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$775,000 Just Listed

  • For Sale
  • Active
  • Commercial
  • 5,368 Sq. Ft.
  • 0.17 Acres
  • Updated 5 hours ago
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Well-maintained 8-unit apartment building offering consistent in-place income and long-term ownership stability. Fully occupied with a mix of one-bedroom and studio units, generating over $100,000 / year in rental income. This property is enrolled in the Minneapolis 4D Affordable Housing Program, providing a significant property tax reduction and enhancing overall cash flow - an attractive feature for investors seeking reliable returns. Recent ownership has focused on maintaining a clean, functional property with stable tenancy, making this a true turnkey opportunity. Building features include coin-operated laundry, separate electric, and practical unit layouts that support consistent occupancy. Additional upside potential exists through continued rent optimization and operational efficiencies. Also available is the adjacent lot at 3037 15th Ave S, offering potential for future development, expanded amenities, or added income (buyer to verify). Ideal for investors seeking: Strong day-one cash flow, tax-advantaged ownership and a stabilized asset with operational upside. Consider purchasing the vacant lot that is available next door.

Full Property Details for 3033 15th Ave S

General

  • Price: $775,000
  • Taxes: $2,329 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7049047
  • Updated: 4/4/2026
  • Added to Site: 1 day(s) ago

Interior

  • Appliances: Gas Water Heater, Range, Refrigerator
  • Flooring: Carpet, Luxury Vinyl Plank

Rooms

Bathrooms

  • Total Bathrooms: 8

Bedrooms

  • Total Bedrooms: 6

Parking

  • Parking Features: Concrete

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Williams Add
  • Neighborhood: 64
  • Driving Directions: From Lake St. Go South on 15th Ave. Property is on the left.

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Cooling Type: Wall Unit(s)
  • Heating Type: Boiler, Hot Water, Radiator
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Exterior Const.: Frame
  • Basement: Yes
  • Foundation Size: 2384
  • Roof: Flat, Rubber
  • Disability Access: None
  • Square Feet: 5,368
  • Finished Down/Base.: 5,368 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1971

Lot Features

  • Lot Size (Acres): 0.17
  • Lot Dimensions: 60 x 123
  • Frontage: City Street
  • Zoning: Residential-Multi-Family
  • Lot Description: Light Tree Coverage
  • Fencing (Description): Chain Link

Financial Considerations

  • Operating Expenses: $34,328
  • Tax Amount: $2,329.82
  • Tax Year: 2026
  • Terms: Conventional, Cash
  • Owner Pays: Gas, Heat, Hot Water, Insurance, Grounds Care, Repairs, Sewer, Snow Removal, Taxes, Trash Collection, Water
  • Tenant Pays: Electricity
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Heat: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: BLOCK 004 WILLIAMS ADDN TO MPLS LOTS 19 AND 20
  • Inclusions: Building, Land, Leases
  • Property ID: 202824120153

Listed by Peritus Real Estate

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— 3033 15th Ave S —

  • Peritus Real Estate

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Schools serving 3033 15th Ave S

School District:Minneapolis Public School District
NameGradesDistance
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-80.5 mi
Bancroft Elementary School
3829 13th Avenue South, Minneapolis, MN 55407
PK-51 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-120.5 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 3033 15th Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
4/03/2026
Listed
$775,000
2619.3%
MLS
6/10/1999
Sold
$28,500
—
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 3033 15th Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,588
-59%
$602,000
-2%
2023
$6,379
-3%
$615,000
-2%
2023
$6,573
12%
$629,000
16%
2020
$5,870
-30%
$540,000
18%
2019
$8,332
17%
$459,000
18%
2018
$7,134
6%
$389,000
8%
2017
$6,747
2%
$360,000
5%
2016
$6,633
9%
$343,000
15%
2015
$6,077
-7%
$299,500
—
2014
$6,541
-1%
$299,500
—
2013
$6,578
—
$299,500
—
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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Listed by Peritus Real Estate

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3033 15th Avenue S, Minneapolis, MN 55407 (MLS# 7049047) is a Commercial property. 3033 15th Avenue S is currently listed for $775,000 and was received on April 03, 2026. Want to learn more about 3033 15th Avenue S? Do you have questions about finding other Commercial real estate for sale in Powderhorn? You can browse all Powderhorn real estate or contact a Coldwell Banker agent to request more information.

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