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MLS# NST7088960 - 3521 12th Avenue S Minneapolis, MN 55407

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Commercial Investors Group LLC is the brokerage office representing the seller for this listing.

Copyright 2019, Regional Multiple Listing Service of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.

The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service of Minnesota, Inc. real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Lakeshore Properties, LLC is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Lakeshore Properties, LLC, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

{"Id":569311,"ORGTABLE":"RAW_Property","MLSCLASS":"COM","MLSNUMBER":"NST7088960","MLSAGENTID":"NST502029211","MLSOFFICEID":"NST26618","ADDRESS":"3521 12th Avenue S","ACRES":0.21,"AGENTOWNER":true,"AUCTIONYN":false,"CITY":"Minneapolis","CONTINGENCY":"None","COUNTY":"Hennepin","CURRENTUSE":"Residential","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"FORECLOSURE":"No","LASTPRICE":1175000.0,"LASTPRICEDATE":"2026-06-08T19:32:08.397","LATITUDE":44.938766,"LENDEROWNED":"No","LISTDATE":"2026-06-08T05:00:00","LISTPRICE":1175000.0,"LIVINGAREA":9570.0,"LONGITUDE":-93.257099,"MODIFICATIONTIMESTAMP":"2026-06-08T19:32:08.395","NEIGHBORHOOD":"64","OFFICE_OFFICENAME":"Commercial Investors Group LLC","PHOTOCOUNT":2,"POSTALCODE":"55407","POTENTIALSHORTSALE":"No","PRESENTUSE":"Yearly","PUBLICREMARKS":"11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,175,000 ($106,818/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, athletic fields, and recreation center, the property sits in one of the strongest rental locations in the submarket. Recent capital upgrades include a newer water heater and mechanicals, new sewer piping, and new LVP flooring in the lower level. Many units have been renovated with additional upside remaining on long term tenant turns. The property carries a very low tax base as part of the Minneapolis 4D program. Potential NOI of $94,017 with stable in-place cash flow and a straightforward value-add path on turns at a basis that still pencils in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more information.","ROADBETWEENWATERFRONTANDHOMEYN":false,"SALEINCLUDES":"Building,Fixture/Equipment,Land,Rental License","SCHOOLDISTRICTNUMBER":"1-Minneapolis","SCHOOLDISTRICTPHONE":"6126680000","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2026-06-08T19:32:08.397","LASTSTATUS":"Active","STREETDIRSUFFIX":"S","STREETNAME":"12th","STREETNUMBER":"3521","STREETSUFFIX":"Avenue","TRANSACTIONTYPE":"For Sale","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1963,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2026-06-08T18:18:10.288","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"23-DSC08419.jpg\"},{\"Order\":2,\"Remarks\":\"24-DSC08429.jpg\"}]","PHOTOORDER":"1,2","SOURCE":"MG_NST"}
{"ListingKey":"NST7914710","AccessibilityFeatures":"None","AdditionalParcelsYN":"False","NST_AgentOwner":"Yes","LivingAreaUnits":"Square Feet","NST_AssessmentPending":"Yes","BasementYN":"True","BuildingAreaTotal":"9570","CumulativeDaysOnMarket":"0","City":"Minneapolis","NST_CommercialStyleType":"Apartments/Multi Family,Low Rise (3- levels)","NewConstructionYN":"False","Contingency":"None","NST_ForSaleOrLease":"For Sale","CountyOrParish":"Hennepin","CurrentUse":"Residential","Directions":"From I-35W, take the 35th Street exit and head east, then turn left on 12th Avenue South and proceed north to 3521 12th Ave S on your right.","DocumentsCount":"1","DocumentsChangeTimestamp":"2026-06-08T18:18:10.289Z","DaysOnMarket":"0","ExteriorFeatures":"Stone,Vinyl","FoundationArea":"3190","FoundationDetails":"Block","NST_FractionalOwnershipYN":"No","NST_Fuel":"Electric,Natural Gas","GarageSpaces":"0","GrossIncome":"145200","Heating":"Boiler","HighSchoolDistrict":"Minneapolis","NST_ForeclosureStatus":"No","Inclusions":"Building,Fixture/Equipment,Land,Rental