Date
Details
Price
Change
Source
6/08/2026
Listed
$1,175,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/2
$1,175,000
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/2
Property Description
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.
Full Property Details
Full Property Details for 3521 12th Ave S
General
- Price: $1,175,000
- Taxes: $5,471 (2026)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7088960
- Updated: 6/8/2026
- Added to Site: 8 day(s) ago
Parking
- Parking Features: Parking Lot
Location
- County: Hennepin
- Township: Minneapolis
- Subdivision: Bloomington Ave Add
- Neighborhood: 64
- Driving 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.
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: 3190
- Disability Access: None
- Square Feet: 9,570
- Finished Down/Base.: 9,570 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1963
Lot Features
- Lot Size (Acres): 0.21
- Lot Dimensions: 75 x 123
- Zoning: Residential-Multi-Family
Financial Considerations
- Operating Expenses: $46,127
- Tax Amount: $5,471.46
- Tax Year: 2026
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: BLOCK 012 BLOOMINGTON AVE ADDN TO MPLS LOTS 13 TO 15 INCL
- Inclusions: Building, Fixture/Equipment, Land, Rental License
- Property ID: 202824420076
Listed by Commercial Investors Group LLC
We Value Your Privacy
We Value Your Privacy
We Value Your Privacy
Listing agent
— 3521 12th Ave S —
Commercial Investors Group LLC
NMLS#: 1598647
Get Pre-Approved Today
Get a Great Insurance Rate
Schools
Schools serving 3521 12th Ave S
School District:Minneapolis Public School District
| Name | Grades | Distance |
|---|---|---|
Bancroft Elementary School 3829 13th Avenue South, Minneapolis, MN 55407 | PK-5 | 0.4 mi |
Andersen Community 1098 Andersen Lane, Minneapolis, MN 55407 | 6-8 | 1 mi |
South Senior High School 3131 19th Avenue South, Minneapolis, MN 55407 | 9-12 | 0.8 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 3521 12th Ave S
Tax History
Tax History for 3521 12th Ave S
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,686
-53%
$1,050,000
903%
2023
$12,076
-39%
$104,700
-91%
2023
$19,730
—
$1,199,300
2%
2023
$19,730
10%
$1,176,000
16%
2020
$17,863
12%
$1,010,000
15%
2019
$15,952
17%
$878,500
18%
2018
$13,654
13%
$744,500
15%
2017
$12,133
8%
$647,500
13%
2016
$11,215
11%
$575,000
15%
2015
$10,120
-7%
$500,000
—
2014
$10,884
-1%
$500,000
—
2013
$10,944
—
$500,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 3521 12th Ave S
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Commercial
- Active
- Updated 6 days ago
- 9,849Sq. Ft.
- 0.21Acres
Listed by Commercial Investors Group LLC
- Commercial
- Active
- 10,170Sq. Ft.
- 0.29Acres
Listed by Stepping Stone Brokers LLC
- Commercial
- Active
- 8,556Sq. Ft.
- 0.18Acres
Listed by Universal Realty LLC
- Commercial
- Active
- Updated 6 days ago
- 6,300Sq. Ft.
- 0.18Acres
Listed by Commercial Investors Group LLC
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Single Family
- Active
- Updated 2 days ago
- 4Beds
- 3Total Baths
- 2,995Sq. Ft.
Listed by Kathy Opheim Johnson (612) 986-2305
- Single Family
- Active
- Updated 3 days ago
- 4Beds
- 5Total Baths
- 4,976Sq. Ft.
Listed by Real Estate Masters, Ltd.
- Single Family
- Active
- Updated 4 days ago
- 4Beds
- 2Total Baths
- 2,503Sq. Ft.
Listed by eXp Realty
- Townhouse
- Active
- Updated 4 days ago
- 3Beds
- 3Total Baths
- 3,546Sq. Ft.
Listed by Ron Clark Construction
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Lots/Land
- Active
- Updated 2 days ago
- 0.109Acres
Listed by RE/MAX Results
- Single Family
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 2,052Sq. Ft.
Listed by Re/Max Advantage Plus
- Single Family
- Active
- Updated 13 hours ago
- 4Beds
- 3Total Baths
- 2,595Sq. Ft.
Listed by RE/MAX Results
- Townhouse
- Active
- Updated 5 days ago
- 3Beds
- 2Total Baths
- 1,854Sq. Ft.
Listed by Edina Realty, Inc.
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
- Commercial
- Closed
- Updated 11 hours ago
- 11,010Sq. Ft.
- 0.19Acres
Listed by National Realty Guild
Sold by Bridge Realty, LLC
Sold by Bridge Realty, LLC
- Multi-Family
- Closed
- 4Units
- 16Total Beds
Listed by Laurie Allen
Sold by eXp Realty
Sold by eXp Realty
- Single Family
- Closed
- Updated 13 days ago
- 5Beds
- 6Total Baths
- 3,447Sq. Ft.
Listed by Al Theisen Team
Sold by Edina Realty, Inc.
Sold by Edina Realty, Inc.
- Single Family
- Closed
- 4Beds
- 4Total Baths
- 3,527Sq. Ft.
Listed by Platzke Real Estate Group
Sold by Tracie Rossman
Sold by Tracie Rossman
3521 12th Avenue S, Minneapolis, MN 55407 (MLS# 7088960) is a Commercial property. 3521 12th Avenue S is currently listed for $1,175,000 and was received on June 08, 2026. Want to learn more about 3521 12th 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.