3543 East Lake Street

Minneapolis, MN 55406

$1,970,000
Price
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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...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.
  1. Listed by Coldwell Banker Realty • Jeffrey Nobleza

Property Details for 3543 East Lake Street

Neighborhood
Longfellow
Zoning Jurisdiction
Business/Commercial,Other

Location

Listing Courtesy of Coldwell Banker Realty
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LISTING UPDATED: 04/23/2024 09:06 PM

Property Details for 3543 East Lake Street

StatusActive
MLS #6522404
Days on Compass12
Taxes$38,622 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1922
Lot Size0.21 AC / 9,147 SF
CountyHennepin County

Location

Listing Courtesy of Coldwell Banker Realty
Add your commute

Building Information for 3543 East Lake Street

Stories-Residences11Year Built1922Lot Size0.21 AC / 9,147 SF

Payment Calculator

$13,970 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,751

Property Taxes

$3,219

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3543 East Lake Street

Summary
Location and General Information
  • City Name: Minneapolis
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: East of Hiawatha Avenue on Lake Street to Address West of the Mississippi River
  • Latitude: 44.9480900145
  • Longitude: -93.2206780246
  • Map Coordinate: 107-A4
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Minneapolis
  • City and Location Text: Minneapolis(MN)
  • Postal Code: 55406
  • State Or Province: MN
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 0602823210117
  • Tax Annual Amount: $38,622.00
  • Tax Legal Description: BLOCK 002 SECOND DIV OF SEVEN OAK ACRES MPLS LOTS 1 2 3 AND 4
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2023
  • Tax With Assessments: 38622.0000
School Information
  • High School District: 1 - Minneapolis
  • School District Number: 1
  • School District Phone: 612-668-0000
Property
Lot Information
  • Current Use: Residential, Retail
  • Lot Size Area: 0.21
  • Lot Size Dimensions: 91 X 100
  • Lot Size Units: Square Feet
  • Possible Use: Restaurant, Retail, Investment
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Building Area Total: 11950.0
Property and Assessments
  • Age Of Property: 102
Utilities
  • Sewer: City Sewer - In Street
  • Utilities: Heating Separate
  • Water Source: City Water - In Street
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 9215.0
  • Fuel: Natural Gas
Interior Features
  • Heating: Boiler
  • Basement YN: No

Property History for 3543 East Lake Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 3543 East Lake Street

This home is within Minneapolis Public School Dist..
Rating
School
Type
Grades
Distance
Public - PK to 8
Public - K to 5
Public - 9 to 12
Public - 7 to 12
Rating
School
Distance
Andersen Community
PublicPK to 8

Dowling Elementary School
PublicK to 5

South Senior High School
Public9 to 12

Longfellow Alternative Extended
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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3543 East Lake Street is a mixed use property for sale in Minneapolis, MN 55406. This property was listed for sale on April 19, 2024 by Coldwell Banker Realty, it's currently listed at $1,970,000. This listing's school district is Minneapolis Public School Dist.. Nearby schools include Andersen Community, Dowling Elementary School and South Senior High School. 3543 East Lake Street is a 0-bed, 0-bath, mixed use property built in 1922.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 04/23/2024 09:06 PM