3514 Grand AVE S, Minneapolis, MN 55408
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3514 Grand AVE S, Minneapolis, MN 55408
3514 Grand AVE S, Minneapolis, MN 55408
3514 Grand AVE S, Minneapolis, MN 55408
3514 Grand AVE S, Minneapolis, MN 55408
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Darcy Board

Darcy Board

+1(763) 218-1855
$ 849,900
Est. payment /mo
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Active

3514 Grand AVE S Minneapolis, MN 55408

10 Beds

8 Baths

4,900 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 4,900 sqft

Price per Sqft $173

Subdivision Bakers Add

MLS Listing ID 7079275

Bedrooms 10

Year Built 2005

Annual Tax Amount $14,668

Tax Year 2026

Contingent None

Lot Size 5,662 Sqft

Lot Dimensions 45x129

Property Sub-Type Triplex

Property Description

A rare turnkey 2005-built fourplex, legally non-conforming, in one of Minneapolis's most in-demand rental submarkets — this property offers investors a stabilized asset with strong, consistent rents across all four units. The property has had zero vacancies in five years, and strong tenant quality and rental history make it a proven income producer from day one, not a projection. Current gross rents total $7,650 per month, or $91,800 annually. There's also a clear value-add lever: water can be separately metered so tenants cover their own usage, immediately improving NOI. Built in 2005, the property is newer construction than most of the surrounding rental stock, meaning lower near-term capex risk on major systems, and all four units feature modern kitchens, updated baths, and in-unit laundry — amenities that support premium rents and tenant retention. Located within walking distance to Uptown's restaurants, retail, and transit, the property benefits from the kind of walkability that keeps this submarket in consistent demand and supports long-term appreciation. With stabilized cash flow and a clear expense-reduction opportunity, this non-conforming fourplex offers rare in-place income in one of Uptown's tightest rental markets.

Location

State MN

County Hennepin

Zoning Residential-Multi-Family

Rooms

Basement Block, Egress Window(s), Finished

Interior

Heating Forced Air

Fireplace No

Laundry In Unit

Exterior

Parking Features Detached Garage

Garage Spaces 3.0

Fence None

Pool None

Roof Type Age Over 8 Years

Building

Story Two

Foundation 1800

Sewer City Sewer/Connected

Water City Water/Connected

Level or Stories Two

New Construction false

Schools

School District Minneapolis

Listed by Shelbie Walsh • Real Broker, LLC
Darcy Board
Darcy Board

Agent

+1(763) 218-1855 | [email protected]

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3514 Grand AVE S