Property Listing
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.
Property Information
Status: Active
Sub Type: ********
List Price: $795,000
MLS#: 6727020
Current Price: $795,000
Address: 3033 15th Avenue S, Minneapolis, MN 55407
City: Minneapolis
State: MN
Postal Code: 55407
Geo Lat: 44.947352
Geo Lon: -93.253417
Subdivision: Williams Add
County: Hennepin
Property Description
Year Built: 1971
Lot Size SqFt: 7405.2
Gen Tax: 2588.26
Specials Inst: 331.54
High School: ********
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Total SqFt.: ********
Style: ********
Total Bedrooms: 6
Total Bathrooms: 8
Total Full Baths: ********
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Garage Stalls: 0
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