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Property Description
A 6-unit multifamily investment opportunity located in the Lyndale neighborhood of South Minneapolis. The property is comprised of four two-bedroom units & two one-bedroom units.A new high-efficiency boiler & two new water heaters were installed in 2024. The windows were replaced in 2019. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There is off-street parking in the back of the building; one space for each unit. All current tenants are on month-to-month leases.The property is well located for easy access to I-35W as well as for easy access to numerous neighborhood amenities toward Lyndale Avenue & beyond.
Property Features
Property Type: Commercial - Business
Fuel Type: Natural Gas
Heating: Boiler
Lot Size: 0.14 Acres
Taxes: $2,652
Year Built: 1923
Feature Descriptions
Current Use: Residential
Days on Site: 282
Foundation Size: 6098
Lot Dimensions: 45 x 131 x 45 x131
Parcel#: 0302824420078
Parking: Parking Lot
Sale Includes: Building
Sewer: City Sewer/Connected
Units: 6
Utilities: Electric Separate
Water: City Water/Connected
Local Schools
School District: Minneapolis
Listed By / Shown By
Listed By
Agency Name: MRG Realty Partners, LLC
Agency Phone: 651-900-4386
Shown By
Agency Title: Counselor Realty
Agency Phone: 612-405-8404
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3408 Stevens Avenue | MLS# 6826491
This commercial property located at 3408 Stevens Avenue, Minneapolis, MN 55408 is currently listed for sale with an asking price of $750,000. Stevens Avenue is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealty.net today.