USAMNMinneapolisBakers Add3514 Grand Ave S

3514 Grand Ave S, Minneapolis, MN

Name: 3514 Grand Ave S, For Sale in Minneapolis - Zoocasa
Brand: Real Broker, LLC
SKU: 7079275
Price: 825000 USD

House

For Sale

Listed price in listed location currency (USD).

$825,000

1083

MLS® 7079275

Overview

Key Facts

Type Triplex

Levels Residential Income

Size 4900 sqft

Garage Yes

Taxes $14,668

Days Active 151

Lot Size 0.13 Acres

Approx. Age 2005

Avg. Price Per Sqft $168

MLS® Number 7079275

Property Address: 3514 Grand Ave S, Minneapolis, MN, 55408-4625

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

Description

A rare turnkey 2005-built triplex, with an extra studio/storage space, 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 the 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 property offers rare in-place income in one of Uptown's tightest rental markets.

MLS® Number7079275

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age2005

BasementBlock, Egress Window(s), Finished

DrivewayDetached Garage

Garage Spaces

HeatForced Air

A/C

Extras

Map

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