2424 Lyndale Avenue S, Minneapolis, MN 55405 (MLS# 6493089)
$1,445,000
Minneapolis, MN 55405
MLS# 6493089
Status: Closed
14 beds | 16 baths | 7328 sqft
1 / 56
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 6/29/25. *Unit 4 (4BR/4.5BA) was rented @ $3275/mo and is now vacant. 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!
Details
Maps
Contract Information
Status: Closed
Off Market Date: 2024-07-11
Contingency: None
Current Price: 1340000
Closed Date: 2024-08-23
Original List Price: 1495000
ListPrice: 1445000
Sales Close Price: 1340000
List Date: 2024-02-22
Owner is an Agent?: Yes
Auction?: No
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Year Built: 2016
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Bedrooms: 14
Baths Total: 16
Main Floor Total SqFt: 1518
Above Ground SqFt: 5810
Below Grd Total SqFt: 1518
Total SqFt: 7328
Foundation Size: 1518
Style: (MF) Four Plex
Total Finished Sqft: 7328.00
Power Company: Xcel Energy
Garage Stalls: 1
Lot Dimensions: 45x118
Acres: 0.12
Location Tax and Other Information
House Number: 2424
Street Name: Lyndale
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Lyndale Ave Add
Assessments
Tax With Assessments: 20866
Building Information
Finished SqFt Above Ground: 5810
Finished SqFt Below Ground: 1518
Income and Expenses
Annual Gross Expenses: 17750
Annual Gross Income: 143500
Annual Insurance Expense: 7300
Annual Maintenance Expense: 1950
Annual Net Income: 125350
Annual Repair Expense: 5000
Annual Water/Sewer Expense: 3500
Total Annual Expenses: 17750
Lease Details
Land Leased: Not Applicable
Lock Box Type
Lock Box Source: MAAR
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 240
Public Survey Info
Range#: 24
Section#: 33
Township#: 29
Unit 1
Furnished?: No
Lease Expiration Date: 2025-04-29
Leased?: Yes
Level: Multi-Level
Unit Number: 1
3/4 Baths: 1
Annual Rent: 26640
Finished SqFt: 1518
Full Baths: 2
Monthly Rent: 2220
No. of Units Like This: 1
Total Baths: 3
Total Bedrooms: 3
Total Rooms: 5
Unit 2
Furnished?: No
Lease Expiration Date: 2024-08-31
Leased?: Yes
Level: Multi-Level
Unit Number: 2
1/2 Baths: 1
Annual Rent: 44520
Finished SqFt: 2210
Full Baths: 4
Monthly Rent: 3710
No. of Units Like This: 1
Oth Parking Spaces: 2
Total Baths: 5
Total Bedrooms: 4
Total Rooms: 7
Unit 3
Furnished?: No
Lease Expiration Date: 2025-06-29
Leased?: Yes
Level: Multi-Level
Unit Number: 3
1/2 Baths: 1
Annual Rent: 29640
Finished SqFt: 1518
Full Baths: 2
Monthly Rent: 2471
No. of Units Like This: 1
Total Baths: 3
Total Bedrooms: 3
Total Rooms: 5
Unit 4
Furnished?: No
Leased?: No
Level: Multi-Level
Unit Number: 4
1/2 Baths: 1
Annual Rent: 39300
Finished SqFt: 2210
Full Baths: 4
Monthly Rent: 3275
No. of Units Like This: 1
Oth Parking Spaces: 1
Total Baths: 5
Total Bedrooms: 4
Total Rooms: 7
Unit Details
Total Units: 4
Property Features
Accessible: None
Amenities Shared: Fire Sprinkler System; Porch
Assumable Loan: Not Assumable
Basement: Concrete Block; Egress Windows; Full
Construction Status: Previously Owned
Electric: 100 Amp Service; Circuit Breakers
Exterior: Cement Board
Financing Terms: Conventional
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Internet Options: Cable
Laundry: In Unit
Lock Box Type: Supra
Lot Description: Public Transit (w/in 6 blks); Tree Coverage - Light
Owner Pays: Insurance; Lawn; Maintenance/Repair; Management; Snow Removal; Taxes; Trash Collection; Water
Parking Characteristics: Assigned; Uncovered/Open
Pool Description: None
Rental License Type: Standard
Road Frontage: City Street; Curbs; Paved Streets; Sidewalks; Storm Sewer; Street Lights
Road Responsibility: Public Maintained Road
Roof: Age 8 Years or Less; Asphalt Shingles
Sellers Terms: Cash; Conventional
Sewer: City Sewer/Connected
Tenant Pays: Broadband; Cable TV; Electricity; Gas; Trash Collection; Water
Unit 1 Amenities: Countertops-Granite; Open Floor Plan; Cable; Hardwood Floors; Kitchen Center Island; Kitchen Window; Porch; Tile Floors; Washer/Dryer Hookup
Unit 1 Appliances: Electric Water Heater; Stainless Steel Appliances; Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 1 Bath Description: Full Basement; Main Floor 1/2 Bath; Two Basement Baths
Unit 1 Cooling: Central
Unit 1 Dining Room Description: Breakfast Bar; Informal Dining Room; Kitchen/Dining Room
Unit 1 Special Search: 3 BR on One Level; Main Floor Laundry
Unit 2 Amenities: Countertops-Granite; Open Floor Plan; Cable; Deck; Hardwood Floors; Kitchen Center Island; Kitchen Window; Tile Floors; Washer/Dryer Hookup
Unit 2 Appliances: Electric Water Heater; Stainless Steel Appliances; Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 2 Bath Description: Main Floor 1/2 Bath; Two Primary Baths; Upper Level Full Bath
Unit 2 Cooling: Central
Unit 2 Dining Room Description: Breakfast Bar; Informal Dining Room; Kitchen/Dining Room
Unit 2 Special Search: Main Floor Laundry
Unit 3 Amenities: Countertops-Granite; Open Floor Plan; Cable; Hardwood Floors; Kitchen Center Island; Kitchen Window; Porch; Tile Floors; Washer/Dryer Hookup
Unit 3 Appliances: Electric Water Heater; Stainless Steel Appliances; Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 3 Bath Description: Full Basement; Main Floor 1/2 Bath; Two Basement Baths
Unit 3 Cooling: Central
Unit 3 Dining Room Description: Breakfast Bar; Informal Dining Room; Kitchen/Dining Room
Unit 3 Special Search: 3 BR on One Level; Main Floor Laundry
Unit 4 Amenities: Countertops-Granite; Open Floor Plan; Cable; Deck; Hardwood Floors; Kitchen Center Island; Kitchen Window; Tile Floors; Washer/Dryer Hookup
Unit 4 Appliances: Electric Water Heater; Stainless Steel Appliances; Dishwasher; Dryer; Microwave; Range; Refrigerator; Washer
Unit 4 Bath Description: Main Floor 1/2 Bath; Two Primary Baths; Upper Level Full Bath
Unit 4 Cooling: Central
Unit 4 Dining Room Description: Breakfast Bar; Informal Dining Room; Kitchen/Dining Room
Unit 4 Special Search: Main Floor Laundry
Water: City Water/Connected
Listing Office: Coldwell Banker Realty - Lakes
Last Updated: August - 24 - 2025
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2024 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
Tuesday 2nd of June 2026 08:17 AM
218-998-4400
Mohagen Real Estate
Let's Connect
Mohagen Real Estate
sue@MohagenRealEstate.com
Office: 218-998-4400
Cell: 218-731-7376
Mohagen Real Estate is licensed in the State of Minnesota