3043 Grand Avenue S Minneapolis, MN - Image 13043 Grand Avenue S Minneapolis, MN - Image 23043 Grand Avenue S Minneapolis, MN - Image 33043 Grand Avenue S Minneapolis, MN - Image 43043 Grand Avenue S Minneapolis, MN - Image 53043 Grand Avenue S Minneapolis, MN - Image 63043 Grand Avenue S Minneapolis, MN - Image 73043 Grand Avenue S Minneapolis, MN - Image 83043 Grand Avenue S Minneapolis, MN - Image 93043 Grand Avenue S Minneapolis, MN - Image 103043 Grand Avenue S Minneapolis, MN - Image 113043 Grand Avenue S Minneapolis, MN - Image 123043 Grand Avenue S Minneapolis, MN - Image 133043 Grand Avenue S Minneapolis, MN - Image 143043 Grand Avenue S Minneapolis, MN - Image 15

$669,000

4 Beds 4 Baths 2,564 SQFT 0.13 Acres
Type: Multi-Family

3043 Grand Avenue S
Minneapolis, MN 55408

MLS#: 7129459
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: Strata Real Estate Resources

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. Free convenient on-street parking and shared outdoor space further enhance the property's appeal.


 

Interior Features

Bedrooms

Total Bedrooms4

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area2,564 sqft
BasementCrawl Space
Basement (Y/N)No
Below Grade Finished Area0 sqft
FuelNatural Gas

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesOther
CityMinneapolis
ContingencyNone
CountyHennepin
Directions3043 Grand Ave S sits just east of I-35W in the LynLake/Uptown area, between Lake Street and 31st Street.
Electric Expense0
Fuel Expense0
Garage Spaces0
Gross Income64067.7
HeatingForced Air
High School DistrictMinneapolis
Insurance Expense0
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area2,564 sqft
Lot Size UnitsAcres
MaintenanceExpense0
Net Operating Income23041.17
New ConstructionNo
Number Of Units Total4
Operating Expense0
PostalCityMinneapolis
Property SubtypeFourplex
Property TypeResidential Income
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameMotor Line Add
Tax Annual Amount$9,383
Tax Year2026
Trash Expense0
Water Sewer Expense0
Year Built1900
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total2,564 sqft
FencingFull, Wood
Foundation Area1,340 sqft
Lot Dimensions46 x 124
Lot Size Area0 sqft
Parking FeaturesOn-Street Parking Only
Water SourceCity Water/Connected
Waterfront Y/NNo

Additional Details

Price History

Schools 

Elementary School N/A
Middle School N/A
High School N/A

  

Similar Properties

$669,000

4 Beds 4 Baths 2,564 SQFT 0.13 Acres
Type: Multi-Family

3043 Grand Avenue S
Minneapolis, MN 55408

MLS#: 7129459
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800