$795,000/mo

3033 15th Avenue S, Minneapolis, MN 55407

  • 5,368 sqft
  • Property Icon Rental
  • Property Year Built Icon Built in 1971
  • Property Lot Size Icon7,405sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $148/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

First time available since 1999, this well-maintained 8-unit apartment building is a rare find in the heart of the Powderhorn neighborhood. The unit mix includes six 1-bedroom apartments and two studio units, all under the care of a dedicated owner-operator who has taken great pride in providing a quality, well-kept living environment for tenants. Also available for sale is an adjacent vacant lot, located at 3037 15th Ave S. Currently serving as green space, the lot is perfect for gardening, outdoor gatherings, or recreation. Even more, the lot presents a potential development opportunity for added value, whether for additional residential units, structured parking, or creative infill concepts (buyer to verify zoning and development options with the city). The property is enrolled in the Minneapolis 4d Affordable Housing Program, offering a significant property tax reduction in exchange for maintaining affordable rents—a major financial advantage for investors focused on long-term performance and community-minded housing. Located just a short walk from Powderhorn Park and the vibrant Lake Street corridor, residents enjoy easy access to green space, public transit, and a mix of eclectic restaurants, shops, and cultural amenities that make this area a Minneapolis gem. Whether you're looking to expand your portfolio, live on-site, or explore future development, this offering combines location, stability, tax benefits, and upside—making it a standout opportunity in today's market.

Listing Status:
Active
Listing Office:
First Select : 952-934-0468
MLS ID:
6727020
  • Appliances: RangeRefrigerator
  • A/C: Wall Unit(s)
  • Heating: BoilerHot Water

This listing courtesy of First Select

Location

Schools Nearby

M

Mps Metro Sj

932 East 34th Street, Door #8, Minneapolis, MN, 55407

Grades KG-12

0.51 miles away

A

Andersen United Middle School

1098 Andersen Ln, Minneapolis, MN, 55407

Grades 6-8

0.49 miles away

S

South High School

3131 19th Ave S, Minneapolis, MN, 55407

Grades 9-12

0.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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