3343 15th AVE S Minneapolis, MN 55407
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Blooms Sub Of Lts 24 & 32 Lawrence
MLS Listing ID 7093995
Bedrooms 7
Year Built 1905
Annual Tax Amount $9,343
Tax Year 2025
Contingent None
Lot Size 4,791 Sqft
Lot Dimensions 39x123
Property Description
The asset generates attractive current cash flow while offering significant value-add potential through improved operational efficiencies. Offered at $580,000 with a pro forma cap rate of 8.6%, the property presents an excellent opportunity for a first-time investor or owner-operator seeking a well-located multifamily asset with stable income, strong rental demand, and substantial upside potential in one of Minneapolis' most established neighborhoods.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Boiler
Inclusions Building
Fireplace No
Exterior
Parking Features Detached Garage
Garage Spaces 2.0
Utilities Available Electric Separate
Present Use Residential
Building
Foundation 1443
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Minneapolis
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