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3831 Grand Avenue S, Minneapolis, MN 55409

$625,000
  • 3831 Grand Avenue S, Minneapolis, MN 55409 Main Photo

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BEDS0 BATHS SQUARE FEET3,444 MLS#7138181
STATUSActive PROPERTY TYPEMulti Unit - Multiple SUBDIVISIONMabies 2nd Add SCHOOLMinneapolis

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.

3831 Grand Avenue S | MLS# 7138181

This multi-family property located at 3831 Grand Avenue S, Minneapolis, MN 55409 is currently listed for sale with an asking price of $625,000. Grand Avenue S is located within the Minneapolis school district. Search Minneapolis real estate on www.homesbyjoel.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Block, Daylight/Lookout Windows, Egress Window(s), Full, Kitchenette, Owner Access, Shared Access, Storage/Locker, Storage Space, Unfinished
Heating: Boiler, Hot Water
Lot Size: 0.13 Acres
Roof Type: Flat, Rubber
Taxes: $10,838
Year Built: 1915

Feature Descriptions

Days on Site: 20
Exterior: Block, Frame
Foundation Size: 1403
Lot: Public Transit (w/in 6 blks), Tree Coverage - Light
Lot Dimensions: 46x125
Owners Expense: Snow Removal, Taxes, Trash Collection
Parcel#: 1002824220108
Parking: Concrete
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
Sewer: City Sewer/Connected
Tenant Expenses: All Utilities, Cable TV, Electricity, Fuel, Gas, Heat, Telephone
Units: 4
Water: City Water/Connected

Local Schools

School District: Minneapolis

Listed By / Shown By

Listed By

Agency Name: Keller Williams Premier Realty Lake Minnetonka
Agency Phone: 952-475-0111

Shown By

Agency Title: Joel Hentges - Re/Max Advantage Plus
Agency Phone: 952-475-9541

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Estimated Payment

$ 2,476.44 per month $1,390.98 Principal & Interest $903.17 Property Tax $182.29 Homeowner's Insurance

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