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$550,000

4 Beds 4 Baths 2,652 SQFT 0.12 Acres
Type: Multi-Family

2641 Lyndale Avenue S
Minneapolis, MN 55408

MLS#: 7060338
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800
Presented by: MRG Realty Partners, LLC

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.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area2,652 sqft
BasementBlock
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
FuelNatural Gas
Laundry FeaturesIn Basement, Common Area

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry
Carport Spaces0
CityMinneapolis
Construction MaterialsBrick
ContingencyNone
CountyHennepin
Directions94 to Lyndale Ave S, the property will be on your left / East side of the street just south of Aldi.
Electric100 Amp Service
Electric Expense0
Fuel Expense0
Garage Spaces0
Gross Income54264
HeatingBoiler
High School DistrictMinneapolis
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2,652 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total4
Operating Expense0
OwnerPaysPest Control
PostalCityMinneapolis
Property SubtypeFourplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameHoblitts Add
Tax Annual Amount$9,743
Tax Year2026
Tenant PaysElectricity, Heat, Hot Water, Sewer, Trash Collection, Water
Trash Expense0
Water Sewer Expense0
Year Built1912

Exterior

Building Area Total3,978 sqft
Foundation Area1,326 sqft
Lot Dimensions45x118
Lot Size Area0 sqft
Parking FeaturesParking Lot
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$550,000

4 Beds 4 Baths 2,652 SQFT 0.12 Acres
Type: Multi-Family

2641 Lyndale Avenue S
Minneapolis, MN 55408

MLS#: 7060338
Courtney Maas-Peker
Courtney Maas-Peker
The Real Estate Advantage
Realtor
Phone: 612.618.4823
Office: 952.224.8800