3033 15th Avenue S, Minneapolis, MN 55407 - Photo 1

1/1

$750,000

Sold
Closed
Commercial
5,368 Sq. Ft.
0.17 Acres

1/1

Property Description

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. Ideal for investors seeking: Strong day-one cash flow, tax-advantaged ownership and a stabilized asset with operational upside.

Full Property Details

Full Property Details for 3033 15th Ave S

General

Sold For: $750,000
Taxes: $2,329 (2026)
Status: Closed
Type: Commercial
Source: NorthStarMLS_RMLS
MLS ID: 7049047
Added to Site: 166 day(s) ago

Parking

Parking Features: Concrete

School Information

School District: 1 - 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

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
Sold by Banneker Realty, LLC

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— 3033 15th Ave S —

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Schools

Schools serving 3033 15th Ave S

School District:Minneapolis Public School District

Name	Grades	Distance
Andersen Community 1098 Andersen Lane, Minneapolis, MN 55407	6-8	0.5 mi
Bancroft Elementary School 3829 13th Avenue South, Minneapolis, MN 55407	PK-5	1 mi
South Senior High School 3131 19th Avenue South, Minneapolis, MN 55407	9-12	0.5 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

Date

Details

Price

Change

Source

9/02/2026

Sold

$750,000

-3.23%

MLS

4/03/2026

Listed

$775,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Open House

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Single Family
Active
Updated 2 days ago

5
Beds
3
Total Baths
4,794
Sq. Ft.

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Just Listed

$584,999

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Single Family
Active
Updated 4 days ago

5
Beds
2
Total Baths
3,263
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Listed by Fish MLS Realty

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Just Listed

$499,000

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Updated 15 hours ago

3
Beds
2
Total Baths
2,280
Sq. Ft.

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Just Listed

$589,900

Open House

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Single Family
Active
Updated 4 days ago

5
Beds
3
Total Baths
3,124
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Price Reduced

-$8,050 (-5.2%)

$146,900

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Condo
Active
Updated 5 days ago

2
Beds
2
Total Baths
1,107
Sq. Ft.

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Price Reduced

-$15,000 (-3.37%)

$429,900

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Single Family
Active
Updated 6 days ago

5
Beds
3
Total Baths
3,254
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Price Reduced

-$10,000 (-2.5%)

$389,900

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Single Family
Active
Updated 5 days ago

4
Beds
2
Total Baths
1,857
Sq. Ft.

Listed by RE/MAX Advantage Plus

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Price Reduced

-$24,900 (-4.02%)

$595,000

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Single Family
Active
Updated 2 days ago

4
Beds
3
Total Baths
2,608
Sq. Ft.

2616 Cedar Ave S, Minneapolis, MN 55407 - Photo 1

Sold

$750,000

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Multi-Family
Closed

4
Units
20
Total Beds

Listed by Peritus Real Estate
Sold by Re/Max Advantage Plus

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Sold

$652,500

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Single Family
Closed

4
Beds
4
Total Baths
2,910
Sq. Ft.

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Sold

$650,000

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Single Family
Closed

4
Beds
3
Total Baths
3,101
Sq. Ft.

Listed by Jessica Wagner
Sold by The Nancy Walker Team

3043 31st Ave S, Minneapolis, MN 55406 - Photo 1

Sold

$775,000

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Single Family
Closed

4
Beds
4
Total Baths
3,560
Sq. Ft.

Listed by Keller Williams Realty Integrity Lakes
Sold by Keller Williams Premier Realty Lake Minnetonka

3033 15th Avenue S, Minneapolis, MN 55407 (MLS# 7049047) is a Commercial property that was sold at $750,000 on September 02, 2026. Want to learn more about 3033 15th Avenue S? Do you have questions about finding other Commercial real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

3033 15th Ave S Minneapolis, MN 55407