$3,741 Closing Credit¹
#6704643, Listing Office: Brick & Banister Real Estate
$349,900 List price
408 Lyon Ave Lake City, MN 55041
$4,155
Closing credit¹
2,784 sqft
$126 / sqft
Multi-Family
Property details
About 408 Lyon Ave
Excellent Investment Opportunity – High-Producing Triplex Near Downtown! Don’t miss this well-maintained and income-generating triplex just minutes from downtown and the scenic River Walk! Featuring numerous updates throughout, this property boasts a strong rental history with reliable, long-term tenants. Each unit has separate entrances, offering a great mix of privacy and convenience for tenants. Whether you're an experienced investor or just getting started, this turn-key property is a fantastic addition to any portfolio.
Highlights
Home typeTriplex
HeatingForced Air
StatusActive
Size2,784 sqft
BasementYes
Year built1889
ParkingGravel
MLS #6704741
Summary
- Basement: Yes
- Parking: Gravel
- Heating: Forced Air
- List Price: $349,900
- Price/SqFt: $125
- Lot: Few Trees
- Directions: Highway 61 South, right on Lyon Avenue, located on right.
- Year Built: 1889
- Living Area: 2,784 SqFt
- MLS Number: 6704741
- MLS Name: NORTHSTAR
- Office Name: Lakes Sotheby's International Realty
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Last updated on: 5/29/2025, 11:22:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$349,900
408 Lyon Ave
$4,155
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
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Nearby schools
6
Bluff View Elementary School
Public District PK-6
0.7 mi
•1156 W Lakewood Ave
7
Pepin Elementary School
Public District PK-6
6.0 mi
•510 Pine St
7
Plum City Elementary School
Public District PK-5
13.4 mi
•621 Main St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $57,683. Most Lake City, MN residents have annual incomes between $35k-100k. Most families are married, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
20%
<35k
59%
35k-100k
21%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
31%
Single, No Kids
8%
Single, with Kids
38%
Married, No Kids
23%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
6%
12-17 yrs old
19%
18-34 yrs old
41%
35-64 yrs old
17%
65+ yrs old
What do the neighbors do for fun?
Soccer
PGA/LPGA
NASCAR
Where do the neighbors shop?
Old Navy
Stein Mart
Dollar General
Where do the neighbors go to eat?
Jimmy Johns
Bob Evans
Cracker Barrel
What do the neighbors drive?
GMC
Lincoln
Ram
What do the neighbors listen to?
New Country
News/Talk/Information
Classic Country
All data provided by Home Junction and Claritas
Similar homes for sale
$3,741 Closing Credit¹
#6704473, Listing Office: Brick & Banister Real Estate
This home is located at 408 Lyon Ave in Lake City, MN and zip code 55041. This 2,784 square foot home was built in 1889. Features: 0 bathroom. It has been listed on Rocket Homes since April 21, 2025 and is currently priced at $349,900.
Over 0 listings were sold over their listed price in April 2025 in Lake City, MN. In the same period over 6 listings were sold below the listed price and 0 listings were sold for the listed price. In April 2025 in Lake City, MN there were 22% more homes for sale than in March. In April 2025 median list price was $294,950 and the average listing age was 46 days.
From Rocket Homes Real Estate and based on county public records data.