$775,000
3033 15th Avenue S Minneapolis, MN 55407
For Sale MLS# 7049047
5,368 sq ft Commercial
Details for 3033 15th Avenue S
MLS# 7049047
Description for 3033 15th Avenue S, Minneapolis, MN, 55407
Well-maintained 8-unit apartment building offering consistent in-place income and long-term ownership stability. Fully occupied with a mix of one-bedroom and studio units, generating over $100,000 / year in rental income.This property is enrolled in the Minneapolis 4D Affordable Housing Program, providing a significant property tax reduction and enhancing overall cash flow — an attractive feature for investors seeking reliable returns.Recent ownership has focused on maintaining a clean, functional property with stable tenancy, making this a true turnkey opportunity. Building features include coin-operated laundry, separate electric, and practical unit layouts that support consistent occupancy.Additional upside potential exists through continued rent optimization and operational efficiencies.Ideal for investors seeking: Strong day-one cash flow, tax-advantaged ownership and a stabilized asset with operational upside.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 6
Bathrooms: 8
Lot Size: 0.17 Acres
Square Feet: 5,368 sq ft
Year Built: 1971
Foundation: 2,384 sq ft
Stories: 2 Stories
Subdivision: Williams Add
Number Of Units Total: 8
Current Use: Residential
County: Hennepin
Days On Market: 66
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Appliances: Range, Refrigerator, Gas Water Heater
Flooring: Carpet,Luxury Vinyl Plank
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Common,Hot Water Common
Cooling: Wall
Heating: Hot Water, Natural Gas, Boiler, Radiator
Exterior / Lot Features
Open Parking: 6
Parking Description: Driveway - Concrete
Exterior: Stucco
Roof: Rubber, Flat
Lot Dimensions: 60 x 123
Zoning: Residential-Multi-Family
Fencing: Chain Link
Additional Exterior/Lot Features: Tree Coverage - Light, Land Inclusions - Building,Land,Leases, Road Frontage - City
Driving Directions
From Lake St. Go South on 15th Ave. Property is on the left.
Financial Considerations
Other Annual Tax: $342
Tenant Pays: Electric
Owner Pays: Gas,Heat,Hot Water,Insurance,Lawn,Maintenance/Repair,Sewer,Snow,Taxes,Trash,Water
Gross Income: 103080
Expense: 34328
Tax/Property ID: 0202824120153
Tax Amount: 2329.82
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Peritus Real Estate
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 3033 15th Avenue S
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 3033 15th Avenue S
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger ® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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