Property Listing
Description
Solid Minneapolis triplex offering a strong rental history, consistent cash flow, and excellent owner-occupant potential! Features one spacious 3BR unit currently leased month-to-month with 60-day notice, plus two large vacant studios ready for new tenants. Major improvements include two new upper-unit furnaces in 2021, new roof in 2018, exterior repainting in 2023, and extensive insulation upgrades in 2023, including spray foam insulation in the walls and added attic insulation. Updated bathrooms, classic hardwood floors, and separate utilities with tenants paying their own gas and electric add to the appeal. Inviting front porches, a 2-car garage, and additional off-street parking. Conveniently located minutes from downtown Minneapolis, Bryn Mawr Park, Theodore Wirth Park, Utepils Brewing, the Minneapolis Farmers Market, and Metro Transit. A well-maintained property with steady rental demand—ideal for an investor or owner-occupant seeking rental income and long-term upside!
Property Information
Status: Active
Sub Type: ********
List Price: $400,000
MLS#: 7128878
Current Price: $400,000
Address: 226 Gramercy Avenue, Minneapolis, MN 55405
City: Minneapolis
State: MN
Postal Code: 55405
Geo Lat: 44.97967
Geo Lon: -93.30165
Subdivision:
County: Hennepin
Property Description
Year Built: 1912
Lot Size SqFt: 6534
Gen Tax: 7229
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: 2664
Below Grade Finished Area: 0
Below Grade Unfinished Area:
Total SqFt.: 4553
Style: Array
Total Bedrooms: 3
Total Bathrooms: 3
Total Full Baths:
Garage Type:
Garage Stalls: 2
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain: Array
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: