Commercial Investors Group
Listed by Commercial Investors Group
$1,275,000
3545 12th Ave S Minneapolis
Details
Property Type Multifamily
Sub Type Apartment Building, Garden style
Square Footage 3,283
Units 11
Cap Rate 7.87%
NOI $100,377
Occupancy 90%
Tenancy Multi
Price per SqFt $157
Year Built 1962
Year Renovated 2025
Buildings 1
Lot Size (SqFt) 9,148
Investment Type Value Add
3545 12th Ave S, Minneapolis, MN 55407
Marketing description
Located in the Corcoran neighborhood on Minneapolis's south side, 3545 21st Ave S is an 11-unit multifamily asset offered at $1,275,000. The property sits in a stable, primarily residential submarket with strong transit connectivity and consistent tenant demand across multiple renter profiles. in 2025, the property received a new parking lot. Other major upgrades recently include a newer boiler and water heaters. Some of the units have been turned and the property is part of Minneapolis 4D program, which keeps taxes low. The property received many new appliances through energy updates in 2026 as well. Stable in-place cash flow and a proven submarket make this a solid addition to any south Minneapolis multifamily portfolio.
Investment highlights
- 6x, 2bed / 1 bath units averaging 850 SF, and market rent of $1400 / month
- 5x, 1 bed / 1 bath units averaging 600 SF, and market rent of $1100 / month
- Potential NOI: $100,377
- Price per SF: $157
- Price per Unit: $114,064
- New parking lot in 2025
- Newer boiler and water heaters
- Part of Minneapolis 4D program (low taxes)
- New appliances through energy updates in 2026
Listing Contacts
Commercial Investors Group
Listed by Commercial Investors Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$100,377.00
$8,364.75/mo
Valuation Metrics
0
DSCR
7.87%
Cap Rate
7.87%
ROI
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