Five-Unit Apartment
For Sale
$899,000
3407 Lyndale Avenue S, Minneapolis, MN 55408
Commercial Sale, Minneapolis, MN
Property SizeContact for details
Lot Size0.13 Acres
Days on Market221
Property Features for 3407 Lyndale Avenue S
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial, Residential-Multi-Family
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Bathroom 5, Bathroom 6, Bedroom 5, Bedroom 2, Bathroom 2, Bedroom 7, Bedroom 9, Bedroom 4, Bedroom 1, Bathroom 4, Bathroom 3, Basement, Bedroom 6, Bedroom 10, Bathroom 1, Bedroom 3, Bedroom 8, Bedroom 11
Parking features
Assigned, Garage - Detached, Parking Lot, Driveway
Exterior features
Stucco
Appliances
Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Subdivision
Bakers Add
Lot features
Public Transit (w/in 6 blks), Tree Coverage - Light
High school district
Minneapolis
Directions
Lyndale Ave S to 3407
Standard status
Active
APN
0302824320057
Lot size
0.13 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
14934
Utilities
Heating system
Other (Heating), Oil
Amenities
basement storage lockers
shared laundry
Building Details
Year built
1925
Roof type
Flat, Rubber
Listing Agency:
RE/MAX Results · RE/MAX International
(952) 848-2400
Listed By:
Ryan Fischer
(952) 829-2900
Added: Feb 17
Changed: Sep 26
Last Checked: Sep 26 at 12:06PM
MLS# 7023006
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.
Investment Insights
Based on property information with market context.
Built in 1925, this five-unit apartment property at 3407 Lyndale Avenue S includes four two-bedroom, one-bath apartments and one three-bedroom, two-bath apartment. The 0.13-acre property has been extensively updated with renovated kitchens featuring new cabinetry, appliances, and countertops, along with refreshed bathrooms, refinished flooring, updated paint, and select replacement windows and doors. Plumbing, electrical, and other concealed building systems have also been upgraded. All five units are currently leased.
Property features include a detached two-car garage, driveway and parking-lot areas, assigned parking, basement storage lockers, and shared laundry. Appliances include ranges, refrigerators, dishwashers, microwaves, washers, and dryers. The building has stucco exterior construction, a flat rubber roof, and oil heating.
Property features include a detached two-car garage, driveway and parking-lot areas, assigned parking, basement storage lockers, and shared laundry. Appliances include ranges, refrigerators, dishwashers, microwaves, washers, and dryers. The building has stucco exterior construction, a flat rubber roof, and oil heating.
Key Highlights
- Five‑unit apartment building with four two‑bedroom units and one three‑bedroom unit
- All 5 units are currently leased
- Renovated kitchens with new cabinetry, appliances, and countertops
Property Analytics
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Current Use
Lease Details
5
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,031
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
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Apartment building - Remodeled multifamily property with leased units, updated kitchens, parking, and storage amenities.
Where is this apartment building located?
The property is located at 3407 Lyndale Avenue 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 units and one three‑bedroom unit; All 5 units are currently leased; Renovated kitchens with new cabinetry, appliances, and countertops
