2740 Lyndale Avenue S, Minneapolis, MN 55408
MULTI_FAMILY - Minneapolis, MN
- Added:
- Mar 12, 2026
- Days on Market:
- 117
- Last Refresh:
- Jul 6 at 8:06 am
Property Features for 2740 Lyndale Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 8
- Bathrooms
- 4
- Rooms
- Bedroom 3, Bathroom 1, Bathroom 2, Bedroom 2, Bathroom 4, Bedroom 5, Bedroom 7, Bedroom 8, Bedroom 1, Bathroom 3, Basement, Bedroom 4, Bedroom 6
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 3302924410067
- Size
- 2,856 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 12285
Utilities
- Heating system
- Hot Water(Heating), Forced Air
Building Details
- Year built
- 1909
- Building materials
- Brick
Listing agent Su-Jingjing Brown (651) 494-4000
Listing office National Realty Guild 5200 Willson Road, Suite 150, Minneapolis, MN (651) 330-8001
Listing date Mar 12, 2026
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 4‑plex in Uptown on Lyndale, within a short walk to lakes, coffee shops, and restaurants
- Each unit offers 2 bedrooms
- Building was completely remodeled by the previous owner with permits pulled for roof, boilers, furnaces, and electrical
- 4 separate boilers/furnaces for the building
- 8 off‑street parking spots
- Basement includes 2 large storage spaces with great ceiling height; possibility for more units
Overview
Located in Uptown on Lyndale Avenue S in Minneapolis, the property is described as a short walk to lakes and local coffee shops and restaurants. The site includes eight off-street parking spots, supporting convenient tenant access.
For buyers seeking a small residential income property, this configuration offers four independent two-bedroom units, updated major building systems, and dedicated on-site storage areas in the basement. With one unit available as vacant at sale, the property may be attractive to owner-operators or investors looking for a straightforward 4-plex setup. The additional storage capacity also provides practical space beyond typical utility-only basements, with the remarks noting a possibility for more units depending on how the space is utilized.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $63.4k | $22.20 |
| − Vacancy | −$3.8k | −$1.33 |
| EGI | $59.6k | $20.87 |
| − OpEx | −$17.9k | −$6.26 |
| NOI | $41.7k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.28849
- Latitude
- 44.952546
