#6704643, Listing office: Brick & Banister Real Estate
$324,900 List price
408 Lyon Ave Lake City, MN 55041
2,784 sqft
$117 / 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: $324,900
- Price/SqFt: $116
- 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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Price information
Property sales
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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. The most common annual income of people living in Lake City, MN is between $35k-100k. Most families are married, no kids. The majority of residents in this area have post secondary degree education.
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
#6704473, Listing office: Brick & Banister Real Estate
Frequently asked questions
About 408 Lyon Ave
The listing price of 408 Lyon Ave property is $324,900.
The property 408 Lyon Ave is a multi located in Lake City, Minnesota, 55041.
Active Listing: 408 Lyon Ave is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 408 Lyon Ave are: Bluff View Elementary School (GreatSchools Rating 6/10), Pepin Elementary School (GreatSchools Rating 7/10), Plum City Elementary School (GreatSchools Rating 7/10), Twin Bluff Middle School (GreatSchools Rating 3/10), Alma Elementary School (GreatSchools Rating 6/10), Ellsworth Middle School (GreatSchools Rating 6/10), Lincoln Secondary School (GreatSchools Rating 6/10), Pepin High School (GreatSchools Rating 8/10), Red Wing High School (GreatSchools Rating 7/10).
The property 408 Lyon Ave is 2,784 SqFt (source: MLS/tax record).
The year of construction for 408 Lyon Ave is 1889.
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 $324,900.
Lake City, MN housing market in June 2025 saw over 2 listings sold above listed price, more than 2 sold at listed price and over 1 sold below. The number of homes for sale in Lake City, MN increased by 22.4% between May and June 2025. Listings spent 16 days on the market in June 2025, and had a median list price of $304,000 during the same period.
From Rocket Homes Real Estate and based on county public records data.