2445 Lyndale Avenue S, Minneapolis, MN 55405

Property Description

Numerous opportunities here. Currently used as a rental home, this property has been utilized for small business offices and as well as for a single family home. Legally 4 bedrooms and used as that for rental, the main level bedroom functions well as a main level family room space. There is development opportunity here as well. Zoned as Corridor-6(2040 plan zoning) infill site, the site offers 3x lot size base FAR (Floor area ratio before add-ons) ability and max 6-stories height. As referenced, the current structure is a residential rental, so the building can offer supplemental income during the planning process, or operate as a holding place for a future project. Various improvements include a new sewer liner to the street and newer roof (1-2 years). 4 off-street parking spots reduce on-street parking burden, The fun vibe of Uptown/Lyn-Lake area offers an abundance of local shops and restaurants. Mpls' famed 'Lakes Area' is located just to the west. Easy access to major freeways and downtown markets. Lastly, don't overlook the single family owner-occupant use of this home. Natural woodwork, hardwood floors, large kitchen, front porch and some nice underlining character makes owner-occupant an avenue for this home too!