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$750,000

0 Beds 0 Baths 0 SQFT 0.14 Acres
Type: Commercial

3408 Stevens Avenue
Minneapolis, MN 55408

MLS#: 6826491
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800
Presented by: MRG Realty Partners, LLC

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.


 

Interior Features

Other Interior Features

Basement (Y/N)No
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
CityMinneapolis
ContingencyNone
CountyHennepin
Current UseResidential
DirectionsI-35W to Exit 14 (35th St / 36th St)
Garage Spaces0
Gross Income92218
HeatingBoiler
High School DistrictMinneapolis
Land Lease Y/NNo
Lender OwnedNo
Lot Size UnitsAcres
Net Operating Income55839
New ConstructionNo
Number Of Units Total6
Operating Expense36379
PostalCityMinneapolis
Property TypeCommercial Sale
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameNicollet Ave Add
Tax Annual Amount$2,652
Tax Year2025
UtilitiesElectric Separate
Year Built1923
Zoning DescriptionResidential-Multi-Family

Exterior

Foundation Area6,098 sqft
InclusionsBuilding
Lot Dimensions45 x 131 x 45 x131
Lot Size Area0 sqft
Parking FeaturesParking Lot
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$750,000

0 Beds 0 Baths 0 SQFT 0.14 Acres
Type: Commercial

3408 Stevens Avenue
Minneapolis, MN 55408

MLS#: 6826491
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800