For Sale Multi-Family MLS# 7138181

3831 Grand Avenue S

Minneapolis, MN 55409

$625,000

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About 3831 Grand Avenue S

Classic 1915 fourplex with three of four units rented and a great opportunity to add a 5th unit! The vacant unit is ready for a new tenant or an owner-occupant, making this a great fit for investors and house-hackers alike. The basement already has a kitchen and a bathroom in place and just needs to be finished to create a 2-bedroom fifth unit. The building has three 2-bedroom units and one 1-bedroom unit. Each unit has front and back entries, a living/dining room, a full bath, and a range and refrigerator. Period character runs throughout, with hardwood floors, natural woodwork, paneled doors, and historic millwork. The upper units have skylights and ceiling fans. There are very large front porches on both levels. Tenants pay their own electric, gas, heat, cable, and phone, and the owner pays trash, snow removal, and taxes. The full basement also has storage lockers for each tenant, a common washer and dryer, and daylight and egress windows. There's off-street parking for four on the concrete driveway. The lot is level, on a city street with sidewalks and streetlights, close to public transit, with fiber internet available. Conventional, FHA, and VA financing are accepted.

Property details

Property

Type
Fourplex
MLS type
Multi Family Home
Status
Active
Year built
1915
Stories
Two
Living area
3,444 sqft
Price / sqft
$181
Lot
0.13
Original price
$625,000
MLS #
7138181

Interior

Features
Boiler, Hot Water, In Basement, Common Area, Sink, Block, Daylight/Lookout Windows, Egress Window(s), Full, Kitchenette, Owner Access, Shared Access, Storage/Locker, Storage Space, Unfinished
Heating
Boiler, Hot Water
Laundry
In Basement, Common Area, Sink

Exterior & lot

Features
Stucco, Wood, Concrete
Construction
Two, Block, Flat, Rubber
Roof
Flat, Rubber
Foundation
Block
Lot
1002824220108, Level
Parking
Concrete

Schools

District
Minneapolis Public School District

Utilities

Utilities
City Sewer/Connected, City Water/Connected, Circuit Breakers
Water
City Water/Connected
Sewer
City Sewer/Connected

Financial

Financial
northstar
Annual tax
$10,838
Tax year
2026
Parcel
1002824220108

Location

Subdivision
Mabies 2nd Add
County
Hennepin
Neighborhood
King Field
Community
Hennepin, City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer, Laundry, Concrete Floors & Walls, northstar, Minneapolis
Directions
I-35, west on E 36th St, south on Grand Ave S, home on left

Location

Neighborhood
King Field
Subdivision
Mabies 2nd Add
School district
Minneapolis Public School District

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Listed by Isaac Nagel, Keller Williams Premier Realty Lake Minnetonka

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.