Price Reduction
Address
2424 Lyndale Avenue S, Minneapolis, MN
Price
$ 1,445,000
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

Property vs Multi-Family Average in 55405

Price
AVG $730K
$1.45M
Taxes
AVG $8,775
$20,866
Visits
AVG 183
329
Data Provided by Inside Real Estate®
Year Built
AVG 1922
2016

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