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    MLS# 7088951 - 3520 12th Avenue S Minneapolis, MN 55407

    Neighborhoods

    Commercial Investors Group LLC is the brokerage office representing the seller for this listing.

    Copyright 2019, Regional Multiple Listing Service of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.

    The data relating to real estate for sale on this 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 are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Joy+Marci Realty Group is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Joy+Marci Realty Group, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

    {"Id":569301,"ORGTABLE":"RAW_Property","MLSCLASS":"COM","MLSNUMBER":"NST7088951","MLSAGENTID":"NST502029211","MLSOFFICEID":"NST26618","ADDRESS":"3520 12th Avenue S","ACRES":0.43,"AGENTOWNER":true,"AUCTIONYN":false,"CITY":"Minneapolis","CONTINGENCY":"None","COUNTY":"Hennepin","CURRENTUSE":"Residential","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"FORECLOSURE":"No","LASTPRICE":2425000.0,"LASTPRICEDATE":"2026-06-08T19:29:06.617","LATITUDE":44.938611,"LENDEROWNED":"No","LISTDATE":"2026-06-08T05:00:00","LISTPRICE":2425000.0,"LIVINGAREA":13700.0,"LONGITUDE":-93.257879,"MODIFICATIONTIMESTAMP":"2026-06-08T19:29:06.617","NEIGHBORHOOD":"64","OFFICE_OFFICENAME":"Commercial Investors Group LLC","PHOTOCOUNT":10,"POSTALCODE":"55407","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"21-unit multifamily in Minneapolis's Powderhorn Park neighborhood offered at $2,425,000 ($115,476/door). This 1BR, 2BR, and studio building features on-site parking and shared laundry with current rents running below market, presenting immediate upside for a new owner. The most recent capital upgrade was a brand new roof in 2026, with newer mechanicals, a clean exterior, and numerous energy efficiency appliance upgrades through the Minneapolis 4D program which also keeps taxes low. Many units have already been remodeled with additional turns remaining, creating a clear and executable value-add path. Potential NOI of $193,648 with meaningful rent upside still on the table. Ideal for an operator or passive investor looking to deploy into a proven south Minneapolis value-add multifamily. 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.","ROADBETWEENWATERFRONTANDHOMEYN":false,"SALEINCLUDES":"Building,Fixture/Equipment,Land,Rental License","SCHOOLDISTRICTNUMBER":"1-Minneapolis","SCHOOLDISTRICTPHONE":"6126680000","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2026-06-08T19:29:06.617","LASTSTATUS":"Active","STREETDIRSUFFIX":"S","STREETNAME":"12th","STREETNUMBER":"3520","STREETSUFFIX":"Avenue","TRANSACTIONTYPE":"For","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1968,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2026-06-08T18:03:06.9","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"15-DSC08399.jpg\"},{\"Order\":2,\"Remarks\":\"13-DSC08394.jpg\"},{\"Order\":3,\"Remarks\":\"14-DSC08404.jpg\"},{\"Order\":4,\"Remarks\":\"16-DSC08409.jpg\"},{\"Order\":5,\"Remarks\":\"17-DSC08414.jpg\"},{\"Order\":6,\"Remarks\":\"18-DSC08474.jpg\"},{\"Order\":7,\"Remarks\":\"19-DSC08479.jpg\"},{\"Order\":8,\"Remarks\":\"20-DSC08484.jpg\"},{\"Order\":9,\"Remarks\":\"21-DSC08489.jpg\"},{\"Order\":10,\"Remarks\":\"22-DSC08494.jpg\"}]","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10","SOURCE":"MG_NST"}
    {"ListingKey":"NST7914702","AccessibilityFeatures":"None","AdditionalParcelsYN":"False","NST_AgentOwner":"Yes","LivingAreaUnits":"Square Feet","NST_AssessmentPending":"Yes","BasementYN":"True","BuildingAreaTotal":"13700","CumulativeDaysOnMarket":"0","City":"Minneapolis","NST_CommercialStyleType":"Apartments/Multi Family,Low Rise (3- levels)","NewConstructionYN":"False","Contingency":"None","NST_ForSaleOrLease":"For Sale","CountyOrParish":"Hennepin","CurrentUse":"Residential","Directions":"From I-35W, take the 35th Street exit and head east, then turn left on 12th Avenue South and proceed north to 3520 12th Ave S on your left.","DocumentsCount":"1","DocumentsChangeTimestamp":"2026-06-08T18:02:07.383Z","DaysOnMarket":"0","ExteriorFeatures":"Stone,Vinyl","FoundationArea":"4566","FoundationDetails":"Block","NST_FractionalOwnershipYN":"No","NST_Fuel":"Electric,Natural Gas","GarageSpaces":"0","GrossIncome":"295800","Heating":"Boiler","HighSchoolDistrict":"Minneapolis","NST_ForeclosureStatus":"No","Inclusions":"Building,Fixture/Equipment,Land,Rental License","InternetAddressDisplayYN":"True","InternetAutomatedValuationDisplayYN":"False","InternetConsumerCommentYN":"False","InternetEntireListingDisplayYN":"True","LandLeaseYN":"False","Latitude":"44.938611","NST_LenderOwned":"No","Levels":"Two","ListPrice":"2425000","ListingContractDate":"2026-06-08T05:00:00Z","ListingId":"NST7088951","Longitude":"-93.257879","LotSizeArea":"0.43","LotSizeDimensions":"152.90 X 122.00","LotSizeUnits":"Acres","NST_NeighborhoodName":"Powderhorn Park","NST_NeighborhoodNumber":"64","NetOperatingIncome":"193648","NumberOfUnitsTotal":"21","OperatingExpense":"94387","OriginalEntryTimestamp":"2026-06-08T13:00:53Z","NST_OwnerOccupied":"No","ParcelNumber":"0202824310030","ParkingFeatures":"Parking Lot,Paved Lot","PhotosCount":"10","PhotosChangeTimestamp":"2026-06-08T18:03:06.9Z","PostalCity":"Minneapolis","PostalCode":"55407","NST_PotentialShortSale":"No","NST_PresentUse":"Yearly","PropertyType":"Commercial Sale","PublicRemarks":"21-unit multifamily in Minneapolis's Powderhorn Park neighborhood offered at $2,425,000 ($115,476/door). This 1BR, 2BR, and studio building features on-site parking and shared laundry with current rents running below market, presenting immediate upside for a new owner. The most recent capital upgrade was a brand new roof in 2026, with newer mechanicals, a clean exterior, and numerous energy efficiency appliance upgrades through the Minneapolis 4D program which also keeps taxes low. Many units have already been remodeled with additional turns remaining, creating a clear and executable value-add path. Potential NOI of $193,648 with meaningful rent upside still on the table. Ideal for an operator or passive investor looking to deploy into a proven south Minneapolis value-add multifamily. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. 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