$1,250,000
( $198.41Per Sq Foot )
 $6,710 est/mo Sourced by Back At You

3540 11th Avenue S,Minneapolis, MN 55407

Minneapolis, MN 55407

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Description

11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,250,000 ($113,636/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, tennis courts, playgrounds, and recreation center, the property sits in one of the most tenant-friendly locations in the submarket. Recent capital upgrades include newer windows, updated electric panels, a newer boiler, and many units renovated within the last few years. The property is part of the Minneapolis 4D program providing low taxes and has received numerous new appliances through energy efficiency programs. Stable in-place cash flow with a potential NOI of $94,185 and clear value-add upside remaining on turns. 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.

Details

MLS #7088981
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1960
Days On Site73
Listing Provided ByCommercial Investors Group LLC | Mike Sowers

Features

SQ Feet6,300
BasementY
Story(s)2
Units11
ZoningResidential-Multi-Family
Acreage0.18

Interior

HeatingBoiler

Parking

Parking FeaturesParking Lot

Utilities

UtilitiesElectric Common, Electric Separate, Heating Common, Hot Water Common

Taxes

Property8318

Area Information

StateMN
CountyHennepin
CityMinneapolis
Zip Code55407
Area64
Community NameMaben & Whites Add
School District1
High SchoolMinneapolis
Listing VS Median (in Maben & Whites Add)
Price:
$1,250,000
low | high
Med:
$1,197,500
54.2% of Average
sqft:
6,300
low | high
Med:
7,428
32.095238095238% of Average
$ / sqft:
$198
low | high
Med:
$166
66.276297335203% of Average
On site:
73
low | high
Med:
84
86.904761904762% of Average
Sourced by Back At You

Market Activity 55407

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 Listings courtesy of Northstar MLS as distributed by MLS GRID. 

Based on information submitted to the MLS GRID as of August 20, 2026 at 6:36:03 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.

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Learn More About This Property

Coldwell Banker Crown Park Rapids

Coldwell Banker Crown Park Rapids

 (218) 732-3381parkrapids@coldwellbankercrown.com
StateMN
CountyHennepin
CityMinneapolis
Zip Code55407
Area64
Community NameMaben & Whites Add
School District1
High SchoolMinneapolis
Listing VS Median (in Maben & Whites Add)
Price:
$1,250,000
low | high
Med:
$1,197,500
54.2% of Average
sqft:
6,300
low | high
Med:
7,428
32.095238095238% of Average
$ / sqft:
$198
low | high
Med:
$166
66.276297335203% of Average
On site:
73
low | high
Med:
84
86.904761904762% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $937K - $1.562M
sqft: 4,500 - 7,500
Nearby Listings Property ImageNearby Listings Details
3400 10th Avenue S Property Photo 1
$1,275,000
3400 10th Avenue S
Minneapolis, MN 55407
Listing Updated: August 12, 2026 at 9:25:16 AM PDT

Coldwell Banker Crown

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