Property Listing
Description
3343 15th Avenue South is a classic up-down five-unit apartment building built in 1905 and ideally positioned directly across from Powderhorn Park, the Powderhorn Park Recreation Center, public pool, and adjacent parking lot. Located in a proven rental corridor of South Minneapolis, the property features spacious units with hardwood floors, high ceilings, strong natural light, and a history of consistent occupancy. Well-maintained through attentive ownership and professional management, the property has benefited from consistent care and investment over time. The asset generates attractive current cash flow while offering significant value-add potential through improved operational efficiencies. Offered at $580,000 with a pro forma cap rate of 8.6%, the property presents an excellent opportunity for a first-time investor or owner-operator seeking a well-located multifamily asset with stable income, strong rental demand, and substantial upside potential in one of Minneapolis' most established neighborhoods.
Property Information
Status: Active
Sub Type: ********
List Price: $580,000
MLS#: 7093995
Current Price: $580,000
Address: ********
City: Minneapolis
State: MN
Postal Code: 55407
Geo Lat: ********
Geo Lon: ********
Subdivision: Blooms Sub Of Lts 24 & 32 Lawrence
County: Hennepin
Property Description
Year Built: 1905
Lot Size SqFt: 4791.6
Gen Tax: 9343
Specials Inst: 0
High School: Minneapolis
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Total Bedrooms: 7
Total Bathrooms: 5
Total Full Baths: ********
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Garage Stalls: 2
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Property Features
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