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33429746
33429745

3400 10th Ave S, Minneapolis, MN 55407

MS
MN 40571176
Commercial Investors Group
Listed by Commercial Investors Group
$1,275,000
13 days on market
Updated 12 days ago

3400 10th Ave S

Details
Property Type Multifamily
Sub Type Apartment Building, Garden style
Square Footage 7,208
Units 12
Cap Rate 7.87%
NOI $100,318
Occupancy 92.1%
Tenancy Multi
Price per SqFt $171
Class C
Year Built 1966
Year Renovated 2025
Buildings 1
Lot Size (SqFt) 11,406
Investment Type Value Add

3400 10th Ave S, Minneapolis, MN 55407

Marketing description

Located in the Powderhorn Park Neighborhood on Minneapolis's South Side, 3400 10th Ave S is a 12-unit Multifamily Asset Offered at $1,250,000. Built in 1966, the Property Sits Directly Across From Powderhorn Park's Tennis Courts and Green Space, Giving Tenants Immediate Access to One of Minneapolis's Most Recognized 66-acre Parks. Three Shopping Centers Are Within 1.2 Miles, Bike Trails and Neighborhood Dining Are Immediately Accessible, and Downtown Minneapolis is Just Three Miles North. North Central University, Augsburg College, and Abbott Northwestern Hospital Are All Within Minutes, Generating Consistent Renter Demand Across Multiple Tenant Profiles. The Powderhorn Park Submarket is Well-established and Primarily Residential, With the Neighborhood Stability and Walkability That Keeps Occupancy Strong Through Market Cycles. A Targeted Value-add Program on Turns Provides Clear Rent Upside on Top of Stable in-place Cash Flow, Making This a Straightforward Acquisition at a Compelling Basis.

Investment highlights

  • Located Directly Across From Powderhorn Park's Tennis Courts and Green Space
  • One of Minneapolis's Most Recognized 66-acre Parks at the Front Door
  • Three Shopping Centers Within 1.2 Miles
  • Five Parks Within 1.6 Miles
  • Bike Trails and Neighborhood Dining Immediately Accessible
  • Three Miles South of Downtown Minneapolis
  • Strong Transit Options Throughout the Corridor
  • North Central University, Augsburg College, and Abbott Northwestern Hospital All Within Minutes
  • Targeted Value-add Program on Turns Provides Clear Rent Upside on Top of Stable in-place Cash Flow

Listing Contacts

MS
MN 40571176
Commercial Investors Group
Listed by Commercial Investors Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$100,318.00
$8,359.83/mo

Valuation Metrics

0
DSCR
7.87%
Cap Rate
7.87%
ROI

Map

Zoning

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UN2/BFI2 OverlayUrban Neighborhood 2 Built Form Interior 2
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Last updated May 8, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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Additional Information

Name
Mike Sowers
License
40571176
Brokerage
Commercial Investors Group
Title
CEO
Brokerage Address
9220 Bass Lake Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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