3043 Grand Ave S
- 5,663 SF two-story property originally built in 1900 and substantially renovated in 2025.
- Flexible hybrid tenancy model supporting short-term, mid-term, and long-term rental demand.
- Well-appointed 1-bedroom, 1-bath units featuring private entrances, full kitchens, updated bathrooms, living/work areas, and ample storage.
- Furnished and move-in ready units with recent appliance and furniture upgrades, supporting flexible occupancy.
- Ample free street parking with new window AC units, four water heaters, and four air furnaces providing essential building infrastructure.
Property Description
3043 Grand Avenue S is a classic 1900 fourplex located in Minneapolis' highly desirable South Uptown neighborhood, just minutes from the vibrant Lyn-Lake district and one of the city's most walkable, amenity-rich rental markets. The property consists of four efficiently designed one-bedroom apartments, each featuring private entrances, full kitchens, off-street parking, fiber internet, and updated interior finishes that appeal to both long-term residents and traveling professionals. Residents enjoy immediate access to restaurants, retail, public transit, parks, and the Chain of Lakes—located just over one mile away—making this an ideal location for tenants seeking convenience and an urban lifestyle. The property has historically operated under a successful hybrid rental strategy, utilizing a mix of short-term (STR), mid-term (MTR), and long-term (LTR) rentals to maximize occupancy and income potential. The flexible operating model has produced a proven history of strong financial performance, supported by consistent demand from traveling professionals, healthcare workers, business travelers, and traditional long-term tenants. Detailed financial information is available upon request. Units offer bright, functional layouts, modern kitchens, fiber internet, smart TVs, ample storage, and private outdoor access. Exterior security cameras, off-street parking, and a quiet residential setting further enhance tenant appeal. Situated on a 5,663-square-foot lot in a dense, renter-oriented neighborhood, the property benefits from excellent transit access and close proximity to Abbott Northwestern Hospital, Children's Minnesota Hospital, downtown Minneapolis, and numerous employment centers. Residents are within walking distance of Grand Avenue, Lyndale Avenue, Lake Street, and the Midtown Greenway, providing convenient access to shopping, dining, recreation, and entertainment. The neighborhood continues to benefit from ongoing reinvestment, new businesses, and strong demand for well-located rental housing. Backed by a proven operating history, stable cash flow, and multiple value-creation strategies—including continued operation under its successful hybrid rental model or conversion to traditional long-term apartment leases—3043 Grand Avenue S offers investors a flexible opportunity to acquire a well-maintained fourplex in one of Minneapolis' most established and resilient multifamily markets.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $669,000 |
| No. of Units: | 8 |
| Year Built: | 1900 |
| Lot Size: | 0.13 Acres |
| Opportunity Zone: | No |
| Price per unit: | $83,625 |
| Property Website | Click Here |
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