Property Listing
Description
3537 11th Ave S, Minneapolis, MN 55407 presents an exceptional opportunity to acquire a fully occupied 11-unit multifamily property in one of South Minneapolis’ strongest rental corridors. The building consists of spacious one-bedroom apartments and has maintained a long history of 100% occupancy with consistent tenant demand and active waiting lists, demonstrating the area’s strong need for affordable workforce housing. Located in the highly desirable Powderhorn Park neighborhood near parks, public transit, shopping, restaurants, and universities, the property attracts stable long-term renters including young professionals, students, healthcare workers, and service employees. The asset features updated units, controlled access, on-site laundry, security system, on-site parking in addition to abundant free street parking, and a strong operational history, providing dependable cash flow with additional upside through future rent growth and continued improvements. Current rents are below market, providing investors with a clear value-add opportunity to increase income and maximize returns through strategic rent adjustments while maintaining strong occupancy. Comparable multifamily properties in the immediate area continue to experience low vacancy rates and strong investor demand due to the neighborhood’s affordability, walkability, and accessibility, making this an outstanding opportunity for investors seeking a stabilized, income-producing asset with long-term appreciation potential in a proven Minneapolis rental market.
Property Information
Status: Active
Sub Type: ********
List Price: $1,145,000
MLS#: 7071343
Current Price: $1,145,000
Address: ********
City: Minneapolis
State: MN
Postal Code: 55407
Geo Lat: ********
Geo Lon: ********
Subdivision: Maben & Whites Add
County: Hennepin
Property Description
Year Built: 1961
Lot Size SqFt: 7840.8
Gen Tax: 19693.3
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: ********
Below Grade Finished Area: ********
Below Grade Unfinished Area:
Total SqFt.: 8556
Style: ********
Total Bedrooms: 11
Total Bathrooms: 11
Total Full Baths: ********
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: Building, Land
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: