3115 S Grand Avenue
Minneapolis, MN 55408

Commercial
  • 0.26acres
$1,320,000
Est. P&I payment: $5041.51/mo
3115 S Grand Avenue, Minneapolis, MN 55408
  • 3115 S Grand Avenue, Minneapolis, MN 55408 Photo 1
  • 3115 S Grand Avenue, Minneapolis, MN 55408 Photo 2
  • 3115 S Grand Avenue, Minneapolis, MN 55408 Photo 3
  • 3115 S Grand Avenue, Minneapolis, MN 55408 Photo 4
  • 3115 S Grand Avenue, Minneapolis, MN 55408 Photo 5
  • 3115 S Grand Avenue, Minneapolis, MN 55408 Photo 6
  • 3115 S Grand Avenue, Minneapolis, MN 55408 Photo 7
  • 3115 S Grand Avenue, Minneapolis, MN 55408 Photo 8
  • 3115 S Grand Avenue, Minneapolis, MN 55408 Photo 9
  • 3115 S Grand Avenue, Minneapolis, MN 55408 Photo 10
  • 3115 S Grand Avenue, Minneapolis, MN 55408 Photo 11
  • 3115 S Grand Avenue, Minneapolis, MN 55408 Photo 12
Share  
Description for 3115 S Grand Avenue, Minneapolis, MN 55408
Prime location, just blocks from Lake and Lyndale in Uptown. Turn-key operation with stabilized occupancy. Mgmt company willing to stay on. See supplements for financial performance. Seller is doing a 1031 Exchange.
Tour This Property In Person
Request a Showing
 

My Notes for MLS #4936804

General Features

  • Acres: 0.26
  • Current Use: Residential
  • Foreclosure Status: No
  • Year Built: 1969
  • Sale Includes: Building,​Land
  • Total Number of Units: 12
  • Status: Active

Exterior Features

  • Exterior: Brick/Stone
  • Parking Characteristics: Uncovered/Open,​Driveway - Asphalt,​Unassigned
  • Lot Dimensions: 90x123
  • Other Parking Spaces: 12

Interior Features

  • Building Finished Square: 9,711
  • Handicap Accessible: None
  • Roof: Flat,​Rubber
  • Number of 1 Bedroom Unit: 7
  • Number of 2 Bedroom Unit: 5
  • Number of Units 2: 7
  • Number of Units 3: 5

Utilities Features

  • Appliances: Range,​Dishwasher,​Refrigerator
  • Air Conditioning: Wall
  • Heating: Baseboard,​Boiler
  • Fuel: Natural Gas
  • Water: City Water/Connected
  • Number of Ranges: One Per Unit
  • Number of Refrigerators: One Per Unit
  • Sewer: City Sewer/Connected

Financial Features

  • Annual Gross Expense: 56,702
  • Miscellaneous Annual Income: 2,867
  • Miscellaneous Monthly Income: 239
  • Total Annual Income: 133,440
  • Unit 2 Monthly Rent: 818
  • Annual Rent 2: 68,712
  • Unit 3 Monthly Rent: 1,031
  • Annual Rent 3: 61,860
  • Total Monthly Income: 11,120
  • Annual Net Income: 74,619
  • Tax Amount: 17,919
  • Tax With Assessments: 17,919
  • Tax Year: 2018
  • Annual Gross Income: 131,321

Community Features

  • County: Hennepin
  • Municipality: Minneapolis
  • Postal City: Minneapolis (MN)
  • Neighborhood: Lyndale

School Features

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Misc Features

  • Foundation Size: 3,237
  • Zoning: Residential-Multi-Family
  • Lender Owned: No
  • Potential Short Sale: No

Location

 
Street View Not Available
Directions to 3115 S Grand Avenue, Minneapolis, MN 55408
From West Lake Street, go South on Grand Ave for 1 block.
The listing information for 3115 S Grand Avenue, Minneapolis, MN 55408 was graciously provided by our friends at the listing brokerage, Manarola LLC

Get Financing for 3115 S Grand Avenue, Minneapolis, MN 55408

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
Request Mortgage Information
($ or %)
%
P&I Payment $5041.51
Request More Listing Information
Please Note: All information in this site is deemed reliable but not guaranteed. The property information provided on EXIT Realty Metro's websites is for personal, non-commercial use only and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Property information is gathered from third-party resources including the seller and public records. EXIT Realty Metro, Onjax, LLC, its affiliates, owners, subsidiaries and subscribers disclaim any and all representations or warranties as to the accuracy or reliability of the information provided. You should verify all claims through personal inspection and/or contact with the appropriate real estate professionals.
Copyright 2018 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than EXIT Realty Metro are marked with the Broker Reciprocity SM logo or the Broker Reciprocity SM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.

View EULA | View Digital Millennium Copyright Act (DMCA) Notice
Last Updated 04/20/2018 at 5:03pm
Agent Login    |    Powered by Onjax
Create Free Account or
Chris Deutsch
By using our site, users agree
to the terms and privacy policy
Equal Housing Opportunity Realtor MLS
Sign-In or