For Sale: Minneapolis MLS# 7006833
Ask the Agent℠
Ask the Agent℠
Thank You!
An agent will be in contact with you soon to answer your question.
Property Description
14-Unit Apartment Building for Sale in Minneapolis's Vibrant Lyndale Neighborhood
excellent multifamily investment opportunity located at 3220 Blaisdell Avenue South, in the heart of Minneapolis's highly desirable Lyndale neighborhood. This well-positioned 14-unit apartment building offers a strong unit mix, outstanding walkability, and proximity to some of the city's most popular amenities. Property highlights:
14 total units:
8 one-bedroom units
4 two-bedroom units
2 three-bedroom units
Located on a dedicated bike lane, appealing to today's active, urban renter Close to the Y (YMCA) and neighborhood fitness and recreation options. Steps from Lyndale Avenue, known for its vibrant mix of restaurants, shops, cafes, and local businesses minutes from Minneapolis's famous Eat Street along Nicollet Avenue, offering some of the city's best dining and nightlife.
Location advantages:
Walkable, bike-friendly neighborhood with excellent transit access. Strong rental demand driven by nearby dining, retail, and employment centers easy access to downtown Minneapolis, Uptown, and major thoroughfares.
This property combines unit diversity, prime location, and urban lifestyle appeal, making it an attractive opportunity for investors seeking stable income and long-term upside in one of Minneapolis's
most dynamic neighborhoods.
Listing
Listing Status:
Active
Contingency:
None
List Price:
$1,470,000
Property Type:
Commercial
City:
Minneapolis
Garage Spaces:
0
County:
Hennepin
Year Built:
1925
State:
MN
Property Style:
2 Stories
Zip Code:
55408
Neighborhood/Area:
48
Subdivision Name:
Broom & Suffels Add
Interior
Ceiling Height:
8-10
Flooring:
Wood
Refrigerators:
One Per Unit
Appliances Included:
- Range
- Refrigerator
Basement Details:
Full
Exterior
Stories:
Two
Garage Spaces:
0
Foundation Size:
4,880 ft2
Fencing:
Other, Partial
Handicap Accessible:
None
Heating System:
Boiler
Parking Features:
Parking Lot
Unit Amenities:
- Hardwood Floors
- Security Lights
Road Frontage:
City Street
Exterior Material:
- Block
- Brick
- Post and Beam
Roof Details:
Age Over 8 Years
Rooms
Shared Rooms:
Other
Lot & Land
Acres:
0.19
Geolocation:
44.943871, -93.280156
Inclusions:
Building
Lot Dimensions:
164 x 50
Zoning:
Residential-Multi-Family
Lot Description:
- Public Transit (w/in 6 blks)
- Tree Coverage - Light
Farm
Topography:
Level
Schools
School District:
558
District Phone:
6126680000
Expenses
Annual Fuel Expense:
$10,833
Annual Insurance Expense:
$8,577
Annual Maintenance Expense:
$53,392
Annual Trash Expense:
$7,725
Annual Water/Sewer Expense:
$6,642
Financial & Taxes
Tax Year:
2025
Annual Taxes:
$29,252
Lender-owned:
No
Assessment Pending:
No
Taxes w/ Assessments:
$29,252
Income
Annual Gross Income:
$184,400
Rent
Annual Net Income:
$22,344
Units
Total Units:
14
Miscellaneous
Current Use:
Residential
Fuel System:
Natural Gas
Sewer System:
City Sewer - In Street
Available Utilities:
Electric Separate
Water System:
City Water/Connected
Mortgage Calculator
Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter
the price of the home, your down payment and loan term. Property taxes are based on the last
known value for this property or 0.012 of property
price when data is unavailable. Your interest rate and insurance rates will vary based on
credit score, loan type, etc.
This amortization schedule shows how much of your monthly payment will go towards the principle and how
much will go towards the interest.
| Month | Principal | Interest | P&I | Balance |
|---|---|---|---|---|
| Year | Principal | Interest | P&I | Balance |
Local Home Mortgage Professionals
Eric Bloomstrand
Branch Sales Manager
Fairway Home Mortgage NMLS#274211
612-961-2600
Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
Connect with Eric today to get started with your home purchase!
Listing provided by RMLS,
courtesy of Edina Realty, Inc..
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.
Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.