Price Reduction
3043 Grand Avenue S Minneapolis, MN
$ 639,900
Property Attributes
  • ID#5746884
  • TypeMulti-Family
  • CountyHENNEPIN
  • CityMinneapolis
  • NeighborhoodLyndale
  • Zip55408
  • StyleResidential Income
  • Year Built1900
  • Taxes$ 6898
  • Price$ 639,900
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage2564
  • Lot Size5,663 SqFt
Listing Provided Courtesy Of:
Verde Real Estate Group
Data Source:
Property Description

Solid 4-plex; fully rented with strong cash flow. Great uptown location - close to everything. New siding, windows, gutters, kitchen cabinets, carpet, tile, paint, etc. 4 new water heaters and forced air furnaces in each unit. Separate utilities. Owner only pays water bill. Four 1 bd, 1 bath units. 2 currently rented yearly for $1150/month. 2 are furnished and rented short term for $1500-1800/month. Mostly rented min 70-90 days to travel nurses; tenant placement pro does a great job keeping units rented - she is willing to continue to place tenants for new owner as she did when current owner bought property. It's been the key to achieving max net/cash flow. Records of rent$, bookings, leases, etc can be provided. Furnishings are negotiable to include in sale. Dream scenario to walk into well managed, proven max cash flowing property w/ 2 yrly leased units; 2 furnished, short-term leased units.

Price History
4/30/2021 Listed $649,900
5/10/2021 2% - $639,900

General Features

Accessibility None
Basement Crawl Space, Brick/Mortar
Construction Materials Vinyl Siding
Contingency None
Heating Forced Air
High School District Minneapolis
Lender Owned No
New Construction No
Parking Features Open
Property SubType Apartment
Property Type Residential Income
Roof Asphalt, Pitched
Sewer City Sewer/Connected, City Sewer - In Street
Standard Status Active
Tax Annual Amount 6898
Total Units 4
Water Sewer Expense 1200
Zoning Description Residential-Multi-Family

Interior Features

Above Grade Finished Area 2564
Fireplace Y/N No

Exterior Features

Foundationarea 1340
Lot Dimensions 46 X 124
Lot Features Tree Coverage - Light
Lot Size Area 0.13
Lot Size Units Acres
Water Source City Water/Connected, City Water - In Street
Waterfront Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 55408

AVG $600K
AVG $6,980
AVG 77
Year Built
AVG 1908
AVG 87
Data Provided by Walkscore ® not using MLS data

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