2507 Lyndale Ave S, Minneapolis, MN, 55405
About This Home
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. The largest unit, over 1,100 square feet, includes two bedrooms, an office, and is currently vacant—ideal for owner occupancy. It features hardwood floors, high ceilings, built-ins, and both front and rear entrances. A single-car garage provides added convenience. Exceptional property with endless potential — don't miss out!
Getting Around
Walker's Paradise
Good Transit
Biker's ParadiseSchools
Construction
Condition
- Year built: 1900
Materials
- Roof: Asphalt
Type & Style
- Home type: MultiFamily
- Property subType: Fourplex
Interior
Basement
- Has basement: Yes
- Basement: Other
Bedrooms & Bathrooms
- Bedrooms: 5
- Bathrooms: 4
Features
- Finished area below ground: 0
- Finished area above ground: 3,308
Heating
- Heating features: Hot Water
Interior Area
- Total structure area: 4,859
- Total interior livable area: 4,859 sqft
Property
Accessibility
- Accessibility features: None
Details
- Parcel number: 3402924230070
- Zoning description: Business/Commercial,Residential-Multi-Family,Other
- Foundation area: 1624
Features
- Levels: More Than 2 Stories
Lot
- Lot size: 4,791 sqft
- Lot size dimensions: See Lister
Parking
- Total spaces: 1
- Parking features: Detached Garage
- Has garage: Yes
- Attached garage spaces: 1
- Covered spaces: 1
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Cold Wave
- Hail
- Heat Wave
- Tornado
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters in Hennepin County and Minnesota
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $2,881 | $34,572 |
| Home Insurance * | $402 | $4,824 |
| Property Taxes | $522 | $6,264 |
| Electricity | $409 | $4,917 |
| Total | $4,214 | $50,568 |
Income You'd Need if You Spent...
Minnesota FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-29 | Price change | $599,000 |
| 2026-03-24 | Listed for sale | $619,000 |
| 2025-10-31 | Listing removed | $649,000 |
| 2025-08-01 | Listed for sale | $649,000 |
| 2025-07-11 | Listing removed | $679,000 |
| 2025-05-06 | Price change | $679,000 |
| 2025-04-03 | Listed for sale | $699,000 |
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