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$625,000

7 Beds 4 Baths 3,444 SQFT 0.13 Acres
Type: Multi-Family

3831 Grand Avenue S
Minneapolis, MN 55409

MLS#: 7138181
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800
Presented by: Keller Williams Premier Realty Lake Minnetonka

Property Description

 

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.


 

Interior Features

Bedrooms

Total Bedrooms7

Bathrooms

Total Baths4

Other Interior Features

Above Grade Finished Area3,444 sqft
BasementBlock, Daylight/Lookout Windows, Egress Window(s), Full, Kitchenette, Owner Access, Shared Access, Storage/Locker, Storage Space, Unfinished
Basement (Y/N)Yes
Below Grade Finished Area0 sqft
Foundation Dimensions42x33
FuelNatural Gas
Laundry FeaturesIn Basement, Common Area, Sink

General

AccessibilityNone
Additional Parcels Y/NNo
Association AmenitiesLaundry, Concrete Floors & Walls
CityMinneapolis
Construction MaterialsBlock, Frame
ContingencyNone
CountyHennepin
DirectionsI-35, west on E 36th St, south on Grand Ave S, home on left
ElectricCircuit Breakers
Electric Expense230.64
Fuel Expense0
Garage Spaces0
Gross Income52080
HeatingBoiler, Hot Water
High School DistrictMinneapolis
Insurance Expense4830
Land Lease Y/NNo
Lender OwnedNo
LevelsTwo
Living Area3,444 sqft
Lot Size UnitsAcres
MaintenanceExpense0
New ConstructionNo
Number Of Units Total4
Operating Expense8923
OwnerPaysSnow Removal, Taxes, Trash Collection
Pool FeaturesNone
PostalCityMinneapolis
Property SubtypeFourplex
Property TypeResidential Income
RoofFlat, Rubber
SewerCity Sewer/Connected
Standard StatusActive
Subdivision NameMabies 2nd Add
Tax Annual Amount$10,838
Tax Year2026
Tenant PaysAll Utilities, Cable TV, Electricity, Fuel, Gas, Heat, Telephone
TopographyLevel
Trash Expense0
Water Sewer Expense3728.35
Year Built1915
Zoning DescriptionResidential-Multi-Family

Exterior

Building Area Total5,110 sqft
FencingNone
Foundation Area1,403 sqft
Lot Dimensions46x125
Lot FeaturesPublic Transit (w/in 6 blks), Tree Coverage - Light
Lot Size Area0 sqft
Parking FeaturesConcrete
Road Frontage TypeCity Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
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

$625,000

7 Beds 4 Baths 3,444 SQFT 0.13 Acres
Type: Multi-Family

3831 Grand Avenue S
Minneapolis, MN 55409

MLS#: 7138181
Ted Bergstrom
Ted Bergstrom
The Real Estate Advantage
Agent
Phone: 612.723.5444
Office: 952.224.8800