$1,500,000

3543 E Lake Street, Minneapolis, MN 55406

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$1,500,000

(200,000) 01/09/2025

3543 E Lake Street Minneapolis, MN 55406

For Sale MLS# 6522404

11,950 sq ft Commercial

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Data current as of 14/01/2025 18:50:33

Details for 3543 E Lake Street

MLS# 6522404

Description for 3543 E Lake Street, Minneapolis, MN, 55406


LARGE PRICE REDUCTION ! 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.

Listing Information


Property Type: Commercial, Apartments and Retail

Status: Active

Lot Size: 0.21 Acres

Square Feet: 11,950 sq ft

Year Built: 1922

Foundation: 9,215 sq ft

Number Of Units Total: 11

Current Use: Residential,Retail

County: Hennepin

Days On Market: 270

Construction Status: Previously Owned

School Information


District: 1 - Minneapolis

Utilities


Water: City Water - In Street

Sewer: City Sewer - In Street

Other Utilities: Heating Separate

Heating: Natural Gas, Boiler

Exterior / Lot Features


Open Parking: 15

Parking Description: Parking Lot

Exterior: Brick/Stone

Lot Dimensions: 91 X 100

Zoning: Business/Commercial,Other

Additional Exterior/Lot Features: Land Inclusions - Building,Leases

Driving Directions


East of Hiawatha Avenue on Lake Street to AddressWest of the Mississippi River

Financial Considerations


Tax/Property ID: 0602823210117

Tax Amount: 38622

Tax Year: 2023

HomeStead Description: Non-Homesteaded

Price Changes


$1,970,000 Original Price
$1,500,000 Current Price
-$470,000 Total Change
Date Price Change
01/08/2025 06.47 PM $1,500,000 -$200,000
10/04/2024 11.38 AM $1,700,000 -$270,000
04/19/2024 03.00 PM $1,970,000
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Interest rate and annual percentage rate (APR) are based on current market conditions, are for informational purposes only, are subject to change without notice and may be subject to pricing add-ons related to property type, loan amount, loan-to-value, credit score and other variables. Estimated closing costs used in the APR calculation are assumed to be paid by the borrower at closing. If the closing costs are financed, the loan, APR and payment amounts will be higher. If the down payment is less than 20%, mortgage insurance may be required and could increase the monthly payment and APR. Contact us for details. Additional loan programs may be available. Accuracy is not guaranteed, and all products may not be available in all borrower's geographical areas and are based on their individual situation. This is not a credit decision or a commitment to lend.

Sales History

Date Price Change
Currently not available.

Tax Summary

Tax Year Estimated Market Value Total Tax
Currently not available.

Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

Schools nearby 3543 E Lake Street

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Data powered by ATTOM Data Solutions. Copyright© 2025. Information deemed reliable but not guaranteed.

The schools shown represent both the assigned schools and schools by distance based on local school and district attendance boundaries. Attendance boundaries change based on various factors and proximity does not guarantee enrollment eligibility. Please consult your real estate agent and/or the school district to confirm the schools this property is zoned to attend. Information is deemed reliable but not guaranteed.

SchoolDigger ® Rating

The SchoolDigger rating system is a 1-5 scale with 5 as the highest rating. SchoolDigger ranks schools based on test scores supplied by each state's Department of Education. They calculate an average standard score by normalizing and averaging each school's test scores across all tests and grades.

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