4300 Grand Avenue S Minneapolis, MN $ 900,000
4300 Grand Avenue S
$ 900,000
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4300 Grand Avenue S

Minneapolis, MN, 55409
$ 900,000
Baths0.0 Sq 5,410

Monthly Estimate*

$ 5,982

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Studio

Commercial Property for sale in Minneapolis, MN

for $900,000. This 5,410 square foot building was built in 1961 on a lot size of 0.18.

Located in the heart of the King Field neighborhood of Minneapolis. Rare opportunity to purchase a true multi-family building in this neighborhood. The building has seven units: six - 1BR/1BA units and one 2BR/2BA unit. A laundry room with coin operated machines and storage closets for each unit. The corner lot includes seven parking spaces. A new boiler was installed five years ago. The roof is three years old. Wall unit AC’s in each unit. Clean, well kept units. Solid original tile bathrooms, pink or blue, pick your 60's look. High occupancy rate and room for rent increases. Three blocks to cafes and restaurants and less than 10 blocks from Lake Harriet.

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Commercial Active

Price

$ 900,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 12,956

Style

Apartment

Lot Size

0.18

Year Built

1961

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

6531642

Features
General
Sewer City Sewer/Connected
Heating Boiler Radiator(s)
Cooling Wall Unit(s)
Utilities Electric Common Heating Common Hot Water Common
Roof Age 8 Years or Less
Appliances Cooktop Range Refrigerator
Garage Spaces 0
Construction Materials Brick/Stone
Year Built 1961
Tenant Pays Electricity
Levels Two
Property SubType Apartment
Tax Year 2024
Current Use Residential
Gross Income 83358
Accessibility None
County Hennepin
Net Operating Income 47769
Operating Expense 0
Insurance Expense 4316
Property Type Commercial Sale
Association Amenities Coin-op Laundry Owned
Contingency None
Subdivision Name Marsh & Bartletts 1st Add
Directions 43rd St and Grand Ave S
City Minneapolis
Buyer Agent Compensation 2.50
High School District Minneapolis
Zoning Description Residential-Multi-Family
Total Units 7
Street Name Grand
Land Lease Y/N N
Tax Annual Amount 12956
Electric Expense 0
Fuel Expense 0
Trash Expense 0
Water Sewer Expense 0
Additional Parcels Y/N N
Standard Status Active
Lender Owned No
Amenities Unit Hardwood Floors Tile Floors
Buyer Agent Compensation Type %
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Exterior
Parking Features Paved
Water Source City Water/Connected
Inclusions Building Land Leases
Lot Size Area 0.18
Building Area Total 5410
Lot Dimensions 60X131
Lot Size Units Square Feet
Foundation Area 2860
Road Frontage Type City Street
Road Responsibility Public Maintained Road
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Interior
Basement (Y/N) N
Street Suffix Avenue
Fuel Natural Gas
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Internal Only
Street Number 1 4300
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* Excluded Features
List By
Morgan And Trust Realty

Broker

morganhomesearch@gmail.com

Email

Affordability Calculator

$7,061
Per Month
85%
15%
0%
Monthly Principal & Interest
$5,982
Monthly Property Taxes
$1,080
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
708364 Elementary School
708967 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
5/7/2024$900,000 Listed Price

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4300 Grand Avenue S, Minneapolis, MN, 55409 is a Commercial Property for sale at $900,000 with 5,410 sqft and a lot size of 0.18. 4300 Grand Avenue S is a studio with 0.0 baths and was built in 1961. The property's zip code is 55409 which is in Minneapolis, MN