Property Attributes
- ID#6493089
- TypeMulti-Family
- CountyHENNEPIN
- CityMinneapolis
- AreaLyndale Ave Add
- NeighborhoodLyndale Ave Add
- Zip55405
- StyleQuadruplex
- Year Built2016
- Taxes$ 20866
- Price$ 1,445,000
- Bedrooms14
- Full Bathrooms13
- Half Bathrooms3
- Sqr Footage7328
- Lot Size5,227 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description
Fabulous multi-level 4 units built in 2016 in the heart of Uptown! Each unit boasts high ceilings, open concept main level with large kitchen, SS appliances, granite counters and breakfast bar, in-unit laundry and separate utilities and mechanicals! *Unit 1 (3BR/2.5 baths) rents at $2220/mo and is now leased 5/1/24-4/29/25. *Unit 2 (4BR/4.5BA) rents at $3710/mo and is leased through 8/31/24. *Unit 3 (3BR/2.5BA) rents @ $2470/mo and is leased through 6/29/24. *Unit 4 (4BR/4.5BA) rents @ $3275/mo and is leased through 7/30/24. Total yearly gross rents is: $140,100. Owner pays and maintains the water/trash bill and charges back the tenants monthly. Units 1 and 3 enjoy a large porch and Units 2 and 4 enjoy a rooftop deck!
Price History | |
---|---|
2/22/2024 | Listed $1,495,000 |
5/1/2024 | 4% - $1,445,000 |
General Features
Sewer | City Sewer/Connected |
---|---|
Heating | Forced Air |
Roof | Age 8 Years or Less,Asphalt |
Garage Spaces | 1 |
Construction Materials | Fiber Cement |
Year Built | 2016 |
Electric | Circuit Breakers,100 Amp Service |
Tenant Pays | Cable TV,Electricity,Gas,Trash Collection |
Levels | More Than 2 Stories |
Property SubType | Quadruplex |
Tax Year | 2024 |
Gross Income | 143500 |
OwnerPays | Insurance,Grounds Care,Repairs,Snow Removal,Taxes,Trash Collection,Water |
Accessibility | None |
County | Hennepin |
Operating Expense | 17750 |
Insurance Expense | 7300 |
New Construction | No |
Property Type | Residential Income |
Association Amenities | Fire Sprinkler System,Porch |
Contingency | None |
MaintenanceExpense | 1950 |
Subdivision Name | Lyndale Ave Add |
Directions | On Lyndale Ave between W 24th and W 25th streets. |
City | Minneapolis |
Buyer Agent Compensation | 2.70 |
High School District | Minneapolis |
Zoning Description | Residential-Multi-Family |
Total Units | 4 |
Street Name | Lyndale |
Land Lease Y/N | No |
Tax Annual Amount | 20866 |
Water Sewer Expense | 3500 |
Additional Parcels Y/N | No |
Virtual Tour | https://tours.spacecrafting.com/n-663tpb |
Days on Market | 81 |
Standard Status | Active |
Lender Owned | No |
Buyer Agent Compensation Type | % |
PostalCity | Minneapolis |
Interior Features
Basement | Block,Egress Window(s),Finished,Full |
---|---|
Basement (Y/N) | Yes |
Above Grade Finished Area | 5810 |
Street Suffix | Avenue |
Below Grade Finished Area | 1518 |
Fuel | Natural Gas |
Garage Square Feet | 240 |
Exterior Features
Parking Features | Assigned,Detached,Asphalt,Open |
---|---|
Lot Features | Public Transit (w/in 6 blks),Tree Coverage - Light |
Water Source | City Water/Connected |
Lot Size Area | 0.12 |
Lot Dimensions | 45x118 |
Lot Size Units | Acres |
Foundation Area | 1518 |
Road Frontage Type | City Street,Curbs,Paved Streets,Sidewalks,Street Lights,Storm Sewer |
Road Responsibility | Public Maintained Road |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool