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2641 Lyndale Avenue S

Minneapolis, MN 55408

– beds
– baths
2,652 sqft
$226 per sqft
1912 build
– on site

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.

Listing courtesy of NORTHSTAR / Nathan Schammel / MRG Realty Partners, LLC

Last checked: Checking… • Last updated Dec 12, 2024 •

MLS# 6631730 —

The Building

Year Built:

1912
New Construction:

false
Age Of Property:

112
Construction Materials:

Brick/Stone
Roof:

Age Over 8 Years, Flat
Accessibility Features:

None
Levels:

Two
Main Level Finished Area:

1326.0000
Basement:

Block
Basement:

true
Foundation Area:

1326
Building Area Total:

3978
Above Grade Finished Area:

2652

Room Dimensions

Living Area:

2652

Location

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

The Property

Parcel Number:

3402924320141
Property Type:

Residential Income
Property Subtype:

Quadruplex
Additional Parcels:

false
Lot Size Area:

0.12
Lot Size Dimensions:

45x118
Lot Size Units:

Acres
Water Source:

City Water/Connected
Land Lease:

false

Listing Agent

Contact info:

Taxes

Tax Year:

2024
Tax Annual Amount:

8924
Tax With Assessments:

8924.0000

Heating & Cooling

Heating:

Boiler

Utilities

Electric:

100 Amp Service
Sewer:

City Sewer/Connected

Appliances

Refrigerator:

Four

Schools

High School District:

Minneapolis

The Community

Subdivision Name:

Hoblitts Add
Assessment Pending:

No

Parking

Parking Features:

Parking Lot

Extra Units

# of Units Total:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
12/2/24 Dec 2, 2024	Listed / Active	NORTHSTAR	$600,000	26.3% (17.4% / YR)
5/31/23 May 31, 2023		NORTHSTAR	$475,000
5/16/23 May 16, 2023		NORTHSTAR	$475,000

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This multifamily located in Calhoun Isles, Minneapolis, MN 55408 is currently for sale for $600,000. 2641 Lyndale Avenue S is a 2,652 square foot multifamily with – beds and – baths that has been on Estately for 20 days. 2641 Lyndale Avenue S is in the Calhoun Isles neighborhood of Minneapolis and has a WalkScore® of 94, making it a walker’s paradise. This multifamily is in the attendance area of Whittier International School, South High School, and Andersen United Community School.

Listing Courtesy of: NORTHSTAR and MRG Realty Partners, LLC.

Estately, Inc. is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Thomas Rehman, a licensed Real Estate Broker in the state of Minnesota, and a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc. Information deemed reliable but not guaranteed.

©2024 Regional Multiple Listing Service of Minnesota, Inc. All Rights Reserved. Information deemed reliable but not guaranteed. Property data presented reflects information otherwise available from public records. The REALTOR® providing this information may not have represented the buyer or seller in some or all of the transactions.

The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information on each listing is furnished by the owner and deemed reliable to the best of his/her knowledge, but should be verified by the purchaser. RMLS and Estately, Inc. assume no responsibility for typographical errors, misprints or misinformation. This property is offered without respect to any protected classes in accordance with the law.

Open house information subject to change without notice.

Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.