3343 15th AVE S, Minneapolis, MN 55407
3343 15th AVE S, Minneapolis, MN 55407
3343 15th AVE S, Minneapolis, MN 55407
3343 15th AVE S, Minneapolis, MN 55407
3343 15th AVE S, Minneapolis, MN 55407
3343 15th AVE S, Minneapolis, MN 55407
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Derrick Witt

Derrick Witt

+1(952) 373-1492
$ 580,000
Est. payment | /mo

7 Beds

5 Baths

4,791 Sqft Lot

Save
$ 580,000
Est. payment | /mo
Save

7 Beds

5 Baths

4,791 Sqft Lot

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

3343 15th Avenue South is a classic up-down five-unit apartment building built in 1905 and ideally positioned directly across from Powderhorn Park, the Powderhorn Park Recreation Center, public pool, and adjacent parking lot. Located in a proven rental corridor of South Minneapolis, the property features spacious units with hardwood floors, high ceilings, strong natural light, and a history of consistent occupancy. Well-maintained through attentive ownership and professional management, the property has benefited from consistent care and investment over time.
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

Listed by Kurt Sauer • Matthews Real Estate Investment Solutions

Schools and Properties Nearby

Derrick Witt

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(952) 373-1492

derrick@derrickwitt.com

Learn More About LPT Realty

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3343 15th AVE S