• Main Photo

3540 11th Avenue S
Minneapolis, MN 55407

$1,250,000

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Listing Details

  • $1,250,000
  • MLS# 7088981
  • Type Commercial - Business
  • Status Active
  • 0.180 acres
    Lot Size
  • 1960
    Year Built
  • Minneapolis
    Local Schools

Listed By

Agency Name: Commercial Investors Group LLC
Agency Phone: 612-598-0780

Shown By

Agent Name: Jeremy Fischer
Agent Phone: (701) 239-2230
Agency Title: Town & Country Realty

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Home Value Estimate


Description

11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,250,000 ($113,636/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, tennis courts, playgrounds, and recreation center, the property sits in one of the most tenant-friendly locations in the submarket. Recent capital upgrades include newer windows, updated electric panels, a newer boiler, and many units renovated within the last few years. The property is part of the Minneapolis 4D program providing low taxes and has received numerous new appliances through energy efficiency programs. Stable in-place cash flow with a potential...read more

Features

  • Heating: Boiler
  • Stories: 2.0
  • Taxes: $8,318
  • Water: City Water/Connected
  • Year Built: 1960

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