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$699,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 4 Total Beds
  • Updated 2 days ago
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Opportunity to acquire a four-unit multifamily property offering approximately 2,564 SF of living space on a 5,663 SF lot. Built in 1900, the property has benefited from significant capital improvements, including new windows, siding, four water heaters, and four forced air furnaces, along with recent appliance and furnishing upgrades. The property features three 1-bedroom/1-bath units and one studio, all with private entrances, updated kitchens, and flexible furnished configurations. All four units are currently occupied and operating as furnished short-term rentals through airbnb, providing an established rental history and immediate income-producing use, while offering flexibility for short, medium, or long-term rental strategies. The property presents an opportunity for both an investor seeking an established multifamily asset and an owner-occupant looking to live in one unit while generating rental income from the remaining units. Off-street parking and shared outdoor space further enhance the property's appeal.

Full Property Details for 3043 Grand Ave S

General

  • Price: $699,000
  • Taxes: $9,383 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7129459
  • Updated: 8/20/2026
  • Added to Site: 4 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 4

Additional Information

  • Shared Amenities: Other

Parking

  • Parking Features: On-Street Parking Only

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Motor Line Add
  • Neighborhood: 48
  • Driving Directions: 3043 Grand Ave S sits just east of I-35W in the LynLake/Uptown area, between Lake Street and 31st Street.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Forced Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement Desc.: Crawlspace
  • Foundation Size: 1340
  • Disability Access: None
  • Square Feet: 2,564
  • Above Ground: 2,564 Sq. Ft.
  • Finished Down/Base.: 2,564 Sq. Ft.
  • Year Built: 1900

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 46 x 124
  • Zoning: Residential-Multi-Family
  • Fencing (Description): Full, Wood

Financial Considerations

  • Tax Amount: $9,383
  • Tax Year: 2026

Disclosures and Reports

  • Legal Description: LOT 014 BLOCK 001 MOTOR LINE ADDN TO MPLS
  • Property ID: 302824220013

Listed by Strata Real Estate Resources

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— 3043 Grand Ave S —

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Schools serving 3043 Grand Ave S

School District:Minneapolis Public School District
NameGradesDistance
Lyndale Elementary School
312 West 34th Street, Minneapolis, MN 55408
PK-50.4 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-82.3 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
9-122.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 3043 Grand Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
8/19/2026
Listed
$699,000
10.95%
MLS
7/15/2021
Sold
$630,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 3043 Grand Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,383
1%
$496,000
—
2025
$9,265
3%
$496,000
-10%
2023
$9,019
-1%
$549,000
—
2023
$9,104
—
$550,000
33%
2023
$9,104
26%
$413,000
6%
2020
$7,212
24%
$390,000
22%
2019
$5,819
7%
$320,500
10%
2018
$5,448
4%
$291,500
6%
2017
$5,257
-45%
$275,000
188%
2016
$9,501
77%
$95,400
-33%
2015
$5,364
66%
$142,200
7%
2014
$3,230
11%
$133,000
—
2013
$2,912
—
$133,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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3043 Grand Avenue S, Minneapolis, MN 55408 (MLS# 7129459) is a Multi-Family property with 4 units containing 4 bedrooms and 0 full bathrooms. 3043 Grand Avenue S is currently listed for $699,000 and was received on August 19, 2026. Want to learn more about 3043 Grand Avenue S? Do you have questions about finding other Multi-Family real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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