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3010 20th Ave S 12 Unit Apartment Building $1,574,212 CAD ($131,184 CAD/Unit) Minneapolis, MN 55407
Investment Highlights
- Located ~0.3 miles from Lake Street/Midtown light rail station
- Easy transit access to Downtown Minneapolis and MSP Airport
- Situated in a high-demand South Minneapolis rental submarket
Executive Summary
3010 20th Ave S presents an 11-unit multifamily investment in South Minneapolis offering stable in-place cash flow with clear value-add potential. The property features a uniform unit mix that simplifies management and underwriting, with proven rental demand driven by its location near the Lake Street/Midtown light rail station. Recent capital improvements—including mechanical updates, new boiler and electrical panels, and unit renovations—position the asset for continued rent growth through strategic unit turns and operational efficiencies.
Property Facts
| Price | $1,574,212 CAD | Building Class | C |
| Price Per Unit | $131,184 CAD | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 5,418 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1960 |
| Property Subtype | Apartment | Parking Ratio | 0.92/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R2B - Multifamily Residential | ||
| Price | $1,574,212 CAD |
| Price Per Unit | $131,184 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 5,418 SF |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 0.92/1,000 SF |
| Zoning | R2B - Multifamily Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 01-028-24-22-0014 | Improvements Assessment | $1,032,825 CAD |
| Land Assessment | $153,801 CAD | Total Assessment | $1,186,626 CAD |
Property Taxes
Parcel Number
01-028-24-22-0014
Land Assessment
$153,801 CAD
Improvements Assessment
$1,032,825 CAD
Total Assessment
$1,186,626 CAD
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3010 20th Ave S
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