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3521 12th Ave S 12 Unit Apartment Building $1,644,177 CAD ($137,015 CAD/Unit) Minneapolis, MN 55407
Investment Highlights
- Strong rental demand within a stable residential submarket
- Mix of renovated and classic units provides immediate upside
- Recent upgrades include newer mechanicals, sewer piping, and interior improvements
- Part of the Minneapolis 4D program offering reduced tax burden
Executive Summary
3521 12th Ave S offers the opportunity to acquire an 11-unit multifamily property in the desirable Powderhorn Park neighborhood of South Minneapolis. The asset provides stable in-place cash flow with additional upside through continued unit renovations and rent growth. Recent improvements to mechanical systems and common areas, along with participation in the Minneapolis 4D program, contribute to lower operating costs and long-term performance potential.
Property Facts
| Price | $1,644,177 CAD | Building Class | C |
| Price Per Unit | $137,015 CAD | Lot Size | 0.21 AC |
| Sale Type | Investment | Building Size | 9,876 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1963 |
| Property Subtype | Apartment | Parking Ratio | 1.01/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R5 | ||
| Price | $1,644,177 CAD |
| Price Per Unit | $137,015 CAD |
| Sale Type | Investment |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 9,876 SF |
| No. Stories | 2 |
| Year Built | 1963 |
| Parking Ratio | 1.01/1,000 SF |
| Zoning | R5 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 12 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 02-028-24-42-0076 | Improvements Assessment | $1,286,645 CAD |
| Land Assessment | $180,373 CAD | Total Assessment | $1,467,018 CAD |
Property Taxes
Parcel Number
02-028-24-42-0076
Land Assessment
$180,373 CAD
Improvements Assessment
$1,286,645 CAD
Total Assessment
$1,467,018 CAD
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3521 12th Ave S
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