$ 550,000
-
$550,000
Price -
7
Bed -
5
Bath -
0.11
Acre
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About the Listing 253028 - 502044619
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.
Listing Highlights
Interior Details
- Bedrooms: 7
- Bathrooms: 5 Full
- Appliances:
- Air Cond:
- Heating: Boiler,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: 2 car
- Lot Dimensions: 39x123
- Zoning: Residential-Multi-Family
- Roof:
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Detached Garage
Financial Details
- Tax Amount: $9,343
- Taxes w/Assessments: N/A
- Tax/Property ID: 0202824130007
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Questions About..
3343 15th Ave S Minneapolis, MN 55407
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