$ 569,900
-
$569,900
Price -
5
Bed -
4
Bath -
3,308
SqFt -
0.11
Acre
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About the Listing 5116 - 502049547
This Multi-Family 4-Plex on Lyndale Avenue offers an 899 sq ft finished attic with potential to convert into a 5th unit (requires kitchen addition). Note: converting to a 5th unit changes the property status from residential to commercial with the City of Minneapolis. Zoned CM2 ("Corridor Mixed Use District"), this property is ideal for exploring small business opportunities on the first level while maintaining residential units above. Buyers must verify all City regulations and requirements. A new rear staircase was completed in July of 2025. The largest unit, over 1,100 square feet, includes two bedrooms and an office. It features hardwood floors, high ceilings, built-ins, and both front and rear entrances. A single-car garage provides added convenience. All units are on a month-to-month lease, allowing flexibility for the new owner. Exceptional property with endless potential — don't miss out!
Listing Highlights
Interior Details
- Bedrooms: 5
- Bathrooms: 4 Full
- Appliances:
- Air Cond:
- Heating: Hot Water,Natural Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 3308
- Basement:
- Other:
- Water: City Water/Connected
Exterior Details
- Garage Capacity: 1 car
- Lot Dimensions: See Lister
- Zoning: Business/Commercial,Residential-Multi-Family,Other
- Roof: Asphalt
- Others:
- Sewer: City Sewer/Connected
- Parking Features: Detached Garage
Financial Details
- Tax Amount: $9,637
- Taxes w/Assessments: N/A
- Tax/Property ID: 3402924230070
- Tax Year: 2026
Payment Calculator
Monthly Payment
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Questions About..
2507 Lyndale Ave S Minneapolis, MN 55405
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