3521 12th Avenue SMinneapolis, MN 55407
$1.175 million
9,570 finished sq ft · 0.21 acre lot
About this home
11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,175,000 ($106,818/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, athletic fields, and recreation center, the property sits in one of the strongest rental locations in the submarket. Recent capital upgrades include a newer water heater and mechanicals, new sewer piping, and new LVP flooring in the lower level. Many units have been renovated with additional upside remaining on long term tenant turns. The property carries a very low tax base as part of the Minneapolis 4D program. Potential NOI of $94,017 with stable in-place cash flow and a straightforward value-add path on turns at a basis that still pencils in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more information.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1963
- Finished sq ft
- 9,570
- Lot
- 0.21 acres
- Heating
- Electric, Natural Gas
- Property taxes
- $5,471 a year
- Listed
- June 8, 2026
- MLS number
- 7088960
Listing courtesy of Commercial Investors Group LLC (Mike Sowers). MLS #7088960.
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How it compares
3521 12th Avenue S, Minneapolis, MN 55407 is a single-family home built in 1963 in Powderhorn Park, listed for $1.175 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; $123 per square foot here against $207 for the group). That works out to $123 per finished square foot.
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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