2641 Lyndale Avenue, Minneapolis, Minnesota, United States, 55408

550,000
for Sale
4
4

About the property:

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.
Property Type:
Fourplex
Status:
for Sale
House Style:
Other
Bedrooms:
4
Bathrooms:
4
Acres:
0.12
Square Feet:
2652
Subdivision:
Hoblitts Add
Garage And Parking:
Parking Lot
Heating:
Boiler
Directions:
94 to Lyndale Ave S, the property will be on your left / East side of the street just south of Aldi.
Association Fee:
0
Is Garage:
Yes
Is Basement:
Yes
Is Apartment:
Yes
Annual Property Taxes:
9,742.94
Listing ID:
7060338

Rooms

Dimensions

Brokered by:
Mrg Realty Partners, Llc
Presented By: