3043 Grand Avenue S Minneapolis, MN $ 669,000
3043 Grand Avenue S
$ 669,000
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3043 Grand Avenue S

Minneapolis, MN, 55408
$ 669,000
Bedrooms4 Baths4.0 Sq 2,564

Monthly Estimate*

$ 4,621

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Multi-Family Home for sale in Minneapolis, MN

for $669,000 with 4 bedrooms and 4 full baths. This 2,564 square foot home was built in 1900 on a lot size of 0.13.

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.

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Multi-Family Active

Price

$ 669,000

Bedrooms

4

Full Bath

4

Property Type

Multi-Family

Taxes

$ 9,383

Style

Fourplex

Lot Size

0.13

Year Built

1900

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7129459

Features
General
Living Area 2564
Sewer City Sewer/Connected
Heating Forced Air
Garage Spaces 0
Year Built 1900
Levels Two
Property Subtype Fourplex
Tax Year 2026
Gross Income 64067.7
Accessibility None
County Hennepin
Net Operating Income 23041.17
Operating Expense 0
Insurance Expense 0
New Construction N
Property Type Residential Income
Association Amenities Other
Contingency None
MaintenanceExpense 0
Subdivision Name Motor Line Add
Directions 3043 Grand Ave S sits just east of I-35W in the LynLake/Uptown area between Lake Street and 31st Street.
City Minneapolis
High School District Minneapolis
Zoning Description Residential-Multi-Family
Number Of Units Total 4
Lot Size Units Acres
Land Lease Y/N N
Tax Annual Amount 9383
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
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Interior
Basement Crawl Space
Basement (Y/N) N
Above Grade Finished Area 2564
Total Bedrooms 4
Below Grade Finished Area 0
Total Baths 4
Fuel Natural Gas
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Exterior
Fencing Full Wood
Parking Features On-Street Parking Only
Water Source City Water/Connected
Lot Size Area 0.13
Building Area Total 2564
Lot Dimensions 46 x 124
Waterfront Y/N N
Foundation Area 1340
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Internal Only
Street Number 1 3043
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* Excluded Features
List By
Strata Real Estate Resources

Broker

patrick@stratarealestate.com

Email

Affordability Calculator

$5,403
Per Month
86%
14%
0%
Monthly Principal & Interest
$4,621
Monthly Property Taxes
$782
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/15/2026$669,000 -4.29% Price Down
8/19/2026$699,000 Listed Price

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3043 Grand Avenue S, Minneapolis, MN, 55408 is a Multi-Family Home for sale at $669,000 with 2,564 sqft and a lot size of 0.13. 3043 Grand Avenue S has 4 bedrooms, 4.0 baths, and was built in 1900. The property's zip code is 55408 which is in Minneapolis, MN