Six-Unit Multifamily
For Sale
$750,000
3408 Stevens Avenue, Minneapolis, MN 55408
Six residential units offer off-street parking and recent building mechanical upgrades, with tenants on month-to-month leases.
Property SizeContact for details
Days on Market236
Property Features for 3408 Stevens Avenue
General Information
Standard status
Active
Total Parking Spaces
6
Property subtype
Commercial
Zoning
Residential-Multi-Family
Additional Details
Highway Access
Yes
Multifamily Units
6
Taxes and HOA fees
Annual Taxes
$2,652
Building Details
Year Built
1923
Units
6
Tenancy
Multi
Listing Agency:
MRG Realty Partners, LLC
(619) 756-5718
Listed By:
David B Dirkers · License #40585691
(619) 756-5718
Source:
Juverealestate
Added: Jan 1
Changed: Aug 21
Last Checked: Aug 25 at 9:06AM
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 MRG Realty Partners, LLC
Investment Insights
Based on property information with market context.
This six-unit multifamily property consists of four two-bedroom units and two one-bedroom units. Recent improvements include a new high-efficiency boiler and two new water heaters installed in 2024, with window replacements completed in 2019.
Off-street parking is available in the back of the building with one space for each unit. The building is enrolled in Minneapolis’ 4D program, and all current tenants are on month-to-month leases.
The property is positioned for convenient access to I-35W and local neighborhood amenities in the Lyndale area toward Lyndale Avenue and beyond.
Off-street parking is available in the back of the building with one space for each unit. The building is enrolled in Minneapolis’ 4D program, and all current tenants are on month-to-month leases.
The property is positioned for convenient access to I-35W and local neighborhood amenities in the Lyndale area toward Lyndale Avenue and beyond.
Key Highlights
- 6‑unit multifamily building built in 1923 in the Lyndale neighborhood of South Minneapolis
- Unit mix: four 2‑bedroom units and two 1‑bedroom units
- 2024 upgrades include a new high‑efficiency boiler and two new water heaters
Property Analytics
Property Profile
Current Use
Lease Details
6
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,742
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
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Frequently Asked Questions
What type of property is this?
Apartment building - Six residential units offer off-street parking and recent building mechanical upgrades, with tenants on month-to-month leases.
Where is this apartment building located?
The property is located at 3408 Stevens Avenue Minneapolis, MN.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 6‑unit multifamily building built in 1923 in the Lyndale neighborhood of South Minneapolis; Unit mix: four 2‑bedroom units and two 1‑bedroom units; 2024 upgrades include a new high‑efficiency boiler and two new water heaters
