3010 20th Avenue S, Minneapolis, MN 55407 (MLS# 7088900)

3010 20th Avenue S, Minneapolis, MN 55407

$1,125,000
Property Type: Commercial Square Footage: 7,344 Lot Size (sq. ft.): 7,841 Status: Active
Current Price: $1,125,000 List Date: 6/08/2026 Last Modified: 8/27/2026

Overview

Description

11-unit all 1BR/1BA multifamily in Minneapolis's Corcoran neighborhood offered at $1,125,000 ($102,273/door). Just 0.3 miles from the Lake Street/Midtown Station light rail, tenants enjoy direct access to Downtown Minneapolis and MSP Airport without a car. The property has seen numerous capital upgrades including a newer boiler, updated electric panels, and energy efficient appliances, and is part of the Minneapolis 4D program providing low taxes and free energy efficiency upgrades. Many units have already been turned with real rent upside remaining on others, creating a clear path to growth on a simple, uniform unit mix that keeps operations straightforward and underwriting clean. Stable in-place cash flow with a potential NOI of $88,445 at a basis that still makes sense in today's market. Available individually or as part of a 7-property, 89-unit South Minneapolis portfolio offered at $9,750,000. Please referance OM for more information.

Listing Details MLS# 7088900

General Property Information

Lot Measurement
Acres
Multiple PIDs?
No
Other Parking Spaces
6
Owner Occupied
No
Waterfront YN
No
Year Built
1960
Yearly/Seasonal
Yearly
Zoning
Residential-Multi-Family
Foundation Size
2448
For Sale or Lease
For Sale
Acres
0.18
Lot Dimensions
63.00 X 125.00
Assessment Pending
Yes

Property Features

Accessible: None Assumable Loan: Not Assumable CMU Style: Apartments/Multi Family; Low Rise Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone; Stucco Foundation: Concrete Block Fuel: Electric; Natural Gas Heating: Boiler Loan Terms: Cash; Conventional On Site Utilities: Electric Common; Electric Separate; Heating Common; Hot Water Common Parking Characteristics: Parking Lot; Paved Lot Rental License Type: Standard Sewer: City Sewer/Connected Stories: Two Water: City Water/Connected

Contract Information

Contingency
Inspection
ListPrice
1125000
Owner is an Agent?
Yes
Auction?
No

Location Tax and Other Information

House Number
3010
Street Name
20th
Street Suffix
Avenue
Street Direction Suffix
S
Postal City
Minneapolis
County
Hennepin
State
MN
Zip Code
55407
Complex/Dev/Subdivision
Minnehaha Add

Assessments

Assessment Balance
589.23
Tax With Assessments
3883.42

Basement

Foundation Dimensions
35x70

More Information

Building Information

Building Finished SqFt
7344
Building SqFt
7344

Income and Expenses

Annual Gross Income
138600
Annual Net Income
88445
Total Annual Expenses
45012

Lease Details

Land Leased
Not Applicable

Miscellaneous Information

Homestead
No

Ownership

Fractional Ownership
No

Public Survey Info

Range#
24
Section#
01
Township#
28

Sale Options

Sale Includes
Building, Fixture/Equipment, Land, Rental License

Unit 1

No. of 1 Bedroom Units
11

Unit Details

Total Units
11

Documents

IDX
Listing Office: Commercial Investors Group LLC
Last Updated: August - 27 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
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