Remodeled Five-Unit Apartment
For Sale
$899,000
3407 Lyndale Avenue, Minneapolis, MN 55408
Extensively remodeled five-unit building with four two-bedroom units and one three-bedroom unit, all currently leased.
Property Size6,543 SF
Price / SF$137.40
Days on Market290
Property Features for 3407 Lyndale Avenue
General Information
Standard status
Active
Size
6,543 SF
Property subtype
General Commercial
Additional Details
Multifamily Units
5
Taxes and HOA fees
Annual Taxes
$14,934
Amenities
basement storage lockers
shared laundry
Window Air Conditioning
3
Parking.
Asphalt, Unassigned, Lot.
Trees/Woods
Public Transport.
Building Details
Year Built
1925
Stories
2
Tenancy
Multi
Listing Agency:
RE/MAX Results
(612) 888-6127
Listed By:
Ryan Fischer
(612) 888-6127
Source:
Xome
Added: Oct 25, 2025
Changed: Aug 8
Last Checked: Aug 9 at 4:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results
Investment Insights
Based on property information with market context.
This extensively remodeled five-unit apartment building offers a mix of unit layouts, including four spacious two-bedroom, one-bath units and one three-bedroom, two-bath unit. The property includes a two-car garage and additional off-street parking, with kitchens updated using new cabinetry, modern appliances, and refreshed countertops. Throughout the building, refinished flooring, updated paint, select new windows and doors, and renovated bathrooms with new tile support a turn-key tenant experience. Laundry is available with in-unit or on-site options, and basement storage lockers plus shared laundry add additional resident utility.
All five units are currently leased. The ownership upgrades also included behind-the-walls improvements, with plumbing and electrical work performed as part of a durability-focused approach intended to support long-term performance.
The sale is being pursued solely due to the seller’s move into a new business venture.
All five units are currently leased. The ownership upgrades also included behind-the-walls improvements, with plumbing and electrical work performed as part of a durability-focused approach intended to support long-term performance.
The sale is being pursued solely due to the seller’s move into a new business venture.
Key Highlights
- Extensively remodeled 5‑unit apartment building: 4 two‑bedroom/1‑bath units plus 1 three‑bedroom/2‑bath unit
- All five units are currently leased
- Updated kitchens with new cabinetry, modern appliances, and fresh countertops; refinished flooring and updated paint
Property Analytics
Current Use
Lease Details
5
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4,058
Businesses Nearby
Explore this area
Business Placement
Demographics for 55408, MN
33,718
Population
17,874
Households
1.9
Avg Household Size
30
Median Age
59%
College-Educated
91%
High-School Grad
2.7 sq mi
ZIP Area
12,488
Density / Sq Mi
$72,421
Median Household Income
$49,753
Median Earnings
$1,385
Median Rent
$387,500
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Extensively remodeled five-unit building with four two-bedroom units and one three-bedroom unit, all currently leased.
Where is this apartment building located?
The property is located at 3407 Lyndale Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Extensively remodeled 5‑unit apartment building: 4 two‑bedroom/1‑bath units plus 1 three‑bedroom/2‑bath unit; All five units are currently leased; Updated kitchens with new cabinetry, modern appliances, and fresh countertops; refinished flooring and updated paint
