2409 Lyndale AVE S new Save Request In-Person Tour Request Virtual Tour
Minneapolis,MN 55405
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Cic 1833 Ecopolitan
MLS Listing ID 6785866
Year Built 1911
Annual Tax Amount $15,753
Tax Year 2025
Lot Size 0.270 Acres
Property Description
This mixed-use property may be the ideal opportunity for an owner-occupant. The property consists of 4 residential units (two 2-bedroom units and two 1-bedroom units) and 2 commercial units. All the units, except residential unit 202, are owned by one owner. The property has been converted to condos so each of the 6 units has its own PID. Potential for owner-occupant to purchase one of the residential units to reside in and use a residential mortgage and purchase the remaining building using a commercial mortgage. The owner of unit 202 currently owns the only garage in the back plus 2 parking spaces on the back side of the property. The entire site has 15 parking spaces. Heating updates are in process including do-demand hot water for unit heat in 4 units. Cap Rate: 7.15%
Location
State MN
County Hennepin
Zoning Business/Commercial
Interior
Heating Boiler,Forced Air
Cooling Window Unit(s)
Inclusions Rental License
Exterior
Parking Features Carport,Detached,Paved
Garage Spaces 1.0
Utilities Available Electric Common,Electric Separate,Heating Common,Heating Separate,Hot Water Common,Hot Water Separate
Roof Type Age Over 8 Years,Rubber
Building
Lot Description Some Trees
Story Two
Foundation 2500
Sewer City Sewer - In Street
Water City Water - In Street
Structure Type Brick/Stone,Vinyl Siding
Schools
School District Minneapolis