$899,000

3407 Lyndale Avenue S, Minneapolis, MN 55408

  • 11 beds |
  • 6 baths |
  • 6,543 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1925
  • Property Lot Size Icon5,663sqft lot
  • Property Parking Icon 2 car garage
  • Property Price Per Square Feet Icon $137/sqft
  • Property List Date Icon Listed 5 months ago

Property Description

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.

Listing Status:
Active
Data Last Updated:
July 22, 2026 at 7:18AM
Listing Office:
RE/MAX Results : 952-848-2400
MLS ID:
7023006
  • Appliances: DishwasherDryerMicrowaveRangeRefrigeratorWasher
  • Basement: Egress Window(s)FinishedFullStorage/LockerStorage Space
  • Flooring: Wood
  • A/C: Window Unit(s)
  • Heating: BoilerRadiator
  • General: Stucco
  • Pool: None
  • Parking: Detached GarageAsphaltParking LotPaved LotUnassigned
  • Roofing: FlatRubber
  • General: TwoOther
  • Road/Access: CurbsPaved StreetsSidewalksStorm SewerTownship
  • Originating MLS: northstar
  • School District: Minneapolis
  • County: Hennepin
  • Topography: Level
  • Zoning: 0302824320057
  • Current Use: Residential
  • Utilities: Electric SeparateHeating CommonHot Water Common
  • Water: City Water/Connected
  • Sewer: City Sewer/Connected
  • Source: northstar

This listing courtesy of RE/MAX Results

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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