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$955,000

  • For Sale
  • Active
  • Commercial
  • 6,543 Sq. Ft.
  • 0.13 Acres
  • Updated 12 days ago
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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.

Full Property Details for 3407 Lyndale Ave S

General

  • Price: $955,000
  • Taxes: $14,934 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7023006
  • Updated: 2/20/2026
  • Added to Site: 12 day(s) ago

Interior

  • Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
  • Flooring: Wood

Rooms

Bathrooms

  • Total Bathrooms: 6

Bedrooms

  • Total Bedrooms: 11

Additional Information

  • Amenities: Ceiling Fan(s), Hardwood Floors, Kitchen Window, Main Floor Primary Bedroom, Natural Woodwork, Tile Floors, Washer/Dryer Hookup

Parking

  • Garage: Yes
  • Garage Spaces: 2
  • Parking Features: Detached Garage, Asphalt, Parking Lot, Paved Lot, Unassigned

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Bakers Add
  • Neighborhood: 48
  • Driving Directions: Lyndale Ave S to 3407

School Information

  • School District: 558 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Boiler, Radiator
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Common, Hot Water Common

Structural Information

  • Basement: Yes
  • Finished basement: Yes
  • Basement Desc.: Egress Window(s), Finished, Full, Storage/Locker, Storage Space
  • Foundation Size: 2181
  • Roof: Flat, Rubber
  • Disability Access: None
  • Square Feet: 6,543
  • Finished Down/Base.: 6,543 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1925

Unit Information

  • Units w/Refrigerators: 5

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 45 x 121
  • Frontage: Curbs, Paved Streets, Sidewalks, Storm Sewer, Township
  • Zoning: Business/Commercial, Residential-Multi-Family
  • Lot Description: Public Transit (w/in 6 blks), Light Tree Coverage

Financial Considerations

  • Operating Expenses: $9,274
  • Tax Amount: $14,934
  • Tax Year: 2026
  • Terms: Contract for Deed, Conventional, Cash, Other, Special Funding
  • Owner Pays: Gas, Heat, Hot Water, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
  • Tenant Pays: Cable TV, Electricity
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Owner Pays
  • Pays Heat: Owner Pays
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 012 BLOCK 004 BAKERS ADDN TO MPLS
  • Inclusions: Building, Land, Leases, Rental License
  • Property ID: 302824320057

Listed by RE/MAX Results

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— 3407 Lyndale Ave S —

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Schools serving 3407 Lyndale Ave S

School District:Minneapolis Public School District
NameGradesDistance
Lyndale Elementary School
312 West 34th Street, Minneapolis, MN 55408
PK-50.2 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-82 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
9-121.9 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3407 Lyndale Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
2/20/2026
Listed
$955,000
33.19%
MLS
2/11/2022
Sold
$717,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3407 Lyndale Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$14,378
13%
$791,000
-1%
2023
$12,771
10%
$800,000
11%
2023
$11,577
—
$720,000
-30%
2023
$11,577
-28%
$1,027,000
14%
2020
$16,096
9%
$897,000
12%
2019
$14,758
14%
$801,000
15%
2018
$12,935
16%
$696,500
19%
2017
$11,154
11%
$586,500
15%
2016
$10,017
-3%
$510,000
2%
2015
$10,293
-3%
$500,000
5%
2014
$10,572
-1%
$477,500
—
2013
$10,633
—
$477,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3407 Lyndale Avenue S, Minneapolis, MN 55408 (MLS# 7023006) is a Commercial property. 3407 Lyndale Avenue S is currently listed for $955,000 and was received on February 20, 2026. Want to learn more about 3407 Lyndale Avenue S? Do you have questions about finding other Commercial real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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