3514 Grand Avenue S, Minneapolis, MN 55408

Minneapolis
Local realty services provided by:Better Homes and Gardens Real Estate First Choice
3514 Grand Avenue S,Minneapolis, MN 55408
$825,000
  • 10 Beds
  • 8 Baths
  • 4,900 sq. ft.
  • Multi-family
  • Active
Listed by: shelbie cox
Office: real broker, llc.
MLS#:7079275
Source:NSMLS

Price summary

  • Price:$825,000
  • Price per sq. ft.:$152.78

About this home

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...

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Home facts

  • Year built:2005
  • Subdivision & Development:Bakers Add
  • Listing ID #:7079275
  • Added:136 day(s) ago
  • Updated:October 09, 2026 at 12:19 PM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:8
  • Basement:Yes
  • Basement Description:Block, Egress Window(s), Finished
  • Living area:4,900 sq. ft.

Heating and cooling

  • Heating:Forced Air

Structure and exterior

  • Roof:Age Over 8 Years
  • Year built:2005
  • Building area:4,900 sq. ft.
  • Lot area:0.13 Acres
  • Levels:2 Story

Utilities

  • Water:City Water - Connected
  • Sewer:City Sewer - Connected

Finances and disclosures

  • Price:$825,000
  • Price per sq. ft.:$152.78
  • Tax amount:$14,668 (2026)

Parking

  • Parking description:Detached Garage
  • Garage:Yes
  • Garage spaces:3
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