11-Unit Multifamily
3545 12th Ave S, Minneapolis, MN 55407
For Sale
$1,275,000
An 11-unit multifamily property with a new parking lot, newer boiler and water heaters, plus 4D tax program eligibility.
Property Size9,849 SF
Price / SF$129.45
Days on Market149
Property Features for 3545 12th Ave S
General Information
Standard status
Size
Site & Location
Neighborhood
Building Details
Year Built
Listing Agency:
Commercial Investors Group LLC
Listed By:
Mike Sowers · License MN #40571176
(612) 598-0780
Source:
Tayloronken
Added: Jun 17
Changed: Oct 26
Last Checked: Oct 7 at 2:11PM
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
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Investment Insights
Based on property information with market context.
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.
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.
Key Highlights
- 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.
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Location Intelligence
Trade Area within ½ mile
870
Businesses Nearby
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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
$317,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Minneapolis, MN
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Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
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.
