Commercial $ 899,000

3407 Lyndale AVE S

Minneapolis, MN 55408

  • 11 Beds
  • 6 Baths
  • 1925 Year Built
This extensively remodeled five-unit apartment building represents a rare, turn-key investment opportunity with both immediate income and long-term upside. The property features four spacious two-bedroom, one-bath units and a highly desirable three-bedroom, two-bath unit, complemented by a two-car garage and additional off-street parking. Kitchens have been fully updated with new cabinetry, modern appliances, fresh countertops, and in-unit or on-site laundry options, while refinished flooring, updated paint, select new windows and doors, and refreshed bathrooms with new tile enhance tenant appeal throughout. Importantly for the discerning investor, the ownership approach prioritized durability and longevity—plumbing, electrical, and other behind-the-walls infrastructure were upgraded with a long-term hold strategy in mind, materially reducing future capital expenditure risk. All five units are currently leased. Additional tenant amenities include basement storage lockers and shared laundry. The sale is driven solely by the seller's pursuit of a new business venture, creating a compelling opportunity to acquire a well-maintained, thoughtfully upgraded asset built for stable performance well into the future.
Listed by Ryan Fischer of RE/MAX Results

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Listing Status Active

    Purchase Type For Sale

    Subdivision Bakers Add

    MLS Listing ID 7023006

    Bedrooms 11

    Year Built 1925

    Annual Tax Amount $14,934

    Tax Year 2026

    Contingent None

    Lot Dimensions 45x121

  • Location

    State MN

    County Hennepin

    Zoning Business/Commercial,Residential-Multi-Family

  • Rooms

    Family Room Other

    Basement Egress Window(s), Finished, Full, Storage/Locker, Storage Space

  • Building

    Lot Description Public Transit (w/in 6 blks), Tree Coverage - Light

    Story Two

    Foundation 2181

    Sewer City Sewer/Connected

    Water City Water/Connected

    Level or Stories Two

    New Construction false

  • Interior

    Heating Boiler, Radiator

    Cooling Window Unit(s)

    Flooring Wood

    Inclusions Building, Land, Leases, Rental License

    Fireplace No

    Appliance Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer

  • Exterior

    Parking Features Detached Garage, Asphalt, Parking Lot, Paved Lot, Unassigned

    Garage Spaces 2.0

    Pool None

    Utilities Available Electric Separate, Heating Common, Hot Water Common

    Roof Type Flat,Rubber

    Present Use Residential

  • Schools

    School District Minneapolis

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CONTACT

Ryan Fischer
Ryan Fischer

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