Date
Details
Price
Change
Source
6/08/2026
Listed
$1,250,000
—
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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1/11
$1,250,000
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1/11
Property Description
11-unit all 1BR/1BA multifamily in Minneapolis's Powderhorn Park neighborhood offered at $1,250,000 ($113,636/door). Less than a block from Powderhorn Park's 66 acres of green space, lake, tennis courts, playgrounds, and recreation center, the property sits in one of the most tenant-friendly locations in the submarket. Recent capital upgrades include newer windows, updated electric panels, a newer boiler, and many units renovated within the last few years. The property is part of the Minneapolis 4D program providing low taxes and has received numerous new appliances through energy efficiency programs. Stable in-place cash flow with a potential NOI of $94,185 and clear value-add upside remaining on turns. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Refer to OM for more details.
Full Property Details
Full Property Details for 3540 11th Ave S
General
- Price: $1,250,000
- Taxes: $8,318 (2026)
- Status: Active
- Type: Commercial
- Source: NorthStarMLS_RMLS
- MLS ID: 7088981
- Updated: 6/8/2026
- Added to Site: 8 day(s) ago
Parking
- Parking Features: Parking Lot
Location
- County: Hennepin
- Township: Minneapolis
- Subdivision: Maben & Whites Add
- Neighborhood: 64
- Driving Directions: From I-35W, take the 35th Street exit and head east, then turn left on 11th Avenue South and proceed north to 3540 11th Ave S 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: 2100
- Disability Access: None
- Square Feet: 6,300
- Finished Down/Base.: 6,300 Sq. Ft.
- Current Bldg. Use: Residential
- Year Built: 1960
Lot Features
- Lot Size (Acres): 0.18
- Lot Dimensions: 63.00 x 126.00
- Zoning: Residential-Multi-Family
Financial Considerations
- Operating Expenses: $54,740
- Tax Amount: $8,318.12
- Tax Year: 2026
- Terms: Conventional, Cash
Disclosures and Reports
- Legal Description: BLOCK 002 MABEN & WHITES ADDN TO MPLS LOTS 5 AND 6
- Inclusions: Building, Fixture/Equipment, Land, Leases
- Property ID: 202824310050
Listed by Commercial Investors Group LLC
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Listing agent
— 3540 11th Ave S —
Commercial Investors Group LLC
NMLS#: 1598647
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Schools
Schools serving 3540 11th 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 | 0.9 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 3540 11th Ave S
Tax History
Tax History for 3540 11th Ave S
Year
Property Taxes
Change
Tax Assessment
Change
2024
$6,995
-45%
$1,050,000
402%
2023
$12,698
-35%
$209,300
-83%
2023
$19,668
—
$1,199,300
10%
2023
$19,668
18%
$1,091,000
16%
2020
$16,688
8%
$936,900
11%
2019
$15,456
17%
$844,500
18%
2018
$13,249
12%
$715,500
15%
2017
$11,784
5%
$622,000
7%
2016
$11,229
7%
$581,500
12%
2015
$10,525
-7%
$520,000
—
2014
$11,319
-1%
$520,000
—
2013
$11,382
—
$520,000
—
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 3540 11th Ave S
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- Lots/Land
- Active
- Updated 2 days ago
- 0.109Acres
Listed by RE/MAX Results
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- Updated 5 days ago
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- 2Total Baths
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- Commercial
- Closed
- Updated 11 hours ago
- 11,010Sq. Ft.
- 0.19Acres
Listed by National Realty Guild
Sold by Bridge Realty, LLC
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- Closed
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- 16Total Beds
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Sold by eXp Realty
Sold by eXp Realty
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- Updated 13 days ago
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- 6Total Baths
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Listed by Al Theisen Team
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Sold by Edina Realty, Inc.
- Single Family
- Closed
- 4Beds
- 4Total Baths
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Listed by Platzke Real Estate Group
Sold by Tracie Rossman
Sold by Tracie Rossman
3540 11th Avenue S, Minneapolis, MN 55407 (MLS# 7088981) is a Commercial property. 3540 11th Avenue S is currently listed for $1,250,000 and was received on June 08, 2026. Want to learn more about 3540 11th 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.