3010 20th AVE S, Minneapolis, MN 55407
3010 20th AVE S, Minneapolis, MN 55407
3010 20th AVE S, Minneapolis, MN 55407
3010 20th AVE S, Minneapolis, MN 55407
3010 20th AVE S, Minneapolis, MN 55407
3010 20th AVE S, Minneapolis, MN 55407
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Jamie Novak

Jamie Novak

+1(952) 607-6963
$ 1,125,000
Est. payment | /mo

7,840 Sqft Lot

Save
$ 1,125,000
Est. payment | /mo
Save

7,840 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Minnehaha Add

MLS Listing ID 7088900

Year Built 1960

Annual Tax Amount $3,294

Tax Year 2026

Contingent None

Lot Size 7,840 Sqft

Lot Dimensions 63.00 X 125.00

Property Description

11-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,125,000 ($102,273/door). Just 0.3 miles from the Lake Street/Midtown Station light rail, tenants enjoy direct access to Downtown Minneapolis and MSP Airport without a car. The property has seen numerous capital upgrades including a newer boiler, updated electric panels, and energy efficient appliances, and is part of the Minneapolis 4D program providing low taxes and free energy efficiency upgrades. Many units have already been turned with real rent upside remaining on others, creating a clear path to growth on a simple, uniform unit mix that keeps operations straightforward and underwriting clean. Stable in-place cash flow with a potential NOI of $88,445 at a basis that still makes sense in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please referance OM for more information.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Boiler

Inclusions Building, Fixture/Equipment, Land, Rental License

Fireplace No

Exterior

Parking Features Parking Lot, Paved Lot

Utilities Available Electric Common, Electric Separate, Heating Common, Hot Water Common

Present Use Residential

Building

Story Two

Foundation 2448

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Listed by Mike Sowers • Commercial Investors Group LLC

NEARBY SCHOOLS & PROPERTIES

Jamie Novak

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(952) 607-6963

jamie@mnpremierteam.com

7811 Great Plains Blvd, Chanhassen, MN, 55317, USA

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3010 20th AVE S