Five-Unit Apartment
For Sale
$899,000
3407 Lyndale Ave S, Minneapolis, MN 55408
Remodeled apartment property with leased units, updated kitchens, shared laundry, and parking.
Property Size6,543 SF
Price / SF$137.40
Days on Market49
Property Features for 3407 Lyndale Ave S
General Information
Standard status
Active
Size
6,543 SF
Occupancy
100%
Site & Location
Neighborhood
Mckinley
Units
Unit Mix
4 x 2BR/1BA, 1 x 3BR/2BA
Multifamily Units
5
Amenities
basement storage lockers
shared laundry
Building Details
Year Built
1925
Buildings
1
Tenancy
Multi
Listing Agency:
RE/MAX Results
Listed By:
Ryan Fischer
(612) 888-6127
Source:
Putyourrootsdown
Added: Sep 10
Changed: Oct 25
Last Checked: Oct 7 at 3:54PM
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
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Investment Insights
Based on property information with market context.
Built in 1925, this 6,543-square-foot apartment building contains five units: four two-bedroom, one-bath apartments and one three-bedroom, two-bath apartment. Interior improvements include refreshed kitchens with new cabinetry, appliances, and countertops, along with updated bathrooms, flooring, paint, select windows, and doors. Plumbing and electrical systems were also upgraded. Basement storage lockers and shared laundry serve the residents, while the property includes a two-car garage and additional off-street parking. All five apartments are currently leased.
The property is located at 3407 Lyndale Ave S in Minneapolis, Minnesota. Its unit mix, residential amenities, parking, and completed improvements provide a defined multifamily configuration for continued apartment use.
The property is located at 3407 Lyndale Ave S in Minneapolis, Minnesota. Its unit mix, residential amenities, parking, and completed improvements provide a defined multifamily configuration for continued apartment use.
Key Highlights
- Five‑unit apartment building with four two‑bedroom, one‑bath units and one three‑bedroom, two‑bath unit
- 6,543 SF building constructed in 1925
- All five units are currently leased
Property Analytics
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Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
501
Businesses Nearby
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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
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled apartment property with leased units, updated kitchens, shared laundry, and parking.
Where is this apartment building located?
The property is located at 3407 Lyndale Ave S 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: Five‑unit apartment building with four two‑bedroom, one‑bath units and one three‑bedroom, two‑bath unit; 6,543 SF building constructed in 1925; All five units are currently leased
