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For Sale:  Minneapolis MLS# 6692352

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Active
$699,000
/mo Edit
Multi-family:  Four Plex
Built 1900
3,308 sqft • 0.11 acres
Minneapolis schools
MLS# 6692352
763-576-8286
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    Property Description

    This Multi-Family 4-Plex on Lyndale Avenue offers an 899 sq ft finished attic with potential to convert into a 5th unit (requires kitchen addition). Note: converting to a 5th unit changes the property status from residential to commercial with the City of Minneapolis. Zoned CM2 ("Corridor Mixed Use District"), this property is ideal for exploring small business opportunities on the first level while maintaining residential units above. Buyers must verify all City regulations and requirements. Exceptional property with endless potential â?? don't miss out!

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $699,000
    Price per sq ft: $211
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 1
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Four Plex
    Zip Code: 55405
    Neighborhood/Area: Whittier
    Subdivision Name: Garfield Ave Add

    Interior

    Finished Area: 3,308 ft2
    Living Area: 3,308 ft2
    Ranges: One Per Unit
    Refrigerators: One Per Unit
    Basement Details: Stone/Rock

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 1
    Foundation Size: 1,624 ft2
    Handicap Accessible: None
    Heating System: Hot Water
    Parking Features: Detached
    Road Frontage:
    • City Street
    • Sidewalks
    Exterior Material:
    • Metal Siding
    • Stucco
    • Vinyl Siding
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.11
    Geolocation: 44.956989, -93.287613
    Lot Dimensions: See Lister
    Zoning:
    • Business/Commercial
    • Other
    • Residential-Multi-Family

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $8,294
    Lender-owned: No
    Assessment Pending: Yes
    Taxes w/ Assessments: $8,362

    Income

    Annual Gross Income: $50,640
    Misc. Annual Income: None
    Misc. Monthly Income: None

    Units

    Total Units: 4

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Listing provided by RMLS, courtesy of Coldwell Banker Realty.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.