3318 E Lake Street Minneapolis, MN 55406
For Sale MLS# 6561135
4,066 sq ftCommercial
Listed by: Edina Realty, Inc.
Details for 3318 E Lake Street
MLS# 6561135
Description for 3318 E Lake Street, Minneapolis, MN, 55406
You do not want to miss this great investment and cash flowing opportunity! Nicely located in the Longfellow neighborhood of Minneapolis and close to several local amenities, Easy access to major roadways and public transportation. This beauty consists of four commercial spaces and one 2 bed/1 bath unit, Many of the units have been rented with long term tenants, 11 Parking spots and on-street parking too! 1 Loading Dock for each lower space. Cosmetic TLC needed. Seller Financing Available.
Listing Information
Property Type: Commercial, Apartments/Multi Family,Apartments and Retail,Low Rise (3- Levels),Office
Status: Active
Lot Size: 0.18 Acres
Square Feet: 4,066 sq ft
Year Built: 1926
Foundation: 2,320 sq ft
Stories: 2 Stories
Subdivision: South Minneapolis Add
Number Of Units Total: 5
Current Use: Commercial,Manufacturing,Office,Other,Professional Service,Residential,Warehouse
County: Hennepin
Days On Market: 296
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Appliances: Gas Water Heater, Range, Refrigerator
Basement: Concrete Block, Poured Concrete
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Common,Heating Common,Hot Water Common
Heating: Electric, Natural Gas, Boiler
Exterior / Lot Features
Parking Description: Guest Parking, Paved Lot, Driveway - Asphalt, On-Street Parking Only, Other
Exterior: Block, Stucco
Roof: Rubber, Age Over 8 Years
Lot Dimensions: 92.32x86
Zoning: Business/Commercial
Additional Exterior/Lot Features: Loading Dock, Public Transit (w/in 6 blks), Land Inclusions - Building,Fixture/Equipment, Road Frontage - Sidewalks, Street Lights, Storm Sewer, City, Curbs, Paved Streets
Driving Directions
Heading northeast on MN-55 / Hiawatha Ave toward E 33rd St, Take the ramp on the right for E Lake St/ County -3 and head toward E Lake St, Turn right onto E Lake St/ County Hwy-3, Arrive at 3318 E Lake St on your left.
Financial Considerations
Tenant Pays: Broadband,Cable T.V.,Electric
Owner Pays: Electric,Fuel,Insurance,Lawn,Maintenance/Repair,Snow,Taxes,Trash,Water/Sewer
Gross Income: 55140
Tax/Property ID: 3102923330120
Tax Amount: 12182
Tax Year: 2023
HomeStead Description: Non-Homesteaded
Price Changes
| Date | Price | Change |
|---|---|---|
| 04/10/2025 11.39 AM | $454,000 | -$15,000 |
| 06/28/2024 01.38 PM | $469,000 |
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Edina Realty, Inc. are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail and detailed information about them includes the name of the listing brokers. Edina Realty, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Edina Realty, Inc., a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. IDX information is provided exclusively for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Open House information is subject to change without notice. Information deemed reliable but not guaranteed.
Copyright 2025 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved.
Payment Calculator
Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.
Sales History & Tax Summary for 3318 E Lake Street
Sales History
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|---|---|---|
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Tax Summary
| Tax Year | Estimated Market Value | Total Tax |
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| Currently not available. | ||
Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
Schools
Schools nearby 3318 E Lake Street
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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.
The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.
SchoolDigger® Rating
The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.
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