Property Description
Well-maintained 8-unit apartment building offering consistent in-place income and long-term ownership stability. Fully occupied with a mix of one-bedroom and studio units, generating over $100,000 / year in rental income.This property is enrolled in the Minneapolis 4D Affordable Housing Program, providing a significant property tax reduction and enhancing overall cash flow ? an attractive feature for investors seeking reliable returns.Recent ownership has focused on maintaining a clean, functional property with stable tenancy, making this a true turnkey opportunity. Building features include coin-operated laundry, separate electric, and practical unit layouts that support consistent occupancy.Additional upside potential exists through continued rent optimization and operational efficiencies.Also available is the adjacent lot at 3037 15th Ave S, offering potential for future development, expanded amenities, or added income (buyer to verify).Ideal for investors seeking: Strong day-one cash flow, tax-advantaged ownership and a stabilized asset with operational upside.Consider purchasing the vacant lot that is available next door.
Property Features
Feature Descriptions
Local Schools
Listed By / Shown By
Listed By
Shown By
Agent Name: Tom Engel - Managing Broker
Agent Phone: (763) 416-2423
Agency Title: Counselor Realty
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3033 15th Avenue S | MLS# 7049047
This commercial property located at 3033 15th Avenue S, Minneapolis, MN 55407 is currently listed for sale with an asking price of $775,000. 15th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on tengel.counselorrealty.com today.