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.