Address
3115 Grand Avenue S Minneapolis, MN
Price
$ 1,895,000
Property Attributes
  • ID#6130512
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaMotor Line Add
  • NeighborhoodMotor Line Add
  • Zip55408
  • StyleApartment
  • Year Built1969
  • Taxes$ 22228
  • Price$ 1,895,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage6474
  • Lot Size11,326 SqFt
Listing Provided Courtesy Of:
Keller Williams Classic Realty
Data Source:
Northstar MLS (NSTAR) - 133 - MN
Property Description

Rare opportunity for a very profitable income producing building with several furnished units and total annual income/NOI higher than many buildings with twice the number of units. Nearly an 8 cap property. 5- 2 BR units and 7 - 1 BR units. Turnkey investment property operation with furnished units! Seller has made significant improvements and investments to the property in recent years.

Price History
11/24/2021 Listed $1,895,000

General Features

Accessibility None
Additional Parcels Y/N No
City Minneapolis
Construction Materials Brick/Stone
Contingency None
County Hennepin
Current Use Residential
Directions 35W to Stinson Blvd, North on Stinson to Lowry, West on Lowry to property.
Heating Forced Air
High School District Minneapolis
Lender Owned No
Property SubType Apartment
Property Type Commercial Sale
Sewer City Sewer/Connected
Standard Status Active
Street Name Grand
Subdivision Name Motor Line Add
Tax Annual Amount 22228
Tax Year 2021
Total Units 12
Utilities Electric Separate, Hot Water Separate
Year Built 1969
Zoning Description Residential-Multi-Family

Interior Features

Fuel Natural Gas
Street Suffix Avenue
Unit Type Efficiencies, 1 Bedroom, 2 Bedroom, 3 Bedroom, One Room, Two Room, Three Room, Four Room, Five Room, Six Room, Seven Room

Exterior Features

Foundationarea 3237
Inclusions Building, Land, Leases
Lot Dimensions 124x90
Lot Size Area 0.26
Lot Size Units Acres
Parking Features Paved
Water Source City Water/Connected
Waterfront Y/N No

Amenities

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

Property vs Commercial Average in 55408

Price
AVG $1.43M
$1.9M
Taxes
AVG $23,653
$22,228
Visits
AVG 40
9
Year Built
AVG 1916
1969
Walkscore
AVG 89
90
Data Provided by Walkscore ® not using MLS data