3408 Stevens Avenue Minneapolis, MN $ 750,000
3408 Stevens Avenue
$ 750,000
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3408 Stevens Avenue

Minneapolis, MN, 55408
$ 750,000
Bedrooms-- Baths--

Monthly Estimate*

$ 5,180

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Commercial Property for sale in Minneapolis, MN

for $750,000. This building was built in 1923 on a lot size of 0.14.

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.

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Commercial Active

Price

$ 750,000

Property Type

Commercial

Taxes

$ 2,652

Style

Lot Size

0.14

Year Built

1923

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6826491

Features
General
Sewer City Sewer/Connected
Heating Boiler
Utilities Electric Separate
Garage Spaces 0
Year Built 1923
Tax Year 2025
Current Use Residential
Gross Income 92218
Accessibility None
County Hennepin
Net Operating Income 55839
Operating Expense 36379
New Construction N
Property Type Commercial Sale
Contingency None
Subdivision Name Nicollet Ave Add
Directions I-35W to Exit 14 (35th St / 36th St)
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 6
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 2652
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Exterior
Parking Features Parking Lot
Water Source City Water/Connected
Inclusions Building
Lot Size Area 0.14
Lot Dimensions 45 x 131 x 45 x131
Waterfront Y/N N
Foundation Area 6098
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Interior
Basement (Y/N) N
Fuel Natural Gas
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Internal Only
Street Number 1 3408
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* Excluded Features
List By
Mrg Realty Partners, Llc

Broker

david@mrgrealtypartners.com

Email

Affordability Calculator

$5,401
Per Month
96%
4%
0%
Monthly Principal & Interest
$5,180
Monthly Property Taxes
$221
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/2/2026$750,000 Listed Price

Map


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3408 Stevens Avenue, Minneapolis, MN, 55408 is a Commercial Property for sale at $750,000 with a lot size of 0.14. 3408 Stevens Avenue was built in 1923. The property's zip code is 55408 which is in Minneapolis, MN