3343 15th Avenue SMinneapolis, MN 55407
$550,000
7 bedrooms · 5 bathrooms · 0.11 acre lot
About this home
3343 15th Avenue South is a classic up-down five-unit apartment building built in 1905 and ideally positioned directly across from Powderhorn Park, the Powderhorn Park Recreation Center, public pool, and adjacent parking lot. Located in a proven rental corridor of South Minneapolis, the property features spacious units with hardwood floors, high ceilings, strong natural light, and a history of consistent occupancy. Well-maintained through attentive ownership and professional management, the property has benefited from consistent care and investment over time. The asset generates attractive current cash flow while offering significant value-add potential through improved operational efficiencies. Offered at $580,000 with a pro forma cap rate of 8.6%, the property presents an excellent opportunity for a first-time investor or owner-operator seeking a well-located multifamily asset with stable income, strong rental demand, and substantial upside potential in one of Minneapolis' most established neighborhoods.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1905
- Bedrooms
- 7
- Bathrooms
- 5
- Lot
- 0.11 acres
- Garage
- 2 stalls
- Heating
- Natural Gas
- Property taxes
- $9,343 a year
- Listed
- May 29, 2026
- MLS number
- 7093995
Listing courtesy of Matthews Real Estate Investment Solutions (Kurt Sauer). MLS #7093995.
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How it compares
3343 15th Avenue S, Minneapolis, MN 55407 is a 7-bedroom single-family home built in 1905 in Powderhorn Park, listed for $550,000 on May 29, 2026 by Matthews Real Estate Investment Solutions. That is in the middle range of the 672 single-family homes for sale in Minneapolis right now (median $350,000).
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- Powderhorn Park, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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