5705 Lyndale Avenue S, Minneapolis, MN 55419

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Other Parking Spaces: 4
Owner Occupied: No
Waterfront Present: No
Year Built: 1947
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Foundation Size: 1564
For Sale or Lease: For Sale
Lot Dimensions: 50 X 118
Assessment Pending: No
Garage Stalls: 0

Property Features

Accessible: None Air Conditioning: Window Unit(s) Amenities Shared: Coin-op Laundry Owned Basement: Full CMU Style: Apartments/Multi Family Construction Status: Previously Owned Current Use: Residential Exterior: Stucco Flooring: Wood Foundation: Concrete Block Fuel: Natural Gas Heating: Hot Water Loan Terms: Cash; Conventional; FHA; VA On Site Utilities: Heating Common; Hot Water Separate Owner Pays: Electricity; Fuel; Insurance; Janitorial Service; Janitorial Service; Lawn; Lawn; Maintenance/Repair; Snow Removal; Taxes; Trash Collection Parking Characteristics: Driveway - Shared; Uncovered/Open Rental License Type: Standard Sewer: City Sewer/Connected Stories: Two Tenant Pays: Cable TV; Electricity; Fuel Water: City Water/Connected

Contract Information

Contingency: None
ListPrice: 519900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 5705
Street Name: Lyndale
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55419

Assessments

Tax With Assessments: 8838
Assessment Balance: 0

Building Information

Building Finished SqFt: 3128

More Information

Income and Expenses

Annual Fuel Expense: 300
Annual Gross Expenses: 16200
Annual Gross Income: 49200
Annual Insurance Expense: 3000
Annual Net Income: 33000
Annual Trash Expense: 1000
Annual Water/Sewer Expense: 2000
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Sale Options

Sale Includes: Building

Unit 1

Unit Number: Yes
Monthly Rent: 960
Full Baths: Yes
Total Bathrooms: Yes
Total Bedrooms: Yes
Level: Main Level
Unit Total SqFt: 900
Leased?: Yes
Lease Expiration Date: 2027-03-31
No. of 1 Bedroom Units: 4

Unit 2

Full Baths: Yes
Lease Expiration Date: 2027-04-30
Leased?: Yes
Level: Main Level
Monthly Rent: 995
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 2
Unit Total SqFt: 900

Unit 3

Full Baths: Yes
Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 950
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 3
Unit Total SqFt: 900

Unit 4

Full Baths: Yes
Lease Expiration Date: 2027-03-31
Leased?: Yes
Level: 2nd Level
Monthly Rent: 930
Total Bathrooms: Yes
Total Bedrooms: Yes
Unit Number: 4
Unit Total SqFt: 900

Unit Details

Total Units: 4

Office/Member Info

Association: MAAR

Location, Tax and Other Information

Legal Description: LOT 7 BLOCK 3 GRAND AVE PARK
Listing City: Minneapolis
Map Page: 120
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Country: US
Zip Plus 4: 1751
Property ID Number: 2202824230113
Tax Year: 2025
Tax Amount: 8652
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Solid, cash flowing 4-plex in prime, SW Mpls location. Four, 1/1 900ft2 units. Fully rented - never an issue getting solid renters. Coin-op laundry in basement as well as plenty of storage & work spaces. Backyard w/ shed & 4 off-street parking spots. Newer mechanicals. Split electrical & gas meters. $1k - $1050/m rent per unit.
Directions: LYNDALE AVE TO 57TH STREET

Accessible

None: Yes

Air Conditioning

Window Unit(s): Yes

Amenities Shared

Coin-op Laundry Owned: Yes

Basement

Full: Yes

Construction Status

Previously Owned: Yes

Exterior

Stucco: Yes

Flooring

Wood: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Hot Water: Yes

Owner Pays

Electricity: Yes
Fuel: Yes
Insurance: Yes
Janitorial Service: Yes
Lawn: Yes
Maintenance/Repair: Yes
Snow Removal: Yes
Taxes: Yes
Trash Collection: Yes

Parking Characteristics

Driveway - Shared: Yes
Uncovered/Open: Yes

Patio, Porch and Deck Features

Patio: Yes

Rental License Type

Standard: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Tenant Pays

Cable TV: Yes
Electricity: Yes
Fuel: Yes

On Site Utilities

Heating Common: Yes
Hot Water Separate: Yes

CMU Style

Apartments/Multi Family: Yes

Current Use

Residential: Yes

Loan Terms

Cash: Yes
Conventional: Yes
FHA: Yes
VA: Yes