$1,175,000
3521 12th Avenue S Minneapolis, MN 55407
For Sale MLS# 7088960
9,570 sq ft Commercial
Details for 3521 12th Avenue S
MLS# 7088960
Description for 3521 12th Avenue S, Minneapolis, MN, 55407
11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,175,000 ($106,818/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, athletic fields, and recreation center, the property sits in one of the strongest rental locations in the submarket. Recent capital upgrades include a newer water heater and mechanicals, new sewer piping, and new LVP flooring in the lower level. Many units have been renovated with additional upside remaining on long term tenant turns. The property carries a very low tax base as part of the Minneapolis 4D program. Potential NOI of $94,017 with stable in-place cash flow and a straightforward value-add path on turns at a basis that still pencils in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more information.
Listing Information
Property Type: Commercial, Apartments/Multi Family,Low Rise (3- Levels)
Status: Active
Lot Size: 0.21 Acres
Square Feet: 9,570 sq ft
Year Built: 1963
Foundation: 3,190 sq ft
Stories: 2 Stories
Subdivision: Bloomington Ave Add
Number Of Units Total: 11
Current Use: Residential
County: Hennepin
Days On Market: 15
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Electric Separate,Heating Common,Hot Water Common
Heating: Electric, Natural Gas, Boiler
Exterior / Lot Features
Open Parking: 6
Parking Description: Parking Lot
Exterior: Brick/Stone, Vinyl
Lot Dimensions: 75 X 123
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Fixture/Equipment,Land,Rental License
Driving Directions
From I-35W, take the 35th Street exit and head east, then turn left on 12th Avenue South and proceed north to 3521 12th Ave S on your right.
Financial Considerations
Other Annual Tax: $418
Gross Income: 145200
Tax/Property ID: 0202824420076
Tax Amount: 5471.46
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Commercial Investors Group LLC
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 3521 12th 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 3521 12th 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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