Margaret Fernandez
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3407 Lyndale Avenue S, Minneapolis, MN 55408

$899,000
SQUARE FEET 6,543
MLS# 7023006
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Margaret Fernandez

Margaret Fernandez
Call: (763) 221-4841

STATUS: Active
PROPERTY TYPE: Commercial - Business
SUBDIVISION: Bakers Add
SCHOOL: Minneapolis

Property Description

This extensively remodeled five-unit apartment building represents a rare, turn-key investment opportunity with both immediate income and long-term upside. The property features four spacious two-bedroom, one-bath units and a highly desirable three-bedroom, two-bath unit, complemented by a two-car garage and additional off-street parking. Kitchens have been fully updated with new cabinetry, modern appliances, fresh countertops, and in-unit or on-site laundry options, while refinished flooring, updated paint, select new windows and doors, and refreshed bathrooms with new tile enhance tenant appeal throughout. Importantly for the discerning investor, the ownership approach prioritized durability and longevity?plumbing, electrical, and other behind-the-walls infrastructure were upgraded with a long-term hold strategy in mind, materially reducing future capital expenditure risk. All five units are currently leased. Additional tenant amenities include basement storage lockers and shared laundry. The sale is driven solely by the seller's pursuit of a new business venture, creating a compelling opportunity to acquire a well-maintained, thoughtfully upgraded asset built for stable performance well into the future.

3407 Lyndale Avenue S | MLS# 7023006

This commercial property located at 3407 Lyndale Avenue S, Minneapolis, MN 55408 is currently listed for sale with an asking price of $899,000. Lyndale Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on mfernandez.counselorrealty.com today.

Property Features

Property Type: Commercial - Business
Basement: Yes
Cooling: Window Unit(s)
Fuel Type: Natural Gas
Garage: 2
Heating: Boiler, Radiator
Lot Size: 0.13 Acres
Roof Type: Flat, Rubber
Stories: 2.0
Taxes: $14,934
Year Built: 1925

Feature Descriptions

Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
Basement: Egress Window(s), Finished, Full, Storage/Locker, Storage Space
Current Use: Residential
Days on Site: 246
Foundation Size: 2181
Lot: Public Transit (w/in 6 blks), Tree Coverage - Light
Lot Dimensions: 45x121
Owners Expense: Gas, Heat, Hot Water, Grounds Care, Repairs, Snow Removal, Taxes, Trash Collection
Parcel#: 0302824320057
Parking: Detached Garage, Asphalt, Parking Lot, Paved Lot, Unassigned
Road Frontage: Curbs, Paved Streets, Sidewalks, Storm Sewer, Township
Sale Includes: Building, Land, Leases, Rental License
Sewer: City Sewer/Connected
Shared Rooms: Other
Tenant Expenses: Cable TV, Electricity
Units: 5
Utilities: Electric Separate, Heating Common, Hot Water Common
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: RE/MAX Results
Agency Phone: 952-848-2400

Shown By

Agent Name: Margaret Fernandez
Agent Phone: (763) 221-4841
Agency Title: Counselor Realty

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