$580,000
3343 15th Avenue S Minneapolis, MN 55407
For Sale MLS# 7093995
3,620 sq ft Commercial
Details for 3343 15th Avenue S
MLS# 7093995
Description for 3343 15th Avenue S, Minneapolis, MN, 55407
3343 15th Avenue South is a classic up-down five-unit apartment building built in 1905 and ideally positioned directly across from Powderhorn Park, the Powderhorn Park Recreation Center, public pool, and adjacent parking lot. Located in a proven rental corridor of South Minneapolis, the property features spacious units with hardwood floors, high ceilings, strong natural light, and a history of consistent occupancy. Well-maintained through attentive ownership and professional management, the property has benefited from consistent care and investment over time. The asset generates attractive current cash flow while offering significant value-add potential through improved operational efficiencies. Offered at $580,000 with a pro forma cap rate of 8.6%, the property presents an excellent opportunity for a first-time investor or owner-operator seeking a well-located multifamily asset with stable income, strong rental demand, and substantial upside potential in one of Minneapolis' most established neighborhoods.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 7
Bathrooms: 5
Lot Size: 0.11 Acres
Square Feet: 3,620 sq ft
Year Built: 1905
Foundation: 1,443 sq ft
Garage: Yes
Subdivision: Blooms Sub Of Lts 24 & 32 Lawrence
Number Of Units Total: 5
Current Use: Residential
County: Hennepin
Days On Market: 38
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate
Heating: Natural Gas, Boiler
Exterior / Lot Features
Garage Spaces: 2
Parking Description: Detached Garage, Garage Sq Ft - 400.0
Exterior: Stucco
Lot Dimensions: 39x123
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building
Unit Information
Unit 1 Actual Rent: 1270
Unit 1 Baths Total: 1
Unit 1 Beds Total: 1
Unit 2 Actual Rent: 1160
Unit 2 Baths Total: 1
Unit 2 Beds Total: 1
Unit 3 Actual Rent: 1000
Unit 3 Baths Total: 1
Unit 3 Beds Total: 1
Unit 4 Actual Rent: 999
Unit 4 Baths Total: 1
Unit 4 Beds Total: 1
Unit 5 Actual Rent: 1715
Unit 5 Baths Total: 1
Unit 5 Beds Total: 3
Driving Directions
From intersection of Lake Street and Bloomington Ave, Head south and take right on 34th St. Go to 15 Ave and take right. Property is on the right.
Financial Considerations
Gross Income: 75860
Tax/Property ID: 0202824130007
Tax Amount: 9343
Tax Year: 2025
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Matthews Real Estate Investment Solutions
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.
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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 3343 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 3343 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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