3831 Grand Avenue S, Minneapolis, MN 55409

$625,000
7
BD
4
BA
3,444
SqFt

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List Price
$625,000
MLS#
7138181
Status
ACTIVE
Type
Multifamily
Bedrooms
7
Bathrooms
4
Living Area
3,444
Acres
0.13
Subdivision
Mabies 2nd Add
Neighborhood
40
Year Built
1915

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.

Additional Information

School District
Minneapolis
Amenities Shared
Laundry, Concrete Floors & Walls
Tax Year
2026
Fencing
None
Fuel
Natural Gas
Lot Description
Public Transit (w/in 6 blks), Tree Coverage - Light
Sewer
City Sewer/Connected
Roof
Flat, Rubber
Topography
Level
Heating
Boiler, Hot Water
Water
City Water/Connected
Basement
Block, Daylight/Lookout Windows, Egress Window(s), Full, Kitchenette, Owner Access, Shared Access, Storage/Locker, Storage Space, Unfinished
Parking
Concrete

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Listing courtesy of Keller Williams Premier Realty Lake Minnetonka.

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