Property for Sale in Minneapolis
2409 Lyndale S Avenue
Minneapolis, MN 55405
Property Details
Year Built
1911
Square Feet
7,500
Parking Features
Carport,Detached,Paved
Zoning
Business/Commercial
2025 Property Taxes
$15,753
School District
Minneapolis
County
Hennepin
The property consists of 4 residential units (two 2-bedroom units and two 1-bedroom units) and 2 commercial units, including a bakery. 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 unit 202. 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 on-demand hot water for unit heat in 4 units. Cap Rate: 7.15%. Gross Potential Income $122,000+. High visibility location. Open to creative financing.
394 to Lyndale and home is on the left
Features
Utilities
Electric Common,Electric Separate,Heating Common,Heating Separate,Hot Water Common,Hot Water Separate
Cooling
Window Unit(s)
Heating
Boiler,Forced Air
Sewer
City Sewer - In Street
Water
Public
Additional Info
Includes
Dishwasher,Range,Refrigerator
Listed By
Jerry Lindeen of Metro Group Real Estate
Listed
09/11/25 and last updated 10/08/25
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
