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$1,125,000

  • For Sale
  • Active
  • Commercial
  • 7,344 Sq. Ft.
  • 0.18 Acres
  • Updated 7 days ago
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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.

Full Property Details for 3010 20th Ave S

General

  • Price: $1,125,000
  • Taxes: $3,294 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7088900
  • Updated: 6/8/2026
  • Added to Site: 8 day(s) ago

Parking

  • Parking Features: Parking Lot, Paved Lot

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Minnehaha Add
  • Neighborhood: 16
  • Driving Directions: take I-35, then exit at Riverside Avenue and head south on Chicago Avenue, turning right on 20th Avenue South to arrive at 3010 20th Avenue South on your left.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Electric, Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Common, Electric Separate, Heating Common, Hot Water Common

Structural Information

  • Basement: Yes
  • Foundation Size: 2448
  • Disability Access: None
  • Square Feet: 7,344
  • Finished Down/Base.: 7,344 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1960

Lot Features

  • Lot Size (Acres): 0.18
  • Lot Dimensions: 63.00 x 125.00
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $45,012
  • Tax Amount: $3,294.19
  • Tax Year: 2026
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: BLOCK 002 MINNEHAHA ADDN TO MPLS LOT 3 AND N 13 FT OF LOT 4
  • Inclusions: Building, Fixture/Equipment, Land, Rental License
  • Property ID: 102824220014

Listed by Commercial Investors Group LLC

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Listing agent

— 3010 20th Ave S —

  • Commercial Investors Group LLC

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3010 20th Ave S

School District:Minneapolis Public School District
NameGradesDistance
Folwell Arts Magnet
3611 20th Avenue South, Minneapolis, MN 55407
PK-50.7 mi
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-80.8 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-120.2 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3010 20th Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/08/2026
Listed
$1,125,000
27.84%
MLS
4/05/2018
Sold
$880,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3010 20th Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,773
-58%
$851,000
—
2023
$8,961
-32%
$851,000
7%
2023
$13,204
—
$795,000
12%
2023
$13,204
23%
$710,000
16%
2020
$10,775
14%
$609,600
18%
2019
$9,411
-1%
$518,500
—
2018
$9,507
6%
$518,500
8%
2017
$8,996
1%
$480,000
4%
2016
$8,895
7%
$460,000
13%
2015
$8,278
-7%
$408,000
—
2014
$8,910
-1%
$408,000
—
2013
$8,960
—
$408,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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NMLS#: 1598647

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Listed by Commercial Investors Group LLC

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3010 20th Avenue S, Minneapolis, MN 55407 (MLS# 7088900) is a Commercial property. 3010 20th Avenue S is currently listed for $1,125,000 and was received on June 08, 2026. Want to learn more about 3010 20th Avenue S? Do you have questions about finding other Commercial real estate for sale in Corcoran? You can browse all Corcoran real estate or contact a Coldwell Banker agent to request more information.

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