3304 Lyndale Avenue S, Minneapolis, MN 55408
- Added:
- Mar 16, 2026
- Days on Market:
- 107
- Last Refresh:
- Jun 30 at 5:06 am
Property Features for 3304 Lyndale Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 2
- Rooms
- Basement, Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bedroom 1, Bedroom 4
- Parking features
- Parking Lot
- Exterior features
- Vinyl
- Standard status
- Pending
- APN
- 0402824140222
- Size
- 1,700 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 5671
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 1907
Listing agent Ineye Bobmanuel (612) 821-7400
Listing office Keller Williams Realty Integrity Lakes 800 N Washington Ave N Ste 460, Minneapolis, MN (612) 821-7400
Listing date Mar 16, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Year built 1907 with vinyl exterior and forced‑air heating
- Includes 4 bedrooms, 2 bathrooms, and a basement
- Updates noted: 9 newer windows, newer carpet and fixtures
- Recent upgrades noted: new furnace and new appliances
- Bathroom remodel completed
- Zoned for small business; could add a garage with an ADU (per remarks)
Overview
The property is located on a bus line and close to bike paths, with access to nearby lakes, restaurants, and shops. It also sits directly across from a park, offering an open, park-adjacent setting.
From an end-user perspective, the existing improvements can support straightforward rental operations, while the zoning designation for small business may appeal to buyers looking to blend residential income with a qualifying commercial use. The remarks also note a potential opportunity to add a garage with an ADU, which could broaden future layout options, subject to approvals. Overall, it presents a turn-key-feeling multifamily option with additional flexibility tied to the stated zoning and nearby everyday amenities.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $44.3k | $26.04 |
| − Vacancy | −$2.8k | −$1.64 |
| EGI | $41.5k | $24.40 |
| − OpEx | −$18.7k | −$10.98 |
| NOI | $22.8k | $13.42 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.288587
- Latitude
- 44.942679
