For Sale Multi-Family MLS# 7129459

3043 Grand Avenue S

Minneapolis, MN 55408

$699,000

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About 3043 Grand Avenue S

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. Off-street parking and shared outdoor space further enhance the property's appeal.

Property details

Property

Type
Fourplex
MLS type
Multi Family Home
Status
Active
Year built
1900
Stories
Two
Living area
2,564 sqft
Price / sqft
$273
Lot
0.13
Original price
$699,000
MLS #
7129459

Interior

Features
Forced Air, Crawl Space
Heating
Forced Air

Exterior & lot

Features
Vinyl, On-Street Parking Only
Construction
Two, Brick/Mortar
Foundation
Brick/Mortar
Lot
0302824220013, Full, Wood
Fence
Full, Wood
Parking
On-Street Parking Only

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$9,383
Tax year
2026
Parcel
0302824220013

Location

Subdivision
Motor Line Add
County
Hennepin
Neighborhood
Lyndale
Community
Hennepin, Other, northstar, Minneapolis
Directions
3043 Grand Ave S sits just east of I-35W in the LynLake/Uptown area, between Lake Street and 31st Street.

Location

Neighborhood
Lyndale
Subdivision
Motor Line Add
School district
Minneapolis Public School District

Ask about this property

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Listed by Patrick B. Corbett, Strata Real Estate Resources

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.