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 Market235
Property Features for 3407 Lyndale Avenue S
General Information
Property type
Commercial Sale
Property subtype
Apartment
Zoning description
Business/Commercial, Residential-Multi-Family
Bedrooms
11
Bathrooms
6
Full bathrooms
6
Rooms
Basement, Bathroom 4, Bedroom 11, Bedroom 10, Bedroom 5, Bedroom 9, Bedroom 6, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 6, Bedroom 3, Bedroom 4, Bathroom 5, Bathroom 1, Bedroom 2, Bedroom 7, Bedroom 8
Parking features
Driveway, Parking Lot, Garage - Detached, Assigned
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
Oil, Other (Heating)
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: Oct 8
Last Checked: Oct 10 at 5:06AM
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.
At 3407 Lyndale Avenue S, this five-unit apartment building offers four two-bedroom, one-bath residences and one three-bedroom, two-bath residence. Improvements include refreshed kitchens with updated cabinetry, appliances and countertops, along with renovated bathrooms, refinished floors, updated paint, and select replacement windows and doors. Plumbing and electrical systems have also been upgraded. The property was built in 1925 and occupies a 0.13-acre lot.
Parking includes a detached two-car garage and additional off-street spaces. Basement storage lockers and shared laundry serve the residents; laundry is also available in some units. All five apartments are currently leased.
Parking includes a detached two-car garage and additional off-street spaces. Basement storage lockers and shared laundry serve the residents; laundry is also available in some units. All five apartments are currently leased.
Key Highlights
- Five units: four two‑bedroom, one‑bath apartments and one three‑bedroom, two‑bath apartment
- All five apartments are leased
- Updated plumbing and electrical systems, kitchens, and bathrooms
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 - All residences are leased, with four two-bedroom layouts and one three-bedroom unit.
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 units: four two‑bedroom, one‑bath apartments and one three‑bedroom, two‑bath apartment; All five apartments are leased; Updated plumbing and electrical systems, kitchens, and bathrooms
