7,344 sqft

$1,125,000

3010 20th Avenue S, Minneapolis MN, 55407

Price per sqft$153.19

Built in1960

Property size7,344 sqft

Property typeCommercial

Courtesy of Commercial Investors Group LLC, Mike Sowers Listing Contact:

Overview

Active

Inspection

Listed Jun 8, 2026

Updated Aug 27

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.

Other Property Details

Taxes: $3,294
Tax Frequency: Annually

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