3537 11th Avenue S, Minneapolis, MN 55407 (MLS# 7071343)

3537 11th Avenue S, Minneapolis, MN 55407

$1,145,000

Property Type: Commercial Bedrooms: 11 Baths: 11 Square Footage: 8,556 Lot Size (sq. ft.): 7,841 Status: Active

Current Price: $1,145,000 List Date: 5/18/2026 Last Modified: 6/26/2026

Overview

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 b ... (Read more)

Listing Details MLS# 7071343

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 10
Owner Occupied: No
Waterfront YN: No
Year Built: 1961
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 2852
For Sale or Lease: For Sale
Acres: 0.18
Lot Dimensions: 63X123
Assessment Pending: No

Property Features

Accessible: Other Air Conditioning: Window Unit(s) Amenities Shared: Coin-op Laundry Leased; Coin-op Laundry Owned CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Brick/Stone Foundation: Brick/Mortar Fuel: Natural Gas Heating: Boiler On Site Utilities: Electric Separate; Heating Separate Owner Pays: Insurance; Sewer; Trash Collection; Water Parking Characteristics: Parking Lot Sewer: City Sewer/Connected Stories: Three Or More Tenant Pays: Electricity; Gas Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 1145000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3537
Street Name: 11th
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55407
Complex/Dev/Subdivision: Maben & Whites Add

Assessments

Assessment Installment: 834.64
Tax With Assessments: 20527.94

Building Information

Building Finished SqFt: 8556
Building SqFt: 8556

More Information

Income and Expenses

Annual Gross Expenses: 104109
Annual Gross Income: 143220
Annual Net Income: 39111

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

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

Sale Options

Sale Includes: Building, Land

Unit 1

Unit Number: 101
Monthly Rent: 1070
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Level: Main Level
Leased?: Yes
Lease Expiration Date: 2026-05-30
No. of 1 Bedroom Units: 11

Unit 10

Full Baths: Yes
Lease Expiration Date: 2026-08-31
Leased?: Yes
Level: 3rd Level
Monthly Rent: 1070
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 303

Unit 11

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: 3rd Level
Monthly Rent: 1100
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 304

Unit 2

Full Baths: Yes
Lease Expiration Date: 2027-01-31
Leased?: Yes
Level: Main Level
Monthly Rent: 1250
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 102

Unit 3

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: Main Level
Monthly Rent: 1025
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 103

Unit 4

Full Baths: Yes
Lease Expiration Date: 2026-05-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1075
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 201

Unit 5

Full Baths: Yes
Lease Expiration Date: 2027-02-28
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1075
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 202

Unit 6

Full Baths: Yes
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 1075
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 203

Unit 7

Full Baths: Yes
Lease Expiration Date: 2026-08-31
Leased?: Yes
Monthly Rent: 1070
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 204

Unit 8

Full Baths: Yes
Lease Expiration Date: 2027-04-30
Leased?: Yes
Level: 3rd Level
Monthly Rent: 1050
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 301

Unit 9

Full Baths: Yes
Lease Expiration Date: 2026-07-31
Leased?: Yes
Level: 3rd Level
Monthly Rent: 1075
Total Bathrooms: Yes
Total Bedrooms: Yes
Total Rooms: 2
Unit Number: 302

Unit Details

Total Units: 11

Listing Office: Universal Realty LLC

Last Updated: June - 26 - 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.

3537 11th Avenue S, Minneapolis, MN 55407 (MLS# 7071343)