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2641 Lyndale Avenue S, Minneapolis, MN 55408

$550,000
  • 2641 Lyndale Avenue S, Minneapolis, MN 55408 Main Photo

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BEDS0 BATHS SQUARE FEET3,978 MLS#7060338
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONHoblitts Add SCHOOLMinneapolis

Property Description

Four unit brick apartment building on the Lyndale corridor where Whittier meets the Wedge, a steady South Minneapolis rental pocket. Blocks to LynLake, the Midtown Greenway and Eat Street, minutes to Uptown, the lakes and downtown. Built in 1912, all one bedroom units, two per floor over a full basement, with off street parking in the rear. Six figures have gone into the mechanicals over the past five years, so the big ticket items are handled. New combination boiler and water heater in each unit (2024), updated electrical panels, gas and electric separately metered with no house meters, and water, sewer and trash billed back through RUBS, so the owner has low utility costs.On site laundry is owned, not leased, and currently free to tenants. Three units leased, one month to month, a fit for an owner occupant in one unit or an investor adding a stabilized, professionally managed building.

2641 Lyndale Avenue S | MLS# 7060338

This multi-family property located at 2641 Lyndale Avenue S, Minneapolis, MN 55408 is currently listed for sale with an asking price of $550,000. Lyndale Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on www.homesbyjoel.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Block
Heating: Boiler
Lot Size: 0.12 Acres
Taxes: $9,742
Year Built: 1912

Feature Descriptions

Days on Site: 86
Exterior: Brick
Foundation Size: 1326
Lot Dimensions: 45x118
Owners Expense: Pest Control
Parcel#: 3402924320141
Parking: Parking Lot
Sewer: City Sewer/Connected
Tenant Expenses: Electricity, Heat, Hot Water, Sewer, Trash Collection, Water
Units: 4
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: MRG Realty Partners, LLC
Agency Phone: 651-900-4386

Shown By

Agency Title: Joel Hentges - Re/Max Advantage Plus
Agency Phone: 952-475-9541

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Estimated Payment

$ 2,196.31 per month $1,224.06 Principal & Interest $811.83 Property Tax $160.42 Homeowner's Insurance

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