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$849,900

  • For Sale
  • Active
  • Triplex
  • 10 Beds
  • 8 Total Baths
  • 4,900 Sq. Ft.
  • 3 Car Garage
  • Updated 3 days ago
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Discover a prime investment opportunity with this well-maintained triplex in the heart of Uptown Minneapolis. The property was built in 2005, a rare find in this location. Featuring three spacious units, each with modern kitchens, bathrooms and in-unit laundry, this property boasts a stellar rental history and high-quality tenants, ensuring a steady income stream. The property is easy to rent, with no vacancies in the past five years. Located steps from numerous restaurants, shops, and public transportation, the vibrant Uptown area is a desirable location in Minneapolis. This triplex offers excellent potential for long-term growth in a stable rental market. Additionally, there is potential to reduce expenses by separately metering water and having tenants cover their own water costs and there is an additional bedroom in unit #3 so a significant jump in rental income for that unit is possible. Don't miss the chance to add this property to your portfolio!

Full Property Details for 3514 Grand Ave S

General

  • Price: $849,900
  • Taxes: $14,668 (2026)
  • Status: Active
  • Type: Triplex
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7079275
  • Updated: 5/26/2026
  • Added to Site: 7 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 8

Bedrooms

  • Total Bedrooms: 10

Other Rooms

  • Laundry: In Unit, In Unit

Additional Information

  • Shared Amenities: None

Exterior

  • Porch/Patio/Deck: Terrace

Parking

  • Garage: Yes
  • Garage Description: 20 x 30
  • Garage Spaces: 3
  • Parking Features: Detached Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Bakers Add
  • Neighborhood: 48
  • Driving Directions: I-35 to 35th-36th Street, west on 35th Street to Grand Avenue, south to property.

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: Yes
  • Finished basement: Yes
  • Basement Desc.: Block, Egress Window(s), Finished
  • Foundation Size: 1800
  • Roof: Age Over 8 Years
  • Disability Access: None
  • Square Feet: 4,900
  • Above Ground: 3,600 Sq. Ft.
  • Below Ground: 1,800 Sq. Ft.
  • Finished Down/Base.: 5,400 Sq. Ft.
  • Year Built: 2005

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 45 x 129
  • Frontage: City Street
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $15,981
  • Tax Amount: $14,668.46
  • Tax Year: 2026
  • Terms: Conventional, FHA, Cash
  • Owner Pays: Trash Collection, Water
  • Tenant Pays: Other
  • Pays Trash: Owner Pays
  • Pays Water: Owner Pays

Disclosures and Reports

  • Legal Description: LOT 005 BLOCK 010 BAKERS ADDN TO MPLS
  • Property ID: 302824320126

Listed by Real Broker, LLC

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— 3514 Grand Ave S —

  • Real Broker, LLC

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NMLS#: 1598647

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Schools serving 3514 Grand Ave S

School District:Minneapolis Public School District
NameGradesDistance
Lyndale Elementary School
312 West 34th Street, Minneapolis, MN 55408
PK-50.2 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-81.8 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
9-121.8 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 3514 Grand Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/22/2026
Listed
$849,900
24.07%
MLS
1/02/2020
Sold
$685,000
—
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 3514 Grand Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2024
$14,312
13%
$761,000
—
2023
$12,615
10%
$761,000
11%
2023
$11,497
—
$686,000
3%
2023
$11,497
17%
$664,000
3%
2020
$9,801
9%
$644,500
10%
2019
$9,026
12%
$586,000
11%
2018
$8,025
5%
$528,000
6%
2017
$7,668
11%
$498,000
15%
2016
$6,886
10%
$433,000
16%
2015
$6,236
-2%
$373,036
30%
2014
$6,390
1%
$287,000
—
2013
$6,304
—
$287,000
—
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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Listed by Real Broker, LLC

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3514 Grand Avenue S, Minneapolis, MN 55408 (MLS# 7079275) is a Triplex property with 10 bedrooms and 0 full bathrooms. 3514 Grand Avenue S is currently listed for $849,900 and was received on May 22, 2026. Want to learn more about 3514 Grand Avenue S? Do you have questions about finding other Triplex 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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