6,300 sqft

$1,250,000

3540 11th Avenue S, Minneapolis MN, 55407

Price per sqft$198.41

Built in1960

Property size6,300 sqft

Property typeCommercial

Courtesy of Commercial Investors Group LLC, Mike Sowers Listing Contact:

Overview

Active

Listed Jun 8, 2026

Updated Aug 27

11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,250,000 ($113,636/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, tennis courts, playgrounds, and recreation center, the property sits in one of the most tenant-friendly locations in the submarket. Recent capital upgrades include newer windows, updated electric panels, a newer boiler, and many units renovated within the last few years. The property is part of the Minneapolis 4D program providing low taxes and has received numerous new appliances through energy efficiency programs. Stable in-place cash flow with a potential NOI of $94,185 and clear value-add upside remaining on turns. 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.

Other Property Details

Taxes: $8,318
Tax Frequency: Annually

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