Listed By
Agency Name: Universal Realty LLC
Agency Phone: 612-644-7665
Shown By
Agent Name: Michael Hunstad - Managing Broker
Agent Phone: (612) 840-1224
Agency Title: Counselor Realty
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.
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3537 11th Avenue S, Minneapolis, MN 55407
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3537 11th Avenue S, Minneapolis, MN 55407
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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.
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3537 11th Avenue S | MLS# 7071343
This commercial property located at 3537 11th Avenue S, Minneapolis, MN 55407 is currently listed for sale with an asking price of $1,195,000. 11th Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on www.homesbyhunstad.com today.