$420,000

3032 Grand Avenue S

Minneapolis MN, 55408

Description

Spacious, true 3 story, up-down duplex in great Uptown location. Units have always rented in 1-2 days. Prime location in walking distance to the lakes, 1 block from greenway, 1/2 block to wine & cheese shop, trails, nightlife, shops, etc. Both units 2 bed, 1 bath, 1200 sqft. Potential for a third attic unit with 1000ft2, and a 4th basement unit. Zoned R5 - so you can build a condo or other commercial up to 6 units. Renovated/updates: new kitchens, bathrooms, boilers, all new plumbing & almost 100% new electric. All the deep, costly updates have been done - just the inexpensive cosmetic work is left. Countertops & bar made from the old Bryant Lake Bowl lanes! Upper unit rented at discounted rate of $1650 currently; was $1850. Lower unit rented for $2000/mo last year; currently owner occupied. Split utilities - tenants pay gas & electric. Owner is flexible to stay or moving out so new owner-occ can take over this great investment opportunity.

Details

MLS#5658730
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1884
Days On Site11

Features

SQ Feet2,354
Water FrontF

Market Activity 55408

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Area Information
StateMN
CountyHennepin
CityMinneapolis
Zip Code55408
Listing VS Median (in 55408)
Price:
$420,000
low | high
Med:
$495,000
32.142857142857% of Average
SqFt:
2,354
low | high
Med:
3,850
13.551401869159% of Average
$ / SqFt:
$178
low | high
Med:
$129
77.938775510204% of Average
On Site:
11
low | high
Med:
44
25% of Average
Listing Updated: 09/22/2020
Reid Lenz LogoMLS Number: 5658730
Listing Provided By:
Reid Lenz  of  Verde Real Estate Group

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