3545 12th Avenue SMinneapolis, MN 55407
$1.275 million
9,849 finished sq ft · 0.21 acre lot
About this home
11-unit multifamily in Minneapolis's Corcoran neighborhood offered at $1,275,000 ($113,636/door). The property features a desirable mixed unit mix of 6 two-bedroom and 5 one-bedroom units with market rents of $1,400 and $1,100 respectively, delivering broad renter appeal in a stable primarily residential submarket with strong transit connectivity and consistent tenant demand. Recent capital upgrades include a brand new parking lot in 2025, newer boiler, updated water heaters, and numerous new appliances through energy efficiency programs in 2026. The property is part of the Minneapolis 4D program keeping taxes low. Some units have already been turned with additional value-add upside remaining, all on top of stable in-place cash flow and a potential NOI of $100,377. 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
- 1962
- Finished sq ft
- 9,849
- Lot
- 0.21 acres
- Heating
- Electric, Natural Gas
- Property taxes
- $7,590 a year
- Listed
- June 8, 2026
- MLS number
- 7088996
Listing courtesy of Commercial Investors Group LLC (Mike Sowers). MLS #7088996.
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How it compares
3545 12th Avenue S, Minneapolis, MN 55407 is a single-family home built in 1962 in Powderhorn Park, listed for $1.275 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; $129 per square foot here against $207 for the group). That works out to $129 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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