3407 Lyndale Avenue S Minneapolis, MN 55408
For Sale MLS# 7023006
5,562 sq ft Commercial
Details for 3407 Lyndale Avenue S
MLS# 7023006
Description for 3407 Lyndale Avenue S, Minneapolis, MN, 55408
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.
Listing Information
Property Type: Commercial, Apartments/Multi Family,Low Rise (3- Levels)
Status: Active
Bedrooms: 11
Bathrooms: 6
Lot Size: 0.13 Acres
Square Feet: 5,562 sq ft
Year Built: 1925
Foundation: 2,181 sq ft
Garage: Yes
Stories: 2 Stories
Subdivision: Bakers Add
Number Of Units Total: 5
Current Use: Residential
County: Hennepin
Days On Market: 108
Construction Status: Previously Owned
School Information
District: 1 - Minneapolis
Interior Features
Appliances: Range, Refrigerator, Washer, Microwave, Dishwasher, Dryer
Flooring: Wood
Basement: Full, Egress Windows, Finished (Livable), Storage Space, Storage/Locker
Additional Interior Features: Tile Floors, Washer/Dryer Hookup, Natural Woodwork, Hardwood Floors, Kitchen Window, Ceiling Fan(s)
Utilities
Water: City Water/Connected
Sewer: City Sewer/Connected
Other Utilities: Electric Separate,Heating Common,Hot Water Common
Cooling: Window
Heating: Radiator, Boiler, Natural Gas
Exterior / Lot Features
Garage Spaces: 2
Open Parking: 6
Parking Description: Driveway - Asphalt, Unassigned, Detached Garage, Parking Lot, Paved Lot, Garage Sq Ft - 500.0
Exterior: Stucco
Roof: Flat, Rubber
Lot Dimensions: 45x121
Zoning: Business/Commercial,Residential-Multi-Family
Topography: Level
Additional Exterior/Lot Features: Tree Coverage - Light, Public Transit (w/in 6 blks), Land Inclusions - Building,Land,Leases,Rental License, Road Frontage - Storm Sewer, Township, Paved Streets, Sidewalks, Curbs
Community Features
Community Features: Other
Driving Directions
Lyndale Ave S to 3407
Financial Considerations
Tenant Pays: Cable T.V.,Electric
Owner Pays: Gas,Heat,Hot Water,Lawn,Maintenance/Repair,Snow,Taxes,Trash
Gross Income: 97140
Expense: 9274
Tax/Property ID: 0302824320057
Tax Amount: 14934
Tax Year: 2026
HomeStead Description: Non-Homesteaded
A broker reciprocity listing courtesy: RE/MAX Results
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.
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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 3407 Lyndale Avenue S
Sales History
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Tax Summary
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Data powered by ATTOM Data Solutions. Copyright© 2026. Information deemed reliable but not guaranteed.
Schools
Schools nearby 3407 Lyndale Avenue S
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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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