3010 20th Ave S

Investment Overview

An 11-unit, all 1BR/1BA multifamily asset in Minneapolis's Corcoran neighborhood offered at $105,000 per door. The uniform unit mix keeps operations simple and underwriting clean, while a targeted rehab program on turns creates a clear path to rent growth. Located just 0.3 miles from the Lake Street/Midtown Station light rail, tenants have direct access to Downtown Minneapolis and MSP Airport without a car. Five parks are within 1.1 miles including Powderhorn Park, with Midtown Global Market, Abbott Northwestern Hospital, and multiple universities all within close proximity — the kind of location that generates consistent demand and keeps vacancy low. Stable in-place cash flow, simple unit mix, and real rent upside on turns at a basis that still makes sense in today's market.