3400 10th Avenue S,Minneapolis, MN 55407
Minneapolis, MN 55407
Description
12-unit multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,275,000 ($106,250/door). Built in 1966, the property sits directly across from Powderhorn Park's tennis courts and 66 acres of green space, giving tenants immediate access to one of Minneapolis's most recognized parks. Recent capital upgrades include a brand new parking lot in 2025, a new boiler in 2026, newer water heater, and updated electrical. Many units have already been renovated and the property is part of the Minneapolis 4D program providing low taxes and numerous appliance upgrades. The mixed unit mix of 7 one-bedroom and 5 two-bedroom units delivers broad renter appeal with market rents of $1,125 and $1,325 respectively and a potential NOI of $100,318. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to the Offering Memorandum for more information.
Details
| MLS # | 7088940 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1966 |
| Days On Site | 76 |
| Listing Provided By | Commercial Investors Group LLC | Mike Sowers |
Features
| SQ Feet | 7,208 |
|---|---|
| Basement | Y |
| Story(s) | 2 |
| Units | 12 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.26 |
Interior
| Heating | Boiler |
|---|
Parking
| Parking Features | Parking Lot |
|---|
Utilities
| Utilities | Electric Common, Electric Separate, Heating Common |
|---|
Taxes
| Property | 12808 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 64 |
| Community Name | Chases Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Chases Add) | |
Price: $1,275,000 low | high Med: $1,275,000 sqft: 7,208 low | high Med: 7,208 $ / sqft: $177 low | high Med: $177 On site: 76 low | high Med: 76 | |
Market Activity 55407
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 64 |
| Community Name | Chases Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Chases Add) | |
Price: $1,275,000 low | high Med: $1,275,000 sqft: 7,208 low | high Med: 7,208 $ / sqft: $177 low | high Med: $177 On site: 76 low | high Med: 76 | |
 | $1,250,0003540 11th Avenue SMinneapolis, MN 55407 |
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