3545 12th Ave S
Property Description
Located in the Corcoran neighborhood on Minneapolis's south side, 3545 21st Ave S is an 11-unit multifamily asset offered at $1,275,000. The property sits in a stable, primarily residential submarket with strong transit connectivity and consistent tenant demand across multiple renter profiles. The Lake Street/Midtown Station light rail is less than a mile away, five parks are within 1.6 miles including Powderhorn Park, and three shopping centers are within 1.5 miles, giving tenants the walkability and access that drives retention. Abbott Northwestern Hospital is within a few miles, and Augsburg College, and North Central University all contribute to steady renter demand throughout the year. Corcoran is a well-established south Minneapolis neighborhood with the community stability and location fundamentals that keep occupancy strong through market cycles. Stable in-place cash flow and a proven submarket make this a solid addition to any south Minneapolis multifamily portfolio.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,275,000 |
| No. of Units: | 11 |
| Average Occupancy: | 7.87 |
| Year Built: | 1962 |
| Lot Size: | 0.21 Acres |
| Opportunity Zone: | No |
| Price per unit: | $115,909 |
| Property Website | Click Here |
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