3520 12th Ave S, Minneapolis, MN 55407

A 21-unit multifamily asset in Minneapolis's Powderhorn Park neighborhood, priced below replacement cost with clear, executable upside. This is a straightforward value-add play: buy below market, renovate strategically, push rents, and force appreciation. The business plan is already written by the market. 21 units of 1BR and 2BR floor plans in a quiet, well-located residential building. On-site parking and shared laundry in place. Current rents are running below market for the submarket. A targeted unit rehab program, kitchens, baths, flooring, unlocks meaningful rent increases on turn. Comparable renovated units in Powderhorn are achieving premiums that make the math work. Investors who move early on the renovation cycle capture the most spread. Less than a block from Powderhorn Park, 66 acres, a lake, athletic fields, and a rec center. Three miles south of Downtown Minneapolis. Abbott Northwestern Hospital is 1.2 miles away. Strong transit access, high walkability, and bike-friendly streets. The kind of location that keeps occupancy stable through cycles. $105K/door in Minneapolis with room to run on rents and rehab. Stable existing cash flow, proven neighborhood, and a clear path to forced appreciation. Ideal for an operator or passive investor looking to deploy into a value-add multifamily with real meat on the bone.

The bustling area surrounding 3520 12th Ave S, Minneapolis, MN offers an array of attractions and amenities for prospective multifamily and high-rise investors. Explore the vibrant neighborhood and discover popular destinations such as the renowned Midtown Global Market, providing a diverse array of culinary experiences and cultural events. Enjoy the nearby outdoor offerings at Powderhorn Park and Longfellow Gardens, perfect for tenants seeking recreational opportunities and green spaces. With its close proximity to notable dining, shopping, and leisure destinations, the surrounding area presents an appealing prospect for those looking to invest in the Minneapolis real estate market.