3343 15th Avenue S, Minneapolis, MN 55407 (MLS# 7093995)

3343 15th Avenue S, Minneapolis, MN 55407

$550,000

Property Type: Commercial Bedrooms: 7 Baths: 5 Lot Size (sq. ft.): 4,792 Status: Active

Current Price: $550,000 List Date: 6/16/2026 Last Modified: 9/08/2026

Overview

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 esta ... (Read more)

Listing Details MLS# 7093995

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Waterfront YN: No
Year Built: 1905
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 1443
Garage Stalls: 2
For Sale or Lease: For Sale
Acres: 0.11
Lot Dimensions: 39x123
Assessment Pending: No

Property Features

Accessible: None CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Stucco Foundation: Brick/Mortar Fuel: Natural Gas Heating: Boiler On Site Utilities: Electric Separate Sewer: City Sewer/Connected Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 550000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3343
Street Name: 15th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Blooms Sub Of Lts 24 & 32 Lawrence

Assessments

Tax With Assessments: 9574

Building Information

Building Finished SqFt: 3620

More Information

Income and Expenses

Annual Electric Expense: 1240
Annual Fuel Expense: 3462
Annual Gross Income: 74544
Annual Insurance Expense: 8517
Annual Repair Expense: 4987
Annual Trash Expense: 118
Annual Water/Sewer Expense: 4287

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Square Feet: 400

Public Survey Info

Range#: 24
Section#: 02
Township#: 28

Sale Options

Sale Includes: Building

Unit 1

Unit Number: Yes
Monthly Rent: 1345
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2026-11-04
No. of 1 Bedroom Units: 4

Unit 2

Full Baths: Yes
Lease Expiration Date: 2026-11-04
Leased?: Yes
Monthly Rent: 1160
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 2

Unit 3

No. of 3 Bedroom Units: Yes
Full Baths: Yes
Lease Expiration Date: 2026-11-04
Leased?: Yes
Monthly Rent: 999
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 3

Unit 4

Full Baths: Yes
Lease Expiration Date: 2026-06-04
Leased?: Yes
Monthly Rent: 999
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 4

Unit 5

Full Baths: Yes
Lease Expiration Date: 2026-06-04
Leased?: Yes
Monthly Rent: 1729
Total Bathrooms: Yes
Total Bedrooms: 3
Unit Number: 5

Unit Details

Total Units: 5

Listing Office: Matthews Real Estate Investment Solutions

Last Updated: September - 08 - 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.

3343 15th Avenue S, Minneapolis, MN 55407 (MLS# 7093995)