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$1,275,000

  • For Sale
  • Active
  • Commercial
  • 9,849 Sq. Ft.
  • 0.21 Acres
  • Updated 6 days ago
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11-unit multifamily in Minneapolis's Corcoran neighborhood offered at $1,275,000 ($113,636/door). The property features a desirable mixed unit mix of 6 two-bedroom and 5 one-bedroom units with market rents of $1,400 and $1,100 respectively, delivering broad renter appeal in a stable primarily residential submarket with strong transit connectivity and consistent tenant demand. Recent capital upgrades include a brand new parking lot in 2025, newer boiler, updated water heaters, and numerous new appliances through energy efficiency programs in 2026. The property is part of the Minneapolis 4D program keeping taxes low. Some units have already been turned with additional value-add upside remaining, all on top of stable in-place cash flow and a potential NOI of $100,377. 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 for 3545 12th Ave S

General

  • Price: $1,275,000
  • Taxes: $7,590 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7088996
  • 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 right on 12th Avenue South and proceed south to 3545 12th 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: 3283
  • Disability Access: None
  • Square Feet: 9,849
  • Finished Down/Base.: 9,849 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1962

Lot Features

  • Lot Size (Acres): 0.21
  • Lot Dimensions: 75 x 123
  • Zoning: Residential-Single Family

Financial Considerations

  • Operating Expenses: $54,740
  • Tax Amount: $7,590.49
  • Tax Year: 2026
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: BLOCK 013 BLOOMINGTON AVE ADDN TO MPLS LOTS 13 14 AND 15
  • Inclusions: Building, Fixture/Equipment, Land, Leases, Rental License
  • Property ID: 202824420090

Listed by Commercial Investors Group LLC

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Listing agent

— 3545 12th 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!

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NMLS#: 1598647

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with our affiliated in-house agency

Request a Quote

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

Schools serving 3545 12th Ave S

School District:Minneapolis Public School District
NameGradesDistance
Bancroft Elementary School
3829 13th Avenue South, Minneapolis, MN 55407
PK-50.3 mi
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-81.1 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-120.8 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 3545 12th Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
6/08/2026
Listed
$1,275,000
127.27%
MLS
6/03/2013
Sold
$561,000
—
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 3545 12th Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2024
$7,425
-39%
$1,183,000
1040%
2023
$12,272
-43%
$103,800
-92%
2023
$21,634
—
$1,337,000
25%
2023
$21,634
33%
$1,071,000
16%
2020
$16,271
9%
$920,000
12%
2019
$14,954
17%
$823,500
18%
2018
$12,802
13%
$698,000
15%
2017
$11,374
11%
$607,000
15%
2016
$10,216
10%
$529,000
15%
2015
$9,310
-7%
$460,000
—
2014
$10,013
-1%
$460,000
—
2013
$10,068
—
$460,000
—
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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Listed by Commercial Investors Group LLC

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3545 12th Avenue S, Minneapolis, MN 55407 (MLS# 7088996) is a Commercial property. 3545 12th Avenue S is currently listed for $1,275,000 and was received on June 08, 2026. Want to learn more about 3545 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.

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