About 3408 Stevens Avenue
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.
Features of 3408 Stevens Avenue
| MLS® # | 6826491 |
|---|---|
| Price | $750,000 |
| Acres | 0.14 |
| Year Built | 1923 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 3408 Stevens Avenue |
|---|---|
| Area | 48 |
| Subdivision | Nicollet Ave Add |
| City | Minneapolis |
| County | Hennepin |
| State | MN |
| Zip Code | 55408 |
Amenities
| Utilities | Electric Separate |
|---|---|
| Parking | Parking Lot |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Boiler |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Stucco |
|---|
School Information
| District | Minneapolis |
|---|
Additional Information
| Days on Market | 226 |
|---|---|
| Zoning | Residential-Multi-Family |
| Foreclosure | No |
| Short Sale | No |
| Taxes | $2,652 |
| Tax Year | 2025 |
Listing Details
| Office | MRG Realty Partners, LLC |
|---|
Listing Map
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