2641 Lyndale Avenue South

Minneapolis, MN 55408

$600,000
Price
—
Beds
2,652 Sq. Ft.
$226 / Sq. Ft.
2,652
Sq. Ft.
$226
per Sq. Ft.

Description

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....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.
  1. Listed by MRG Realty Partners, LLC

Property Details for 2641 Lyndale Avenue South

Neighborhood
Whittier
Subdivision Name
Hoblitts Add
LISTING UPDATED: 12/03/2024 08:07 PM

Property Details for 2641 Lyndale Avenue South

StatusActive
MLS #6631730
Days on Compass12
Taxes$8,924 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Quadruplex
Year Built1912
Lot Size0.12 AC / 5,227 SF
CountyHennepin County

Building Information for 2641 Lyndale Avenue South

Stories-Residences4Year Built1912Building Size-Lot Size0.12 AC / 5,227 SF

Property Information for 2641 Lyndale Avenue South

Summary
Location and General Information
  • City Name: Minneapolis
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: 94 to Lyndale Ave S, the property will be on your left / East side of the street just south of Aldi.
  • Latitude: 44.954134
  • Longitude: -93.287632
  • Map Coordinate: 106-C4
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Minneapolis
  • City and Location Text: Minneapolis(MN)
  • Postal Code: 55408
  • State Or Province: MN
  • Public Survey Township: 29
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 3402924320141
  • Tax Annual Amount: $8,924.00
  • Tax Legal Description: LOT 016 BLOCK 002 HOBLITTS ADDN TO MPLS
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2024
  • Tax With Assessments: 8924.0000
School Information
  • High School District: 1 - Minneapolis
  • School District Number: 1
  • School District Phone: 612-668-0000
Property
Lot Information
  • Above Grade Fin SQFT: 2652.0
  • Below Grade Fin SQFT: 0.0
  • SQFT Total: 2652.0
  • Lot Size Area: 0.12
  • Lot Size Dimensions: 45x118
  • Lot Size Units: Acres
  • Present Use: Yearly
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • SQFT Main Total: 1326.0000
  • Building Area Total: 3978.0
  • Above Grade SqFt Total: 2652.0000
  • Below Grade SqFt Total: 1326.0000
Property and Assessments
  • Age Of Property: 112
Utilities
  • Electric: 100 Amp Service
  • Sewer: City Sewer/Connected
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 1326.0
  • Fuel: Natural Gas
  • Roof: Age Over 8 Years, Flat
Interior Features
  • Basement Type: Block
  • DP Resource: Y
  • Heating: Boiler
  • Levels: Two
  • Number of Refrigerator: Four
  • Basement YN: Yes
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Parking: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 600
  • Unit Type Actual Rent: $1,055.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Level: Main Level
  • Unit Type Total Rent: 12660
  • Unit Furnished: No
Unit 2
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Parking: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 600
  • Unit Type Actual Rent: $1,099.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Level: Main Level
  • Unit Type Total Rent: 13188
  • Unit Furnished: No
Unit 3
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 9.00
  • Unit Parking: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 600
  • Unit Type Actual Rent: $1,075.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 12900
  • Unit Furnished: No
Unit 4
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Monthly Expenses: 0.00
  • Unit Parking: 1
  • Unit Rooms Total: 4
  • Unit SqFt: 600
  • Unit Type Actual Rent: $1,099.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Units Total: 1
  • Unit Level: 2nd Level
  • Unit Type Total Rent: 13188
  • Unit Furnished: No

Property History for 2641 Lyndale Avenue South

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2641 Lyndale Avenue South

Taxable ValueLand$160,100Additions$398,900Total$559,000
Tax Record2023$8,924 ($744 / month)
Home Facts
Total Finished SqFt2,652 SqFtAbove Grade Finished SqFt2,652 SqFtStories2Lot Size5,227 SqFtStyleMulti-Family Res (5+ Units)Year Built1912ZoningOR2CountyHENNEPINAPN34-029-24-32-0141

Schools near 2641 Lyndale Avenue South

This home is within Minneapolis Public School Dist..
Rating
School
Type
Grades
Distance
Whittier International
Public - PK to 5
Andersen Community
Public - PK to 8
South Senior High School
Public - 9 to 12
Merc Extended
Public - 9 to 12
Rating
School
Distance
Whittier International
PublicPK to 5

Andersen Community
PublicPK to 8

South Senior High School
Public9 to 12

Merc Extended
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

Homes for Sale near Whittier

Neighborhoods

Cities

ZIPs

More information about 2641 Lyndale Avenue South, Minneapolis, MN 55408

2641 Lyndale Avenue South is a multi-family home for sale in Minneapolis, MN 55408. This property was listed for sale on December 2, 2024 by MRG Realty Partners, LLC, it's currently listed at $600,000. It has been on the market for a total of 12 days and was last sold on May 31, 2023. This listing's school district is Minneapolis Public School Dist.. Nearby schools include Whittier International, Andersen Community and South Senior High School. 2641 Lyndale Avenue South is a 0-bed, 0-bath, 2,652 sqft multi-family home built in 1912.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of MRG Realty Partners, LLC

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 12/03/2024 08:07 PM