3408 Stevens Avenue,Minneapolis, MN 55408
Minneapolis, MN 55408
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.
Details
| MLS # | 6826491 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1923 |
| Days On Site | 234 |
| Listing Provided By | MRG Realty Partners, LLC | David B Dirkers |
Features
| Basement | Y |
|---|---|
| Units | 6 |
| Zoning | Residential-Multi-Family |
| Acreage | 0.14 |
Interior
| Heating | Boiler |
|---|
Parking
| Parking Features | Parking Lot |
|---|
Utilities
| Utilities | Electric Separate |
|---|
Taxes
| Property | 2652 |
|---|
Area Information
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55408 |
| Area | 48 |
| Community Name | Nicollet Ave Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Nicollet Ave Add) | |
Price: $750,000 low | high Med: $379,000 On site: 234 low | high Med: 41 | |
Market Activity 55408
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Listings courtesy of Northstar MLS as distributed by MLS GRID.
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Learn More About This Property
| State | MN |
|---|---|
| County | Hennepin |
| City | Minneapolis |
| Zip Code | 55408 |
| Area | 48 |
| Community Name | Nicollet Ave Add |
| School District | 1 |
| High School | Minneapolis |
| Listing VS Median (in Nicollet Ave Add) | |
Price: $750,000 low | high Med: $379,000 On site: 234 low | high Med: 41 | |
