3033 15th Avenue S,Minneapolis, MN 55407
Minneapolis, MN 55407
Description
Well-maintained 8-unit apartment building offering consistent in-place income and long-term ownership stability. Fully occupied with a mix of one-bedroom and studio units, generating over $100,000 / year in rental income. This property is enrolled in the Minneapolis 4D Affordable Housing Program, providing a significant property tax reduction and enhancing overall cash flow an attractive feature for investors seeking reliable returns. Recent ownership has focused on maintaining a clean, functional property with stable tenancy, making this a true turnkey opportunity. Building features include coin-operated laundry, separate electric, and practical unit layouts that support consistent occupancy. Additional upside potential exists through continued rent optimization and operational efficiencies. Ideal for investors seeking: Strong day-one cash flow, tax-advantaged ownership and a stabilized asset with operational upside.
Details
| MLS # | 7049047 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1971 |
| Days On Site | 140 |
| Listing Provided By | Peritus Real Estate | John A Stiles |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 8 |
| SQ Feet | 5,368 |
| Story(s) | 2 |
| Units | 8 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.17 |
Interior
| Cooling | Wall Unit(s) |
|---|---|
| Heating | Boiler, Hot Water, Radiator |
| Appliances | Gas Water Heater, Range, Refrigerator |
Exterior
| Roof | Flat, Rubber |
|---|---|
| Construction Materials | Frame |
| Lot Features | Tree Coverage - Light |
Parking
| Parking Features | Concrete |
|---|
Utilities
| Utilities | Electric Separate, Heating Common, Hot Water Common |
|---|
Taxes
| Property | 2329 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 64 |
| Community Name | Williams Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Williams Add) | |
Price: $775,000 low | high Med: $499,950 sqft: 5,368 low | high Med: 3,994 $ / sqft: $144 low | high Med: $115 On site: 140 low | high Med: 122.5 | |
Market Activity 55407
Request a showing
Request a showing
Listings courtesy of Northstar MLS as distributed by MLS GRID.
Based on information submitted to the MLS GRID as of August 21, 2026 at 1:56:13 AM PDT All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the “DMCA”) provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to DMCAnotice@MLSGrid.com.
Contact
Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55407 |
| Area | 64 |
| Community Name | Williams Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Williams Add) | |
Price: $775,000 low | high Med: $499,950 sqft: 5,368 low | high Med: 3,994 $ / sqft: $144 low | high Med: $115 On site: 140 low | high Med: 122.5 | |
