Home › 3540 11th Avenue S, Minneapolis, MN 55407 (MLS# 7088981)

3540 11th Avenue S, Minneapolis, MN 55407 (MLS# 7088981)

$1,250,000
3540 11th Avenue S
Minneapolis, MN 55407
MLS# 7088981
6300 sqft
3540 11th Avenue S, Minneapolis, MN 55407
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Property Description
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.

Details
Maps
Documents
Contract Information
Status: Active
Current Price: 1250000
Contingency: None
ListPrice: 1250000
List Date: 2026-06-08
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 8
Owner Occupied: No
Waterfront YN: No
Year Built: 1960
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 2100
For Sale or Lease: For Sale
Acres: 0.18
Lot Dimensions: 63.00 X 126.00
Assessment Pending: Yes
Location Tax and Other Information
House Number: 3540
Street Name: 11th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Maben & Whites Add
Assessments
Assessment Balance: 359.4
Tax With Assessments: 8677.52
Building Information
Building Finished SqFt: 6300
Building SqFt: 6300
Income and Expenses
Annual Gross Expenses: 54740
Annual Gross Income: 145200
Annual Net Income: 100377
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 02
Township#: 28
Sale Options
Sale Includes: Building, Fixture/Equipment, Land, Leases
Unit 1
No. of 1 Bedroom Units: 11
Unit Details
Total Units: 11
Property Features
Accessible: None
Assumable Loan: Not Assumable
CMU Style: Apartments/Multi Family; Low Rise
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Foundation: Concrete Block
Fuel: Electric; Natural Gas
Heating: Boiler
Loan Terms: Cash; Conventional
On Site Utilities: Electric Common; Electric Separate; Heating Common; Hot Water Common
Parking Characteristics: Parking Lot
Rental License Type: Standard
Sewer: City Sewer/Connected
Stories: Two
Water: City Water/Connected

Listing Office: Commercial Investors Group LLC

Last Updated: August - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Sunday 25th of October 2026 07:56 AM

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