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3343 15th Ave S
Minneapolis, MN 55407 Powderhorn Park

$580,000 USD

Apartments For Sale  •  3,794 SF

Property Details

• Property Type Apartments
• Total Building Size 3,794 SF
• Lot Size 0.12 AC
• Building Class C
• Year Built 1905
• Zoning R2B

70 Transit Score

80 Walk Score

Highlights

Value-add opportunity in a proven South Minneapolis rental location

Pro forma cap rate of 8.58% with NOI upside through operational efficiencies

Desirable unit mix: four 1BD units and one 3BD unit

Located directly adjacent to Powderhorn Park with trails and green space

Convenient access to retail and restaurants along Lake Street

Recently updated boiler and newer mechanical updates

Public Transportation

Commuter Rail	Drive	Walk	Distance
Target Field Station (Northstar Corridor - Northstar Commuter Rail)	12 min	-	4.7 mi
Airport	Drive	Walk	Distance
Minneapolis-St Paul International/Wold-Chamberlain	18 min	-	8.3 mi