3010 20th Avenue South
Property Description
An 11-unit, all 1BR/1BA multifamily asset in Minneapolis's Corcoran neighborhood offered at $105,000 per door. The uniform unit mix keeps operations simple and underwriting clean, while a targeted rehab program on turns creates a clear path to rent growth. Located just 0.3 miles from the Lake Street/Midtown Station light rail, tenants have direct access to Downtown Minneapolis and MSP Airport without a car. Five parks are within 1.1 miles including Powderhorn Park, with Midtown Global Market, Abbott Northwestern Hospital, and multiple universities all within close proximity — the kind of location that generates consistent demand and keeps vacancy low. Stable in-place cash flow, simple unit mix, and real rent upside on turns at a basis that still makes sense in today's market.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,125,000 |
| No. of Units: | 11 |
| Average Occupancy: | 7.86 |
| Year Built: | 1960 |
| Lot Size: | 0.18 Acres |
| Opportunity Zone: | No |
| Price per unit: | $102,273 |
| Property Website | Click Here |
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