For Sale Commercial MLS# 7023006

3407 Lyndale Avenue S

Minneapolis, MN 55408

$899,000

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About 3407 Lyndale Avenue S

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.

Property details

Property

Type
commercial
MLS type
Commercial
Status
Active
Year built
1925
Stories
Two
Living area
6,543 sqft
Price / sqft
$137
Lot
0.13
Original price
$955,000
MLS #
7023006

Interior

Features
Window Unit(s), Boiler, Radiator, Egress Window(s), Finished, Full, Storage/Locker, Storage Space, Wood, Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Flooring
Wood
Heating
Boiler, Radiator
Cooling
Window Unit(s)

Exterior & lot

Features
Stucco, Detached Garage, Asphalt, Parking Lot, Paved Lot, Unassigned
Construction
Two, Other, Flat, Rubber
Roof
Flat, Rubber
Foundation
Other
Lot
0302824320057, Level, Residential
Parking
Detached Garage, Asphalt, Parking Lot, Paved Lot, Unassigned
Garage spaces
2

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Electric Separate, Heating Common, Hot Water Common
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$14,934
Tax year
2026
Parcel
0302824320057

Location

Subdivision
Bakers Add
County
Hennepin
Neighborhood
Lyndale
Community
Hennepin, Curbs, Paved Streets, Sidewalks, Storm Sewer, Township, northstar, Minneapolis
Directions
Lyndale Ave S to 3407

Location

Neighborhood
Lyndale
Subdivision
Bakers Add
School district
Minneapolis Public School District

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Listed by Ryan Fischer, RE/MAX Results

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.