2409 Lyndale AVE S, Minneapolis, MN 55405 - MLS#6785866

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Nick Leavy

nick@ermetro.com +1(612) 236-5331

$963,500

Est. payment - /mo

6 Beds

6 Baths

11,325 SqFt

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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,325 sqft

Price per Sqft $85

Subdivision Cic 1833 Ecopolitan

MLS Listing ID 6785866

Bedrooms 6

Year Built 1911

Annual Tax Amount $15,753

Lot Size 7,500 Sqft

Acres 0.26

Lot Dimensions 98 x 118

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

Community Cic 1833 Ecopolitan

Zoning Business/Commercial

Direction 394 to Lyndale and home is on the left

Rooms

Basement Concrete Block, Egress Windows

Interior

Heating Boiler, Forced Air

Cooling Window Unit(s)

Flooring Wood

Exterior

Parking Features Carport, Paved Lot

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

Accessibility None

Porch Front Porch

Total Parking Spaces 1

Building

Lot Description Tree Coverage - Light

Foundation Concrete Block

Water City Water - In Street

Structure Type Brick,Frame

Others

Senior Community No

Tax ID 3402924230232

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Listed by Metro Group Real Estate

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