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Kim Schlotfeldt

kimschlotfeldt@gmail.com +1(218) 443-3952

$ 1,195,000

Est. payment | -/mo

11 Beds

11 Baths

7,840 Sqft Lot

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$ 1,195,000

Est. payment | -/mo

Save

11 Beds

11 Baths

7,840 Sqft Lot

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Subdivision Maben & Whites Add

MLS Listing ID 7071343

Bedrooms 11

Year Built 1961

Annual Tax Amount $19,693

Tax Year 2026

Contingent None

Lot Size 7,840 Sqft

Lot Dimensions 63X123

Property Description

3537 11th Ave S, Minneapolis, MN 55407 presents an exceptional opportunity to acquire a fully occupied 11-unit multifamily property in one of South Minneapolis' strongest rental corridors. The building consists of spacious one-bedroom apartments and has maintained a long history of 100% occupancy with consistent tenant demand and active waiting lists, demonstrating the area's strong need for affordable workforce housing. Located in the highly desirable Powderhorn Park neighborhood near parks, public transit, shopping, restaurants, and universities, the property attracts stable long-term renters including young professionals, students, healthcare workers, and service employees. The asset features updated units, controlled access, on-site laundry, security system, on-site parking in addition to abundant free street parking, and a strong operational history, providing dependable cash flow with additional upside through future rent growth and continued improvements. Current rents are below market, providing investors with a clear value-add opportunity to increase income and maximize returns through strategic rent adjustments while maintaining strong occupancy. Comparable multifamily properties in the immediate area continue to experience low vacancy rates and strong investor demand due to the neighborhood's affordability, walkability, and accessibility, making this an outstanding opportunity for investors seeking a stabilized, income-producing asset with long-term appreciation potential in a proven Minneapolis rental market.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Interior

Heating Boiler

Cooling Window Unit(s)

Inclusions Building, Land

Fireplace No

Exterior

Parking Features Parking Lot

Utilities Available Electric Separate, Heating Separate

Present Use Residential

Building

Story Three Or More

Foundation 2852

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Three Or More

New Construction false

Schools

School District Minneapolis

Listed by Ahmed Samatar • Universal Realty LLC

Nearby Locations

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Kim Schlotfeldt

REALTOR® | Lic# 40066772

kimschlotfeldt@gmail.com

+1(218) 443-3952

3401 8th Street South, Moorhead, MN, 56560, USA

3537 11th AVE S Minneapolis, MN 55407

Kim Schlotfeldt

Key Details

Location

Interior

Exterior

Building

Schools

3537 11th AVE S