3521 12th Ave S Minneapolis

Located in the Powderhorn Park neighborhood on Minneapolis's south side, 3521 12th Ave S benefits from one of the most tenant-friendly locations in the submarket. Powderhorn Park itself is less than a block away, offering 66 acres of green space, a lake, athletic fields, a recreation center, and year-round community events, a genuine amenity that drives tenant demand and retention. Three shopping centers are within 1.5 miles, five parks are within 1.5 miles, and the neighborhood's walkable, bike-friendly streets make car-free living entirely practical. Abbott Northwestern Hospital is 1.2 miles away, one of the largest employers in the metro, and North Central University, Augsburg College, and University of St. Thomas are all within a short commute. Downtown Minneapolis is three miles north, with solid transit options connecting the corridor throughout the day. Powderhorn Park is a stable, established residential submarket with the kind of location fundamentals that attract tenants and keep them in place.Located in the Powderhorn Park neighborhood on Minneapolis's south side, 3521 12th Ave S is an 11-unit multifamily asset offered at $1,175,000. Less than a block from Powderhorn Park's 66 acres of green space, lake, athletic fields, and recreation center, the property sits in one of the strongest rental locations in the submarket — the kind of amenity that attracts tenants and keeps them in place. Three shopping centers are within 1.5 miles, Abbott Northwestern Hospital is 1.2 miles away, and North Central University, Augsburg College, and University of St. Thomas are all within a short commute, providing consistent demand across multiple tenant profiles. Downtown Minneapolis is three miles north with solid transit connectivity throughout the corridor. Stable in-place cash flow, a proven submarket, and value-add upside on turns make this a straightforward acquisition at a basis that still pencils in today's market.