3540 11th Ave S
Property Description
Located in the Powderhorn Park neighborhood on Minneapolis's south side, 3540 11th Ave S is an 11-unit multifamily asset offered at $1,150,000. Less than a block from Powderhorn Park's 66 acres of green space, lake, tennis courts, playgrounds, and recreation center, the property sits in one of the most tenant-friendly locations in the submarket — the kind of proximity to amenities that drives demand and keeps units filled. Three shopping centers are within 1.5 miles, bus lines are at the doorstep, and light rail is within walking distance, making car-free living entirely practical for tenants. Abbott Northwestern Hospital is minutes away, and North Central University, Augsburg College, and University of St. Thomas all contribute to a consistent and diverse renter base. Downtown Minneapolis is three miles north with easy corridor access throughout the day. Stable in-place cash flow, a proven Powderhorn Park location, and value-add upside on turns make this a compelling acquisition at a basis that works.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,250,000 |
| No. of Units: | 11 |
| Average Occupancy: | 7.53 |
| Year Built: | 1960 |
| Lot Size: | 0.18 Acres |
| Opportunity Zone: | No |
| Price per unit: | $113,636 |
| Property Website | Click Here |
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