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$750,000

  • For Sale
  • Active
  • Commercial
  • 0.14 Acres
  • Updated 4 days ago
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A 6-unit multifamily investment opportunity located in the Lyndale neighborhood of South Minneapolis. The property is comprised of four two-bedroom units & two one-bedroom units. A new high-efficiency boiler & two new water heaters were installed in 2024. The windows were replaced in 2019. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There is off-street parking in the back of the building; one space for each unit. All current tenants are on month-to-month leases. The property is well located for easy access to I-35W as well as for easy access to numerous neighborhood amenities toward Lyndale Avenue & beyond.

Full Property Details for 3408 Stevens Ave

General

  • Price: $750,000
  • Taxes: $2,652 (2025)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 6826491
  • Updated: 1/13/2026
  • Added to Site: 17 day(s) ago

Parking

  • Parking Features: Parking Lot

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Nicollet Ave Add
  • Neighborhood: 48
  • Driving Directions: I-35W to Exit 14 (35th St / 36th St)

School Information

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

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate

Structural Information

  • Basement: Yes
  • Foundation Size: 6098
  • Disability Access: None
  • Current Bldg. Use: Residential
  • Year Built: 1923

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Dimensions: 45 x 131 x 45 x 131
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $36,379
  • Tax Amount: $2,652
  • Tax Year: 2025

Disclosures and Reports

  • Legal Description: BLOCK 001 NICOLLET AVE ADDN TO MPLS LOT 4 AND S 9 FT OF LOT 3
  • Inclusions: Building
  • Property ID: 302824420078

Listed by MRG Realty Partners, LLC

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Listing agents

— 3408 Stevens Ave —

  • MRG Realty Partners, LLC

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NMLS#: 1598647

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NMLS#: 1598647

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Find the right home insurance for your new home!

with our affiliated in-house agency

Request a Quote

Save up to an additional 20% by bundling your home and auto together!

Schools serving 3408 Stevens Ave

School District:Minneapolis Public School District
NameGradesDistance
Lyndale Elementary School
312 West 34th Street, Minneapolis, MN 55408
PK-50.4 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-81.9 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 3408 Stevens Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
1/01/2026
Listed
$750,000
207.38%
MLS
3/31/2011
Sold
$244,000
—
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 3408 Stevens Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,652
-59%
$713,000
268%
2023
$6,507
2%
$194,000
33%
2023
$6,401
—
$145,900
-78%
2023
$6,401
-37%
$653,000
14%
2020
$10,093
8%
$571,000
12%
2019
$9,349
12%
$510,000
15%
2018
$8,325
8%
$443,500
8%
2017
$7,693
2%
$410,500
5%
2016
$7,561
7%
$391,000
15%
2015
$7,041
-2%
$340,000
3%
2014
$7,207
9%
$330,000
10%
2013
$6,588
—
$300,000
—
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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Listed by MRG Realty Partners, LLC

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3408 Stevens Avenue, Minneapolis, MN 55408 (MLS# 6826491) is a Commercial property. 3408 Stevens Avenue is currently listed for $750,000 and was received on January 01, 2026. Want to learn more about 3408 Stevens Avenue? 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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