License","InternetAddressDisplayYN":"True","InternetAutomatedValuationDisplayYN":"False","InternetConsumerCommentYN":"False","InternetEntireListingDisplayYN":"True","LandLeaseYN":"False","Latitude":"44.938766","NST_LenderOwned":"No","Levels":"Two","ListPrice":"1175000","ListingContractDate":"2026-06-08T05:00:00Z","ListingId":"NST7088960","Longitude":"-93.257099","LotSizeArea":"0.21","LotSizeDimensions":"75 X 123","LotSizeUnits":"Acres","NST_NeighborhoodName":"Powderhorn Park","NST_NeighborhoodNumber":"64","NetOperatingIncome":"94017","NumberOfUnitsTotal":"11","OperatingExpense":"46127","OriginalEntryTimestamp":"2026-06-08T13:16:52Z","NST_OwnerOccupied":"No","ParcelNumber":"0202824420076","ParkingFeatures":"Parking Lot","PhotosCount":"2","PhotosChangeTimestamp":"2026-06-08T18:18:10.288Z","PostalCity":"Minneapolis","PostalCode":"55407","NST_PotentialShortSale":"No","NST_PresentUse":"Yearly","PropertyType":"Commercial Sale","PublicRemarks":"11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,175,000 ($106,818/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, athletic fields, and recreation center, the property sits in one of the strongest rental locations in the submarket. Recent capital upgrades include a newer water heater and mechanicals, new sewer piping, and new LVP flooring in the lower level. Many units have been renovated with additional upside remaining on long term tenant turns. The property carries a very low tax base as part of the Minneapolis 4D program. Potential NOI of $94,017 with stable in-place cash flow and a straightforward value-add path on turns at a basis that still pencils in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more information.","PublicSurveyRange":"24","PublicSurveySection":"02","PublicSurveyTownship":"28","NST_RentalLicenseType":"Standard","NST_RentalLicenseYN":"Y","NST_SchoolDistrictFullName":"1 - Minneapolis","NST_SchoolDistrictNumber":"1","NST_SchoolDistrictPhone":"6126680000","Sewer":"City Sewer/Connected","StandardStatus":"Active","StateOrProvince":"MN","StreetDirSuffix":"S","StreetName":"12th","StreetNumber":"3521","StreetNumberNumeric":"3521","StreetSuffix":"Avenue","SubdivisionName":"Bloomington Ave Add","TaxAnnualAmount":"5471.46","NST_TaxWithAssessments":"5889.38","TaxYear":"2026","Township":"Minneapolis","Utilities":"Electric Common,Electric Separate,Heating Common,Hot Water Common","VideosCount":"0","WaterSource":"City Water/Connected","WaterfrontYN":"False","YearBuilt":"1963","ZoningDescription":"Residential-Multi-Family","ListAgentKey":"NST73453","ListAgentMlsId":"NST502029211","ListOfficeMlsId":"NST26618","ListOfficeName":"Commercial Investors Group LLC","ListOfficeKey":"NST26618","ModificationTimestamp":"2026-06-08T19:32:08.395Z","OriginatingSystemName":"northstar","Media":"[{\"ResourceRecordKey\":\"NST7914710\",\"Order\":1,\"MediaObjectID\":\"NST1\",\"MediaURL\":\"https://s3.amazonaws.com/mlsgrid/images/NST7914710/5ef81912-3e2a-4df1-9fea-77be6271378f.jpeg\",\"LongDescription\":\"23-DSC08419.jpg\",\"ImageWidth\":1200,\"ImageHeight\":800,\"ImageSizeDescription\":\"1200x800\",\"MediaModificationTimestamp\":\"2026-06-08T18:17:21.692Z\",\"MediaKey\":\"NST122802723\"},{\"ResourceRecordKey\":\"NST7914710\",\"Order\":2,\"MediaObjectID\":\"NST2\",\"MediaURL\":\"https://s3.amazonaws.com/mlsgrid/images/NST7914710/e397c0ee-5752-4444-82cb-a8f9a17da48d.jpeg\",\"LongDescription\":\"24-DSC08429.jpg\",\"ImageWidth\":1200,\"ImageHeight\":800,\"ImageSizeDescription\":\"1200x800\",\"MediaModificationTimestamp\":\"2026-06-08T18:17:21.647Z\",\"MediaKey\":\"NST122802722\"}]","Media__ResourceRecordKey":"NST7914710","Media__Order":"1","Media__MediaObjectID":"NST1","Media__MediaURL":"https://s3.amazonaws.com/mlsgrid/images/NST7914710/5ef81912-3e2a-4df1-9fea-77be6271378f.jpeg","Media__LongDescription":"23-DSC08419.jpg","Media__ImageWidth":"1200","Media__ImageHeight":"800","Media__ImageSizeDescription":"1200x800","Media__MediaModificationTimestamp":"6/8/2026 6:17:21 PM","Media__MediaKey":"NST122802723","MlgCanView":"True","MlgCanUse":"IDX","PhotoRemarks":"[{\"Order\":1,\"Remarks\":\"23-DSC08419.jpg\"},{\"Order\":2,\"Remarks\":\"24-DSC08429.jpg\"}]","PhotoOrder":"1,2","CustomVTourURL":""}
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