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3831 Grand Avenue S, Minneapolis, MN 55409

Status: For Sale

4 units
3,444 sq ft

$625,000

WELCOME HOME

Get to know this property.

Classic 1915 fourplex with three of four units rented and a great opportunity to add a 5th unit! The vacant unit is ready for a new tenant or an owner-occupant, making this a great fit for investors and house-hackers alike. The basement already has a kitchen and a bathroom in place and just needs to be finished to create a 2-bedroom fifth unit. The building has three 2-bedroom units and one 1-bedroom unit. Each unit has front and back entries, a living/dining room, a full bath, and a range and refrigerator. Period character runs throughout, with hardwood floors, natural woodwork, paneled doors, and historic millwork. The upper units have skylights and ceiling fans. There are very large front porches on both levels. Tenants pay their own electric, gas, heat, cable, and phone, and the owner pays trash, snow removal, and taxes. The full basement also has storage lockers for each tenant, a common washer and dryer, and daylight and egress windows. There's off-street parking for four on the concrete driveway. The lot is level, on a city street with sidewalks and streetlights, close to public transit, with fiber internet available. Conventional, FHA, and VA financing are accepted.

The details that matter.

General Property Information for 3831 Grand Avenue S, Minneapolis, MN 55409 - MLS# 7138181
Bedrooms and Bathrooms
Total Bedrooms:
7
Total Bathrooms:
4
Size and Multi Family Residence
Year Built:
1915
Type of Property:
Multi Family Residence
Style:
Fourplex
Stories/Levels:
2 Story
Total SqFt:
3,444
Total Fnsh'd SqFt:
3,444
Above Ground SqFt:
3,440
Finished Above Grade:
3,444
Below Ground SqFt:
1,670
Finished Below Grade:
0
Garage Stalls:
0
Garage SqFt:
N/A
Main Floor SqFt:
1,670
Approx Lot Dimensions:
46 x 125
Approx Number of Acres:
0.13
Income and Expenses
Gross Income:
$52,080
Total Expenses:
$0

A closer look at the location.

I-35, west on E 36th St, south on Grand Ave S, home on left

This listing has been entered by the following office: Keller Williams Premier Realty Lake Minnetonka

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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