$1,970,000
3543 E Lake Street
Minneapolis, MN 55406
MLS# 6522404

3543 E Lake Street, Minneapolis, MN 55406
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Property Description
Welcome to an unparalleled opportunity to obtain a well maintained and cared for property nestled in the hip and up and coming Longfellow neighborhood. 3535-3543 E Lake Street and 3002-3010 36th Ave S are three strategically positioned buildings, consisting of six commercial units and five inviting residential apartments, perfectly complemented by a 15-car parking lot. This investment gem also generates additional income through billboard rentals. Seize this chance to elevate your portfolio with a property designed for both stability and growth.

Details
Maps
Contract Information
Status: Active
Current Price: $1,970,000
Contingency: None
ListPrice: 1970000
List Date: 2024-04-19
Owner is an Agent?: No
Auction?: No
Office/Member Info
Association: MAAR
General Property Information
Lot Measurement: Square Feet
Multiple PIDs?: No
Other Parking Spaces: 15
Owner Occupied: No
Year Built: 1922
Yearly/Seasonal: Yearly
Zoning: Business/Commercial, Other
Foundation Size: 9215
For Sale or Lease: For Sale
Lot Dimensions: 91 X 100
Location, Tax and Other Information
Legal Description: BLOCK 002 SECOND DIV OF SEVEN OAK ACRES MPLS LOTS 1 2 3 AND 4
Listing City: Minneapolis
Map Page: 107
Municipality: Minneapolis
School District Phone: 612-668-0000
House Number: 3543
Street Direction Prefix: E
Street Name: Lake
Street Suffix: Street
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55406
Property ID Number: 0602823210117
Tax Year: 2023
Tax Amount: 38622
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: Welcome to an unparalleled opportunity to obtain a well maintained and cared for property nestled in the hip and up and coming Longfellow neighborhood. 3535-3543 E Lake Street and 3002-3010 36th Ave S are three strategically positioned buildings, consisting of six commercial units and five inviting residential apartments, perfectly complemented by a 15-car parking lot. This investment gem also generates additional income through billboard rentals. Seize this chance to elevate your portfolio with a property designed for both stability and growth.
Directions: East of Hiawatha Avenue on Lake Street to Address West of the Mississippi River
Assessments
Tax With Assessments: 38622
Basement
Foundation Dimensions: 95 X 97
Building Information
Building Finished SqFt: 11950
Building SqFt: 20770
Lease Details
Land Leased: Not Applicable
Miscellaneous Information
Homestead: No
Ownership
Fractional Ownership: No
Sale Options
Sale Includes: Building, Leases
Unit 1
No. of 1 Bedroom Units: 1
Unit Details
Total Units: 11
Unit Information
No. of Efficiency Units: 4
Property Features
Accessible: None
CMU Style: Apartments and Retail
Construction Status: Previously Owned
Current Use: Residential; Retail
Exterior: Brick/Stone
Fuel: Natural Gas
Heating: Boiler
On Site Utilities: Heating Separate
Parking Characteristics: Parking Lot
Potential Use: Income; Restaurant; Retail
Rental License Type: Standard
Sewer: City Sewer - In Street
Water: City Water - In Street

Listing Office: Coldwell Banker Realty

Last Updated: April - 22 - 2024

3543 E Lake Street, Minneapolis, MN 55406 - MLS# 6522404
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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.

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