$1,500,000

3543 E Lake Street, Minneapolis, MN 55406

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$1,500,000

(200,000) 01/09/2025

3543 E Lake Street Minneapolis, MN 55406

For Sale MLS# 6522404

11,950 sq ft Commercial

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Data current as of 13/01/2025 01:45:31

Details for 3543 E Lake Street

MLS# 6522404

Description for 3543 E Lake Street, Minneapolis, MN, 55406


LARGE PRICE REDUCTION ! Welcome to an unparalleled opportunity to obtain a well maintained and cared for property nestled in the hip and up and coming Longfellow neighborhood. 3535-3543 E Lake Street and 3002-3010 36th Ave S are three strategically positioned buildings, consisting of six commercial units and five inviting residential apartments, perfectly complemented by a 15-car parking lot. This investment gem also generates additional income through billboard rentals.Seize this chance to elevate your portfolio with a property designed for both stability and growth.

Listing Information


Property Type: Commercial, Apartments and Retail

Status: Active

Lot Size: 0.21 Acres

Square Feet: 11,950 sq ft

Year Built: 1922

Foundation: 9,215 sq ft

Number Of Units Total: 11

Current Use: Residential,Retail

County: Hennepin

Days On Market: 268

Construction Status: Previously Owned

School Information


District: 1 - Minneapolis

Utilities


Water: City Water - In Street

Sewer: City Sewer - In Street

Other Utilities: Heating Separate

Heating: Natural Gas, Boiler

Exterior / Lot Features


Open Parking: 15

Parking Description: Parking Lot

Exterior: Brick/Stone

Lot Dimensions: 91 X 100

Zoning: Business/Commercial,Other

Additional Exterior/Lot Features: Land Inclusions - Building,Leases

Driving Directions


East of Hiawatha Avenue on Lake Street to AddressWest of the Mississippi River

Financial Considerations


Tax/Property ID: 0602823210117

Tax Amount: 38622

Tax Year: 2023

HomeStead Description: Non-Homesteaded

Price Changes


$1,970,000 Original Price
$1,500,000 Current Price
-$470,000 Total Change
Date Price Change
01/08/2025 06.47 PM $1,500,000 -$200,000
10/04/2024 11.38 AM $1,700,000 -$270,000
04/19/2024 03.00 PM $1,970,000
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The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

Schools nearby 3543 E Lake Street

Schools in attendance boundaries Grades Distance Rating
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Schools nearby Grades Distance Rating
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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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