Anand Prashad, Broker
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3540 11th Avenue S, Minneapolis, MN 55407

$1,250,000
SQUARE FEET 6,300
MLS# 7088981
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Anand Prashad, Broker

Anand Prashad, Broker
Call: (612) 790-6080

STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Maben & Whites Add
SCHOOL: Minneapolis
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Property 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.

3540 11th Avenue S | MLS# 7088981

This commercial property located at 3540 11th Avenue S, Minneapolis, MN 55407 is currently listed for sale with an asking price of $1,250,000. 11th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on aprashad.counselorrealty.com today.

Property Features

Property Type: Commercial - Business
Fuel Type: Electric, Natural Gas
Heating: Boiler
Lot Size: 0.18 Acres
Stories: 2.0
Taxes: $8,318
Year Built: 1960

Feature Descriptions

Current Use: Residential
Days on Site: 86
Foundation Size: 2100
Lot Dimensions: 63.00 X 126.00
Parcel#: 0202824310050
Parking: Parking Lot
Sale Includes: Building, Fixture/Equipment, Land, Leases
Sewer: City Sewer/Connected
Units: 11
Utilities: Electric Common, Electric Separate, Heating Common, Hot Water Common
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: Commercial Investors Group LLC
Agency Phone: 612-598-0780

Shown By

Agent Name: Anand Prashad, Broker
Agent Phone: (612) 790-6080
Agency Title: Counselor Realty

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