3514 Grand Avenue S, Minneapolis, MN 55408

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 2005
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1800
Above Ground SqFt: 3600
Below Grd Total SqFt: 1800
Total SqFt: 5400
Foundation Size: 1800
Style: (MF) Triplex
Total Finished Sqft: 4900.00
Garage Stalls: 3
Lot Dimensions: 45x129
Acres: 0.13
Assessment Pending: No
# Carport Spaces: 0

Property Features

Accessible: None Amenities Shared: None Assumable Loan: Not Assumable Basement: Concrete Block; Egress Windows Construction Status: Previously Owned Exterior: Brick/Stone; Vinyl Fencing: None Foundation: Concrete Block Fuel: Natural Gas Heating: Forced Air Laundry: In Unit Lock Box Type: Combo Owner Pays: Trash Collection; Water Pool Description: None Rental License Type: Standard Road Frontage: City Street Road Responsibility: Public Maintained Road Roof: Age Over 8 Years Sellers Terms: Cash; Conventional; FHA Sewer: City Sewer/Connected Stories: Two Tenant Pays: Other Unit 1 Appliances: Dishwasher; Range; Refrigerator Unit 1 Cooling: Central Unit 2 Appliances: Dishwasher; Range; Refrigerator Unit 2 Cooling: Central Unit 3 Amenities: Balcony Unit 3 Appliances: Dishwasher; Range; Refrigerator Unit 3 Cooling: Central Water: City Water/Connected

Contract Information

Contingency: None
Original List Price: 849900
ListPrice: 849900
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3514
Street Name: Grand
Street Suffix: Avenue
Street Direction Suffix: S
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55408
Complex/Dev/Subdivision: Bakers Add

Assessments

Tax With Assessments: 14668.46
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 3600
Finished SqFt Below Ground: 1300

More Information

Income and Expenses

Annual Electric Expense: 440
Annual Gross Expenses: 15981
Annual Gross Income: 79500
Annual Insurance Expense: 6138
Annual Maintenance Expense: 1650
Annual Repair Expense: 2300
Annual Trash Expense: 1386
Annual Water/Sewer Expense: 4067
Total Annual Expenses: 15981
Annual Caretaker Expense: 0
Annual Fuel Expense: 0
Misc Monthly Income: 0
Misc. Annual Income: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

Homestead: No

Ownership

Fractional Ownership: No

Parking Characteristics

Garage Dimensions: 20x30
Garage Square Feet: 600

Public Survey Info

Range#: 24
Section#: 03
Township#: 28

Unit 1

Furnished?: No
Leased?: Yes
Unit Number: Yes
1/2 Baths: Yes
3/4 Baths: 2
Annual Rent: 35700
Finished SqFt: 2000
Full Baths: Yes
Monthly Rent: 2975
No. of Units Like This: Yes
Total Baths: 4
Total Bedrooms: 4
Total Rooms: 9

Unit 2

Furnished?: No
Leased?: Yes
Unit Number: 2
3/4 Baths: Yes
Annual Rent: 24600
Finished SqFt: 1300
Full Baths: Yes
Monthly Rent: 1600
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 6

Unit 3

Furnished?: No
Leased?: Yes
Unit Number: 3
3/4 Baths: Yes
Annual Rent: 19200
Finished SqFt: 1000
Full Baths: Yes
Monthly Rent: 2050
No. of Units Like This: Yes
Total Baths: 2
Total Bedrooms: 3
Total Rooms: 6

Unit Details

Total Units: 3

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 005 BLOCK 010 BAKERS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 120
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 3712
Property ID Number: 0302824320126
Tax Year: 2026
Tax Amount: 14668.46
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Discover a prime investment opportunity with this well-maintained triplex in the heart of Uptown Minneapolis. The property was built in 2005, a rare find in this location. Featuring three spacious units, each with modern kitchens, bathrooms and in-unit laundry, this property boasts a stellar rental history and high-quality tenants, ensuring a steady income stream. The property is easy to rent, with no vacancies in the past five years. Located steps from numerous restaurants, shops, and public transportation, the vibrant Uptown area is a desirable location in Minneapolis. This triplex offers excellent potential for long-term growth in a stable rental market. Additionally, there is potential to reduce expenses by separately metering water and having tenants cover their own water costs and there is an additional bedroom in unit #3 so a significant jump in rental income for that unit is possible. Don't miss the chance to add this property to your portfolio!
Directions: I-35 to 35th-36th Street, west on 35th Street to Grand Avenue, south to property.

Accessible

None: Yes

Amenities Shared

None: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes
Egress Windows: Yes

Construction Status

Previously Owned: Yes

Exterior

Brick/Stone: Yes
Vinyl: Yes

Fencing

None: Yes

Foundation

Concrete Block: Yes

Fuel

Natural Gas: Yes

Heating

Forced Air: Yes

Laundry

In Unit: Yes

Lock Box Type

Combo: Yes

Owner Pays

Trash Collection: Yes
Water: Yes

Patio, Porch and Deck Features

Terrace: Yes

Pool Description

None: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Road Responsibility

Public Maintained Road: Yes

Roof

Age Over 8 Years: Yes

Sellers Terms

Cash: Yes
Conventional: Yes
FHA: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Water

City Water/Connected: Yes

No. of Ranges

Four: Yes

No. of Refrigerators

Four: Yes

Tenant Pays

Other: Yes

Unit 1 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 1 Cooling

Central: Yes

Unit 2 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 2 Cooling

Central: Yes

Unit 3 Amenities

Balcony: Yes

Unit 3 Appliances

Dishwasher: Yes
Range: Yes
Refrigerator: Yes

Unit 3 Cooling

Central: Yes