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3043 Grand Avenue S, Minneapolis, MN 55408

Status: For Sale

4 units
2,564 sq ft

$669,000

$30,000 from List Price

WELCOME HOME

Get to know this property.

Opportunity to acquire a four-unit multifamily property offering approximately 2,564 SF of living space on a 5,663 SF lot. Built in 1900, the property has benefited from significant capital improvements, including new windows, siding, four water heaters, and four forced air furnaces, along with recent appliance and furnishing upgrades. The property features three 1-bedroom/1-bath units and one studio, all with private entrances, updated kitchens, and flexible furnished configurations. All four units are currently occupied and operating as furnished short-term rentals through airbnb, providing an established rental history and immediate income-producing use, while offering flexibility for short, medium, or long-term rental strategies. The property presents an opportunity for both an investor seeking an established multifamily asset and an owner-occupant looking to live in one unit while generating rental income from the remaining units. Free convenient on-street parking and shared outdoor space further enhance the property's appeal.

The details that matter.

General Property Information for 3043 Grand Avenue S, Minneapolis, MN 55408 - MLS# 7129459
Bedrooms and Bathrooms
Total Bedrooms:
4
Total Bathrooms:
4
Size and Multi Family Residence
Year Built:
1900
Type of Property:
Multi Family Residence
Style:
Fourplex
Stories/Levels:
2 Story
Total SqFt:
2,564
Total Fnsh'd SqFt:
2,564
Above Ground SqFt:
2,564
Finished Above Grade:
2,564
Below Ground SqFt:
0
Finished Below Grade:
0
Garage Stalls:
0
Garage SqFt:
N/A
Main Floor SqFt:
2,564
Approx Lot Dimensions:
46 x 124
Approx Number of Acres:
0.13
Income and Expenses
Gross Income:
$64,067.7
Total Expenses:
$0

A closer look at the location.

3043 Grand Ave S sits just east of I-35W in the LynLake/Uptown area, between Lake Street and 31st Street.

This listing has been entered by the following office: Strata Real Estate Resources

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the Broker Reciprocity or the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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