3520 12th Avenue SMinneapolis, MN 55407
$2.425 million
13,700 finished sq ft · 0.43 acre lot
About this home
21-unit multifamily in Minneapolis's Powderhorn Park neighborhood offered at $2,425,000 ($115,476/door). This 1BR, 2BR, and studio building features on-site parking and shared laundry with current rents running below market, presenting immediate upside for a new owner. The most recent capital upgrade was a brand new roof in 2026, with newer mechanicals, a clean exterior, and numerous energy efficiency appliance upgrades through the Minneapolis 4D program which also keeps taxes low. Many units have already been remodeled with additional turns remaining, creating a clear and executable value-add path. Potential NOI of $193,648 with meaningful rent upside still on the table. Ideal for an operator or passive investor looking to deploy into a proven south Minneapolis value-add multifamily. 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.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1968
- Finished sq ft
- 13,700
- Lot
- 0.43 acres
- Heating
- Electric, Natural Gas
- Property taxes
- $16,226 a year
- Listed
- June 8, 2026
- MLS number
- 7088951
Listing courtesy of Commercial Investors Group LLC (Mike Sowers). MLS #7088951.
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How it compares
3520 12th Avenue S, Minneapolis, MN 55407 is a single-family home built in 1968 in Powderhorn Park, listed for $2.425 million on June 8, 2026 by Commercial Investors Group LLC. That is in the upper quarter of the 672 single-family homes for sale in Minneapolis right now (median $350,000; $177 per square foot here against $207 for the group). That works out to $177 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 9:09 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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