47
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$796,000
Est. payment /mo
7,405 Sqft Lot
Active
3033 15th AVE S Minneapolis, MN 55407
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Key Details
Property Type Condo
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Williams Add
MLS Listing ID 6727020
Year Built 1971
Annual Tax Amount $2,238
Tax Year 2025
Contingent None
Lot Size 7,405 Sqft
Acres 0.17
Lot Dimensions 60 x 123
Property Sub-Type Apartment
Property 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). List price includes both properties.
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.
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). List price includes both properties.
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.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Boiler, Hot Water
Cooling Wall Unit(s)
Inclusions Building, Leases
Fireplace No
Appliance Range, Refrigerator
Exterior
Parking Features Concrete
Utilities Available Electric Common, Electric Separate, Heating Common, Hot Water Common
Present Use Residential
Building
Story Two
Foundation 2684
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories Two
Structure Type Stucco
Schools
School District Minneapolis
Listed by John Stiles • First Select
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