3537 11th Avenue S Minneapolis, MN 55407
For Sale MLS# 7071343
8,556 sq ft Commercial
Details for 3537 11th Avenue S
MLS# 7071343
Description for 3537 11th Avenue S, Minneapolis, MN, 55407
3537 11th Ave S, Minneapolis, MN 55407 presents an exceptional opportunity to acquire a fully occupied 11-unit multifamily property in one of South Minneapolis’ strongest rental corridors. The building consists of spacious one-bedroom apartments and has maintained a long history of 100% occupancy with consistent tenant demand and active waiting lists, demonstrating the area’s strong need for affordable workforce housing. Located in the highly desirable Powderhorn Park neighborhood near parks, public transit, shopping, restaurants, and universities, the property attracts stable long-term renters including young professionals, students, healthcare workers, and service employees. The asset features updated units, controlled access, on-site laundry, security system, on-site parking in addition to abundant free street parking, and a strong operational history, providing dependable cash flow with additional upside through future rent growth and continued improvements. Current rents are below market, providing investors with a clear value-add opportunity to increase income and maximize returns through strategic rent adjustments while maintaining strong occupancy. Comparable multifamily properties in the immediate area continue to experience low vacancy rates and strong investor demand due to the neighborhood’s affordability, walkability, and accessibility, making this an outstanding opportunity for investors seeking a stabilized, income-producing asset with long-term appreciation potential in a proven Minneapolis rental market.
Listing Information
Property Type: Commercial, Apartments/Multi Family
Status: Active
Bedrooms: 11
Bathrooms: 11
Lot Size: 0.18 Acres
Square Feet: 8,556 sq ft
Year Built: 1961
Foundation: 2,852 sq ft
Stories: Three Or More
Subdivision: Maben & Whites Add
Number Of Units Total: 11
Current Use: Residential
County: Hennepin
Days On Market: 37
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Accessibility: Other
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Separate
Cooling: Window
Heating: Boiler, Natural Gas
Exterior / Lot Features
Open Parking: 10
Parking Description: Parking Lot
Exterior: Brick/Stone
Lot Dimensions: 63X123
Zoning: Residential-Multi-Family
Additional Exterior/Lot Features: Land Inclusions - Building,Land
Driving Directions
36TH STREET 10 11TH AVE,NORTH TO BLDG
Financial Considerations
Tenant Pays: Electric,Gas
Owner Pays: Insurance,Sewer,Trash,Water
Gross Income: 143220
Tax/Property ID: 0202824310041
Tax Amount: 19693.3
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: Universal Realty 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 3537 11th 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 3537 11th 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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