5705 Lyndale Avenue S, Minneapolis, MN 55419
MULTI_FAMILY - Minneapolis, MN
- Added:
- May 8, 2026
- Days on Market:
- 54
- Last Refresh:
- Jun 30 at 2:06 am
Property Features for 5705 Lyndale Avenue S
General Information
- Property type
- Residential Multi Family
- Property subtype
- Other
- Bedrooms
- 4
- Bathrooms
- 4
- Rooms
- Bedroom 1, Bedroom 4, Bedroom 2, Bathroom 1, Bathroom 4, Bedroom 3, Basement, Bathroom 3, Bathroom 2
- Parking features
- Parking Lot
- Exterior features
- Stucco
- Standard status
- Active
- APN
- 2202824230113
- Size
- 3,128 SF
- Lot size
- 0.14 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 8652
Utilities
- Heating system
- Oil
Building Details
- Year built
- 1948
Listing agent Reid Lenz (612) 600-8888
Listing office Verde Real Estate Group 17736 Old Excelsior Blvd, Minnetonka, MN (612) 808-6600
Listing date May 8, 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
- Cash‑flowing 4‑plex with four 1BR/1BA units (approx. 900 SF each)
- Fully rented; approx. $1,000/month rent per unit
- Oil heat; stucco exterior
- Coin‑op laundry in the basement with storage and work spaces
- Backyard with shed plus 4 off‑street parking spots and parking lot
- Split electrical and gas meters; newer appliances and newer mechanicals
Overview
The address is 5705 Lyndale Avenue S in Minneapolis, MN 55419. The public remarks describe a SW Minneapolis location near main highways while being tucked away in the Windom neighborhood. Nearby points of reference mentioned include Kowalski’s, S Lyndale Wine & Deli, Bachman’s, and access to trails, parks, and local restaurants, along with schools in the southwest area.
For buyers seeking a residential income property, this four-unit configuration offers separate metering and on-site laundry, which can support tenant convenience and reduce shared utility complexity. With the building presented as fully rented and maintained with regular upkeep, the property may be well suited for an operator looking for a turn-key, multi-unit asset in South Minneapolis.
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 | $69.4k | $22.20 |
| − Vacancy | −$4.2k | −$1.33 |
| EGI | $65.3k | $20.87 |
| − OpEx | −$19.6k | −$6.26 |
| NOI | $45.7k | $14.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minneapolis
- County
- Anoka
- State
- Minnesota
- Longitude
- -93.287879
- Latitude
- 44.899354
