Active

2641 Lyndale Avenue S

Minneapolis MN, 55408

$600,000


$226.24 per sqft

Active

2,652 sqft

Multi-family

Built in 1912

This cash-flowing 4-plex, situated on Lyndale Avenue between the Lowry Hill East and Whittier neighborhoods, offers an exceptional addition as a stabilized investment property thats been well managed.

The property has undergone over $80,000+ of capital improvements in the past year, including four new high-efficiency boiler/water heater systems, electrical breakers, some new appliances, and preventative roof maintenance.

Start charging for laundry and parking to further boost the bottom line & NOI.

Tenants pay utilities including RUBS for Water Sewer Trash. Gas & Electric are separately metered and paid directly by tenants which keeps utility costs low for investors.

With strong rental demand for its units, 2641 Lyndale represents a strong long-term investment for owner-occupants and investors alike.

Connect with Nate for more detailed information & other off-market opportunities.

6631730

MLS ID

December 3, 2024

Listed

December 4, 2024

Updated

Map

2641 Lyndale Avenue S
Minneapolis MN, 55408

Interior Features

Total Stories

2


Fireplace

No


Cooling

No


Heating

Yes


Heating Description

Boiler

Exterior/Building Features

Lot Size

0.12 Acres


Roof

Age Over 8 Years, Flat


Sewer

City Sewer/Connected

School Information

School District

Minneapolis

Other Property Details

Taxes

$8,924


Tax Frequency

Annually


Days on Market

1


Garage

No


Parking

Parking Lot


View

No


County

Hennepin


Water Source

City Water/Connected


Pool

No

 

Courtesy of MRG Realty Partners, LLC

If a listing is in Coming Soon status, it is not currently available for showings but will be soon. Open House information is subject to change without warning. This home sale information is not an appraisal, competitive or comparative market analysis, CMA, or home evaluation. Information Deemed Reliable But Not Guaranteed. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Roost Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

©2024 Northstar MLS. All rights reserved. 

Data last updated 2:39 AM UTC, 12/4/2024

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