3043 Grand Avenue S, Minneapolis, MN 55408
- $699,000
- 4
- BD
- 4
- BA
- 2,564
- SqFt
- List Price
- $699,000
- MLS#
- 7129459
- Status
- ACTIVE
- Type
- Multifamily
- Bedrooms
- 4
- Bathrooms
- 4
- Living Area
- 2,564
- Acres
- 0.13
- Subdivision
- Motor Line Add
- Neighborhood
- 48
- Year Built
- 1900
Property Description
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. Off-street parking and shared outdoor space further enhance the property's appeal.
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Additional Information
- School District
- Minneapolis
- Amenities Shared
- Other
- Tax Year
- 2026
- Fencing
- Full, Wood
- Fuel
- Natural Gas
- Sewer
- City Sewer/Connected
- Heating
- Forced Air
- Water
- City Water/Connected
- Basement
- Crawl Space
- Parking
- On-Street Parking Only
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Listing courtesy of Strata Real Estate Resources.
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