3407 Lyndale Avenue S Minneapolis, MN $ 899,000
3407 Lyndale Avenue S
$ 899,000
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3407 Lyndale Avenue S

Minneapolis, MN, 55408
$ 899,000
Bedrooms11 Baths6.0 Sq 6,543

Monthly Estimate*

$ 6,209

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Commercial Property for sale in Minneapolis, MN

for $899,000 with 11 bedrooms and 6 full baths. This 6,543 square foot building was built in 1925 on a lot size of 0.13.

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.

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Commercial Active

Price

$ 899,000

Bedrooms

11

Full Bath

6

Property Type

Commercial

Taxes

$ 14,934

Style

Lot Size

0.13

Year Built

1925

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7023006

Features
General
Sewer City Sewer/Connected
Heating Boiler Radiator
Cooling Window Unit(s)
Utilities Electric Separate Heating Common Hot Water Common
Roof Flat Rubber
Appliances Dishwasher Dryer Microwave Range Refrigerator Washer
Garage Spaces 2
Pool Features None
Year Built 1925
Tenant Pays Cable TV Electricity
Topography Level
Levels Two
Tax Year 2026
Current Use Residential
Gross Income 97140
Accessibility None
County Hennepin
Net Operating Income 97140
Operating Expense 9274
Insurance Expense 7059
New Construction N
Property Type Commercial Sale
Contingency None
MaintenanceExpense 0
Subdivision Name Bakers Add
Directions Lyndale Ave S to 3407
City Minneapolis
High School District Minneapolis
Zoning Description Business/Commercial Residential-Multi-Family
Number Of Units Total 5
Lot Size Units Acres
Carport Spaces 0
Land Lease Y/N N
Tax Annual Amount 14934
Electric Expense 0
Fuel Expense 4039
Trash Expense 0
Water Sewer Expense 5009
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Ceiling Fan(s) Hardwood Floors Kitchen Window Main Floor Primary Bedroom Natural Woodwork Tile Floors Washer/Dryer Hookup
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Interior
Basement Egress Window(s) Finished Full Storage/Locker Storage Space
Basement (Y/N) Y
Total Bedrooms 11
Total Baths 6
Fuel Natural Gas
Garage Square Feet 500
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Exterior
Parking Features Detached Garage Asphalt Parking Lot Paved Lot Unassigned
Lot Features Public Transit (w/in 6 blks) Tree Coverage - Light
Water Source City Water/Connected
Inclusions Building Land Leases Rental License
Lot Size Area 0.13
Building Area Total 6543
Lot Dimensions 45x121
Waterfront Y/N N
Foundation Area 2181
Road Frontage Type Curbs Paved Streets Sidewalks Storm Sewer Township
Road Responsibility Public Maintained Road
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Internal Only
Street Number 1 3407
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* Excluded Features
List By
Re/Max Results

Broker

Ryan@ProTeamMN.com

Email

Affordability Calculator

$7,454
Per Month
83%
17%
0%
Monthly Principal & Interest
$6,209
Monthly Property Taxes
$1,245
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
4/9/2026$899,000 -5.86% Price Down
2/18/2026$955,000 Listed Price

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3407 Lyndale Avenue S, Minneapolis, MN, 55408 is a Commercial Property for sale at $899,000 with 6,543 sqft and a lot size of 0.13. 3407 Lyndale Avenue S has 11 bedrooms, 6.0 baths, and was built in 1925. The property's zip code is 55408 which is in Minneapolis, MN