3521 12th Ave S Minneapolis

Investment Overview

Located in the Powderhorn Park neighborhood on Minneapolis's south side, 3521 12th Ave S is an 11-unit multifamily asset offered at $1,175,000. Less than a block from Powderhorn Park's 66 acres of green space, lake, athletic fields, and recreation center, the property sits in one of the strongest rental locations in the submarket — the kind of amenity that attracts tenants and keeps them in place. Three shopping centers are within 1.5 miles, Abbott Northwestern Hospital is 1.2 miles away, and North Central University, Augsburg College, and University of St. Thomas are all within a short commute, providing consistent demand across multiple tenant profiles. Downtown Minneapolis is three miles north with solid transit connectivity throughout the corridor. Stable in-place cash flow, a proven submarket, and value-add upside on turns make this a straightforward acquisition at a basis that still pencils in today's market.