Additional details

Brandon Miskulin

brandon@executivestarrealty.com +1(218) 464-3126

$1,275,000

Est. payment - /mo

0.26 Acres Lot

Save

UPDATED:

Key Details

Property Type Commercial

Listing Status Contingent

Purchase Type For Sale

Subdivision Chases Add

MLS Listing ID 7088940

Year Built 1966

Annual Tax Amount $12,808

Tax Year 2026

Contingent Inspection

Lot Size 0.260 Acres

Lot Dimensions 89.40 X 127.10

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.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Boiler

Inclusions Building, Fixture/Equipment, Leases, Rental License

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electric Common, Electric Separate, Heating Common

Present Use Residential

Building

Story Two

Foundation 2400

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Read Less Info

Listed by Mike Sowers • Commercial Investors Group LLC

Nearby School & Business

Brandon Miskulin

WI Broker, MN Agent | License ID: 58234-90, 40371939

+1(218) 464-3126 | brandon@executivestarrealty.com

3400 10th AVE S Minneapolis, MN 55407

Brandon Miskulin

Key Details

Location

Interior

Exterior

Building

Schools

Nearby School & Business

BUYING MY HOME