USAMNMinneapolisBadger & Penneys Add2016 Grand Ave S

2016 Grand Ave S, Minneapolis, MN

Name: 2016 Grand Ave S, Inactive in Minneapolis - Zoocasa
Brand: Marcus & Millichap
SKU: 6804590
Price: 800000 USD

Condo

Pending

Listed price in listed location currency (USD).

$800,000

000

MLS® 6804590

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes $17,544

Approx. Age 1967

MLS® Number 6804590

Property Address: 2016 Grand Ave S, Minneapolis, MN, 55405-3463

Average square foot calculated using Size range provided by listing agent.

Description

We are pleased to present for sale Grand Avenue Apartments, a 10-unit apartment community located in the Whittier neighborhood of Minneapolis. 2016 Grand Ave S is available for purchase for the first time in 24 years. Built in 1967, this professionally run apartment community features 2 studio units, 7 one bedroom units and 1 three bedroom unit. With a total of 5, 275 rentable square feet, the properties elegant look and thoughtful care over the years present strong appeal to renters seeking quality housing in an established area. The property includes a 12-space parking lot, an attractive feature for tenants in the relatively dense urban setting. Major capital improvements include a roof from 10 years ago, and windows from 10-20 years ago. With average rents at $910, this opportunity blends consistent cash for the owner and affordability/convenience for the tenant. Rental demand is predicted to increase over the next couple years ensuring this property remains highly occupied. This exceptionally well run property has excellent current and historical occupancy. Located in the Whittier neighborhood of Minneapolis, 2016 Grand Ave, is considered within the "Great Wedge Area" and is within two miles of the downtown metro, one mile to the Chain of Lakes and walking distance to the Uptown business district. The area is both walkable and great for commuting as a result of its location near I-35W and Hennepin Ave S. The property's prime location near highly rated dining destinations, including World Street Kitchen, Black Forest Inn, and Centro Nicollet further enhances its desirability. Positioned in a vibrant neighborhood with easy access to local amenities, 28th Street Apartments offers a compelling investment opportunity with a high potential for long-term wealth creation.

MLS® Number6804590

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1967

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Building, Fixture/Equipment, Land, Leases, Rental License

Similar Listings

Price History

-End Date

-Sold Price

Pending

Oct 15, 2025List Date

$800,000List Price

Commute

Commute

Starting Address

Destination Address

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