Additional details

Brandon Miskulin

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

$1,275,000

Est. payment - /mo

9,147 Sqft Lot

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UPDATED:

Key Details

Property Type Commercial

Listing Status Contingent

Purchase Type For Sale

Subdivision Bloomington Ave Add

MLS Listing ID 7088996

Year Built 1962

Annual Tax Amount $7,590

Tax Year 2026

Contingent Inspection

Lot Size 9,147 Sqft

Lot Dimensions 75 X 123

Property Description

11-unit multifamily in Minneapolis's Corcoran neighborhood offered at $1,275,000 ($113,636/door). The property features a desirable mixed unit mix of 6 two-bedroom and 5 one-bedroom units with market rents of $1,400 and $1,100 respectively, delivering broad renter appeal in a stable primarily residential submarket with strong transit connectivity and consistent tenant demand. Recent capital upgrades include a brand new parking lot in 2025, newer boiler, updated water heaters, and numerous new appliances through energy efficiency programs in 2026. The property is part of the Minneapolis 4D program keeping taxes low. Some units have already been turned with additional value-add upside remaining, all on top of stable in-place cash flow and a potential NOI of $100,377. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more information.

Location

State MN

County Hennepin

Zoning Residential-Single Family

Interior

Heating Boiler

Inclusions Building, Fixture/Equipment, Land, Leases, Rental License

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electric Common, Electric Separate, Heating Common, Hot Water Common

Present Use Residential

Building

Story Two

Foundation 3283

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

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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

3545 12th AVE S Minneapolis, MN 55407

Brandon Miskulin

Key Details

Location

Interior

Exterior

Building

Schools

Nearby School & Business

BUYING MY HOME