3540 11th Avenue S, Minneapolis, MN
$1,250,000
6,300
Square feet
0.18
Acres
About 3540 11th Avenue S
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 NOI of $94,185 and clear value-add upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more details.
Features of 3540 11th Avenue S
| MLS® # | 7088981 |
|---|---|
| Price | $1,250,000 |
| Square Footage | 6,300 |
| Acres | 0.18 |
| Year Built | 1960 |
| Type | Commercial |
| Status | Active |
| Contingency Type | None |
Community Information
| Address | 3540 11th Avenue S |
|---|---|
| Area | 64 |
| Subdivision | Maben & Whites Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55407 |
Amenities
| Utilities | Electric Common, Electric Separate, Heating Common, Hot Water Common |
|---|---|
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Exterior Features | Stone |
|---|
School Information
| District | Minneapolis |
|---|
Additional Information
| Zoning | Residential-Multi-Family |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| Taxes | $8,318 |
| Tax Year | 2026 |
| Office | Commercial Investors Group LLC |
Listing Details
| Office | Commercial Investors Group LLC |
|---|