Melissa Perreault
MLS#7088940
STATUSActive
PROPERTY TYPECommercial - Business
SUBDIVISIONChases Add
SCHOOLMinneapolis
Property Description
12-unit multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,275,000 ($106,250/door). Built in 1966, the property sits directly across from Powderhorn Park's tennis courts and 66 acres of green space, giving tenants immediate access to one of Minneapolis's most recognized parks. Recent capital upgrades include a brand new parking lot in 2025, a new boiler in 2026, newer water heater, and updated electrical. Many units have already been renovated and the property is part of the Minneapolis 4D program providing low taxes and numerous appliance upgrades. The mixed unit mix of 7 one-bedroom and 5 two-bedroom units delivers broad renter appeal with market rents of $1,125 and $1,325 respectively and a potential NOI of $100,318. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to the Offering Memorandum for more information.
Property Features
Property Type: Commercial - Business
Fuel Type: Electric, Natural Gas
Heating: Boiler
Lot Size: 0.26 Acres
Stories: 2.0
Taxes: $12,808
Year Built: 1966
Feature Descriptions
Current Use: Residential
Days on Site: 1
Foundation Size: 2400
Lot Dimensions: 89.40 X 127.10
Parcel#: 0202824310017
Parking: Parking Lot
Sale Includes: Building, Fixture/Equipment, Leases, Rental License
Sewer: City Sewer/Connected
Units: 12
Utilities: Electric Common, Electric Separate, Heating 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: Melissa Perreault
Agent Phone: (218) 289-5590
Agency Title: LeBlanc Realty
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3400 10th Avenue S | MLS# 7088940
This commercial property located at 3400 10th Avenue S, Minneapolis, MN 55407 is currently listed for sale with an asking price of $1,275,000. 10th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on mperreault.leblancrealty.com today.