Property Listing
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.
Property Information
Status: Active
Sub Type: ********
List Price: $699,000
MLS#: 7129459
Current Price: $699,000
Address: 3043 Grand Avenue S, Minneapolis, MN 55408
City: Minneapolis
State: MN
Postal Code: 55408
Geo Lat: 44.946923
Geo Lon: -93.283939
Subdivision: Motor Line Add
County: Hennepin
Property Description
Year Built: 1900
Lot Size SqFt: 5662.8
Gen Tax: 9383
Specials Inst: 0
High School: Minneapolis
Square Ft. Source:
Above Grade Finished Area: 2564
Below Grade Finished Area: 0
Below Grade Unfinished Area:
Total SqFt.: 2564
Style: Array
Total Bedrooms: 4
Total Bathrooms: 4
Total Full Baths:
Garage Type:
Garage Stalls: 0
Waterfront:
Property Features
Exterior:
Roof:
Foundation:
Lot Feat/Fld Plain:
Interior Amenities:
Inclusions: ********
Exterior Amenities:
Heat System:
Air Conditioning:
Utilities: