Home › 3220 Blaisdell Avenue, Minneapolis, MN 55408 (MLS# 7006833)

3220 Blaisdell Avenue, Minneapolis, MN 55408 (MLS# 7006833)

$1,470,000
3220 Blaisdell Avenue
Minneapolis, MN 55408
MLS# 7006833

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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.

Details
Maps
Contract Information
Status: Active
Current Price: 1470000
Contingency: Inspection
ListPrice: 1470000
List Date: 2026-01-09
Owner is an Agent?: No
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 4
Waterfront Present: No
Year Built: 1925
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 4880
For Sale or Lease: For Sale
Acres: 0.19
Lot Dimensions: 164x50
Assessment Pending: No
Location Tax and Other Information
House Number: 3220
Street Name: Blaisdell
Street Suffix: Avenue
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Broom & Suffels Add
Assessments
Tax With Assessments: 29252
Building Information
Building Finished SqFt: 9760
Building SqFt: 14640
Ceiling Height: 8-10
Income and Expenses
Annual Fuel Expense: 10833
Annual Gross Expenses: 162056
Annual Gross Income: 184400
Annual Insurance Expense: 8577
Annual Maintenance Expense: 53392
Annual Net Income: 22344
Annual Trash Expense: 7725
Annual Water/Sewer Expense: 6642
Total Annual Expenses: 162056
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Public Survey Info
Range#: 24
Section#: 03
Township#: 28
Sale Options
Sale Includes: Building
Unit 1
No. of 1 Bedroom Units: 8
Unit 2
No. of 2 Bedroom Units: 4
Unit 3
No. of 3 Bedroom Units: 2
Unit Details
Total Units: 14
Property Features
Accessible: None
Amenities Shared: Coin-op Laundry Owned; Security Building
Amenities Unit: Hardwood Floors; Security Lights
Appliances: Range; Refrigerator
Basement: Full
CMU Style: Apartments/Multi Family
Construction Materials: Block; Brick; Timber/Post & Beam
Construction Status: Previously Owned
Current Use: Residential
Exterior: Brick/Stone
Fencing: Partial; Other
Flooring: Wood
Foundation: Concrete Block; Stone
Fuel: Natural Gas
Heating: Boiler
Location Description: Free Standing
Lock Box Type: None
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light
Miscellaneous Information: Exterior Lighting
On Site Utilities: Electric Separate
Overhead Door Clearance: 0-9 Feet
Owner Pays: Hot Water; HVAC Maintenance; Insurance; Lawn; Lawn; Maintenance/Repair; Management; Repairs; Roof Maintenance; Security; Sewer; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Parking Lot
Rent Rate per Foot: Per Month
Road Frontage: City Street
Roof: Age Over 8 Years
Sewer: City Sewer - In Street
Shared Rooms: Other
Stories: Two
Topography: Level
Wall Description: Plaster
Water: City Water/Connected

Listing Office: Edina Realty, Inc.

Last Updated: May - 27 - 2026

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.

Tuesday 2nd of June 2026 06:25 AM

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