parking lot, and upgrades also include a newer boiler and water heaters. Some units have been turned, and the building participates in the Minneapolis 4D program, which keeps taxes low. Additional updates include new appliances provided through energy updates completed in 2026.

The asset is located in the Corcoran neighborhood on Minneapolis’s south side. The public remarks also note strong transit connectivity in the surrounding area.

For buyers looking for a south Minneapolis multifamily addition, the combination of an updated parking lot, newer major systems, and energy-related appliance improvements supports ongoing day-to-day operation. Participation in the Minneapolis 4D program may help reduce tax exposure, while the property’s unit turns and renovation history can be relevant for maintaining rental readiness across multiple renter profiles.

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

-93.2570851

Latitude

44.9379384

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FAQs

What type of property is this?

Apartment building - An 11-unit multifamily property with a new parking lot, newer boiler and water heaters, plus 4D tax program eligibility.

Where is this apartment building located?

The property is located at 3545 12th Ave S Minneapolis, MN.

What is the asking price?

The asking price for this property is $1,275,000.

What are key features of this property?

This property features: 11‑unit multifamily property built in 1962 in Minneapolis’ Corcoran neighborhood (south side).; New parking lot completed in 2025.; Major upgrades include a newer boiler and newer water heaters.