positivejonathan@gmail.com
218-255-2663
MLS# 7060338 - 2641 Lyndale Avenue S Minneapolis, MN 55408
Baxter Office

15244 State Hwy 371
Baxter, MN 56425
218-255-2663
positivejonathan@gmail.com

Nisswa Office

4820 County Rd. 77
Nisswa, MN 56468
218-963-7767
positivejonathan@gmail.com

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2641 Lyndale is a fully occupied four unit building on Lyndale Avenue South, and the expensive part of owning a 1912 building has already been paid for. In 2024 the seller put in new high efficiency boilers and water heaters for every single unit, all four of them, and the roof was done in 2016. Heat and electric are separate and paid by the residents. Water, sewer, and trash get billed back through the leases. For a building of this vintage the operating side is unusually clean, and a new owner is not carrying the utility load that normally eats into these deals. All four units are one bedrooms and all four are leased. Three sit on written terms running into 2027, and the fourth is month to month, so a buyer has one rent they can move on right away instead of waiting for a lease to roll. Rents average about $1,130, with gross scheduled rent around $54,300. There is also income here that simply is not being collected. Four paved parking spaces come with the property and residents are not charged for them. The basement has storage rooms that are not rented. The laundry equipment is owned outright and it is not on coin or card. Three revenue lines sitting idle, before you get to where the rents themselves could go as leases turn. Location is the Lyndale corridor between Lyn-Lake and downtown, about four blocks north of Lake Street, with restaurants, coffee, and retail right at the front door. Bryant Square Park is two blocks away, Lake of the Isles is under a mile west, the E Line bus rapid transit runs on Hennepin a few blocks over, and I-94 is a straight shot north on Lyndale. A well kept, cash flowing four unit with the mechanicals already handled and real upside for the buyer willing to go get it.

MRG Realty Partners, LLC is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Johnathan Gunkel is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Johnathan Gunkel, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 8/5/2026 6:18:00 PM.
Equal Housing Opportunity.

2641 Lyndale is a fully occupied four unit building on Lyndale Avenue South, and the expensive part of owning a 1912 building has already been paid for. In 2024 the seller put in new high efficiency boilers and water heaters for every single unit, all four of them, and the roof was done in 2016. Heat and electric are separate and paid by the residents. Water, sewer, and trash get billed back through the leases. For a building of this vintage the operating side is unusually clean, and a new owner is not carrying the utility load that normally eats into these deals. All four units are one bedrooms and all four are leased. Three sit on written terms running into 2027, and the fourth is month to month, so a buyer has one rent they can move on right away instead of waiting for a lease to roll. Rents average about $1,130, with gross scheduled rent around $54,300. There is also income here that simply is not being collected. Four paved parking spaces come with the property and residents are not charged for them. The basement has storage rooms that are not rented. The laundry equipment is owned outright and it is not on coin or card. Three revenue lines sitting idle, before you get to where the rents themselves could go as leases turn. Location is the Lyndale corridor between Lyn-Lake and downtown, about four blocks north of Lake Street, with restaurants, coffee, and retail right at the front door. Bryant Square Park is two blocks away, Lake of the Isles is under a mile west, the E Line bus rapid transit runs on Hennepin a few blocks over, and I-94 is a straight shot north on Lyndale. A well kept, cash flowing four unit with the mechanicals already handled and real upside for the buyer willing to go get it.

MRG Realty Partners, LLC is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Johnathan Gunkel is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Johnathan Gunkel, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 8/5/2026 6:18:00 PM.
Equal Housing Opportunity.

2641 Lyndale is a fully occupied four unit building on Lyndale Avenue South, and the expensive part of owning a 1912 building has already been paid for. In 2024 the seller put in new high efficiency boilers and water heaters for every single unit, all four of them, and the roof was done in 2016. Heat and electric are separate and paid by the residents. Water, sewer, and trash get billed back through the leases. For a building of this vintage the operating side is unusually clean, and a new owner is not carrying the utility load that normally eats into these deals. All four units are one bedrooms and all four are leased. Three sit on written terms running into 2027, and the fourth is month to month, so a buyer has one rent they can move on right away instead of waiting for a lease to roll. Rents average about $1,130, with gross scheduled rent around $54,300. There is also income here that simply is not being collected. Four paved parking spaces come with the property and residents are not charged for them. The basement has storage rooms that are not rented. The laundry equipment is owned outright and it is not on coin or card. Three revenue lines sitting idle, before you get to where the rents themselves could go as leases turn. Location is the Lyndale corridor between Lyn-Lake and downtown, about four blocks north of Lake Street, with restaurants, coffee, and retail right at the front door. Bryant Square Park is two blocks away, Lake of the Isles is under a mile west, the E Line bus rapid transit runs on Hennepin a few blocks over, and I-94 is a straight shot north on Lyndale. A well kept, cash flowing four unit with the mechanicals already handled and real upside for the buyer willing to go get it.

MRG Realty Partners, LLC is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Johnathan Gunkel is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Johnathan Gunkel, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 8/5/2026 6:18:00 PM.
Equal Housing Opportunity.

2641 Lyndale is a fully occupied four unit building on Lyndale Avenue South, and the expensive part of owning a 1912 building has already been paid for. In 2024 the seller put in new high efficiency boilers and water heaters for every single unit, all four of them, and the roof was done in 2016. Heat and electric are separate and paid by the residents. Water, sewer, and trash get billed back through the leases. For a building of this vintage the operating side is unusually clean, and a new owner is not carrying the utility load that normally eats into these deals. All four units are one bedrooms and all four are leased. Three sit on written terms running into 2027, and the fourth is month to month, so a buyer has one rent they can move on right away instead of waiting for a lease to roll. Rents average about $1,130, with gross scheduled rent around $54,300. There is also income here that simply is not being collected. Four paved parking spaces come with the property and residents are not charged for them. The basement has storage rooms that are not rented. The laundry equipment is owned outright and it is not on coin or card. Three revenue lines sitting idle, before you get to where the rents themselves could go as leases turn. Location is the Lyndale corridor between Lyn-Lake and downtown, about four blocks north of Lake Street, with restaurants, coffee, and retail right at the front door. Bryant Square Park is two blocks away, Lake of the Isles is under a mile west, the E Line bus rapid transit runs on Hennepin a few blocks over, and I-94 is a straight shot north on Lyndale. A well kept, cash flowing four unit with the mechanicals already handled and real upside for the buyer willing to go get it.

MRG Realty Partners, LLC is the brokerage office representing the owner for this listing.
© Copyright 2026, Regional Multiple Listing Service(RMLS) of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this site comes in part from the broker reciprocity program of the Regional multiple Listing Service(RMLS) of Minnesota, Inc distributed by MLS GRID. Real estate listings held by brokerage firms other than are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers.
Positive Realty | Johnathan Gunkel is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Positive Realty | Johnathan Gunkel, a broker participant of the Regional Multiple Listing Service of Minnesota, Inc. Northstar MLS data last updated at 8/5/2026 6:18:00 PM.
Equal Housing Opportunity.