$ 1,275,000
-
$1,275,000
Price -
7,208
SqFt -
0.26
Acre
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About the Listing 26618 - 502029211
12-unit multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,275,000 ($106,250/door). Built in 1966, the property sits directly across from Powderhorn Park's tennis courts and 66 acres of green space, giving tenants immediate access to one of Minneapolis's most recognized parks. Recent capital upgrades include a brand new parking lot in 2025, a new boiler in 2026, newer water heater, and updated electrical. Many units have already been renovated and the property is part of the Minneapolis 4D program providing low taxes and numerous appliance upgrades. The mixed unit mix of 7 one-bedroom and 5 two-bedroom units delivers broad renter appeal with market rents of $1,125 and $1,325 respectively and a potential NOI of $100,318. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to the Offering Memorandum for more information.
Listing Highlights
Interior Details
- Appliances:
- Air Cond:
- Heating: Boiler,Electric,Natural Gas
- Fireplaces:
- Floor:
- Basement:
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 89.40 X 127.10
- Zoning: Residential-Multi-Family
- Roof:
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Parking Lot
Financial Details
- Tax Amount: $12,809
- Taxes w/Assessments: N/A
- Tax/Property ID: 0202824310017
- Tax Year: 2026
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
3400 10th Ave S Minneapolis, MN 55407
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