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$750,000
Est. payment /mo
6,098 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Nicollet Ave Add
MLS Listing ID 6826491
Year Built 1923
Annual Tax Amount $2,652
Tax Year 2025
Contingent None
Lot Size 6,098 Sqft
Lot Dimensions 45 x 131 x 45 x131
Property Description
A 6-unit multifamily investment opportunity located in the Lyndale neighborhood of South Minneapolis. The property is comprised of four two-bedroom units & two one-bedroom units.
A new high-efficiency boiler & two new water heaters were installed in 2024. The windows were replaced in 2019. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There is off-street parking in the back of the building; one space for each unit. All current tenants are on month-to-month leases.
The property is well located for easy access to I-35W as well as for easy access to numerous neighborhood amenities toward Lyndale Avenue & beyond.
A new high-efficiency boiler & two new water heaters were installed in 2024. The windows were replaced in 2019. The building is currently enrolled in the Minneapolis 4D program, providing a significant reduction in annual property tax expense. There is off-street parking in the back of the building; one space for each unit. All current tenants are on month-to-month leases.
The property is well located for easy access to I-35W as well as for easy access to numerous neighborhood amenities toward Lyndale Avenue & beyond.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Interior
Heating Boiler
Inclusions Building
Fireplace No
Exterior
Parking Features Parking Lot
Utilities Available Electric Separate
Present Use Residential
Building
Foundation 6098
Sewer City Sewer/Connected
Water City Water/Connected
New Construction false
Schools
School District Minneapolis
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Listed by David Dirkers • MRG Realty Partners, LLC
NEARBY SCHOOL & BUSINESS
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