RealtyLens
for saleRealtyLens property overview
$550,000

2820 12th Ave S

Minneapolis, MN, 55407
View more Minneapolis, MN property pages
11Beds
5Baths
4,320Sqft
$127$/sqft

Listing Notes

If space and income potential are on your wish list, this one delivers in a big way. Featuring two 4 bedroom, 2 bathroom units and a 3 bedroom, 1 bathroom basement unit. This triplex is built for maximum versatility and cash flow. Each unit enjoys its own laundry, no sharing, no hassle. Located just a short walk to restaurants, coffee shops, and shopping, the location is just as impressive as the layout. Opportunities like this dont last, come see it before its gone!

Market Insights

Below nearby median-34%

$127/sqft vs a nearby median of $193/sqft.

Nearby median$193/sqft
Nearby properties12
Property size4,320 sqft
  • -34% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 4,320 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$850k$774k$927k · 50% confidence
vs ask $550k−$300k (−54.5%)

Asking price is about 54.5% below the fair value — likely to draw competing offers if it's still on market.

$192/sqft median across 11 tight comps × 4,320 sqft= $829k
  • Pre-war character+$21k +2.5%
Cumulative NYC adjustments+$21k+2.5%

Property Read

FreshnessVerification recommended

The page is useful for research, but the status and price should be verified before acting.

Market Position-34% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read3 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
6 days
Last price change
No change recorded
Listed
May 6, 2026
Photos
33 photos
Property type
multi family
Status
for sale

Photos

Price History

May 8, 2026Initial record
$550,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.