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$625,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 7 Total Beds
  • Updated 2 days ago
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Classic 1915 fourplex, fully rented, with a great opportunity to add a 5th unit! 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. All four are currently rented: one unit is on a lease and three are month-to-month, which gives a new owner flexibility on rents and occupancy. 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

Full Property Details for 3831 Grand Ave S

General

  • Price: $625,000
  • Taxes: $10,838 (2026)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7138181
  • Updated: 10/10/2026
  • Added to Site: 3 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 7

Other Rooms

  • Laundry: In Basement, Common Area, Sink, In Basement, Common Area, Sink

Additional Information

  • Shared Amenities: Laundry, Concrete Floors & Walls

Exterior

  • Porch/Patio/Deck: Front Porch, Patio, Porch

Parking

  • Parking Features: Concrete

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Mabies 2nd Add
  • Neighborhood: 40
  • Driving Directions: I-35, west on E 36th St, south on Grand Ave S, home on left

School Information

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

Heating & Cooling

  • Heating Type: Boiler, Hot Water
  • Heating Fuel: Natural Gas

Utilities

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

Structural Information

  • Exterior Const.: Block, Frame
  • Basement: Yes
  • Basement Desc.: Block, Daylight/Lookout Windows, Egress Window(s), Full, Kitchenette, Owner Access, Shared Access, Storage/Locker, Storage Space, Unfinished
  • Foundation Size: 1403
  • Roof: Flat, Rubber
  • Disability Access: None
  • Square Feet: 3,444
  • Above Ground: 3,440 Sq. Ft.
  • Below Ground: 1,670 Sq. Ft.
  • Finished Down/Base.: 5,110 Sq. Ft.
  • Year Built: 1915

Unit Information

  • Units w/Refrigerators: 4

Lot Features

  • Lot Size (Acres): 0.13
  • Lot Dimensions: 46 x 125
  • Frontage: City Street, Curbs, Paved Streets, Sidewalks, Street Lights, Storm Sewer
  • Zoning: Residential-Multi-Family
  • Lot Description: Public Transit (w/in 6 blks), Light Tree Coverage

Financial Considerations

  • Operating Expenses: $1
  • Tax Amount: $10,838
  • Tax Year: 2026
  • Terms: Adj. Rate/Gr Payment, Conventional, VA, FHA, Cash
  • Owner Pays: Snow Removal, Taxes, Trash Collection
  • Tenant Pays: All Utilities, Cable TV, Electricity, Fuel, Gas, Heat, Telephone
  • Pays Cable: Tenant Pays
  • Pays Electric: Tenant Pays
  • Pays Gas: Tenant Pays
  • Pays Heat: Tenant Pays
  • Pays Trash: Owner Pays

Disclosures and Reports

  • Legal Description: MABIES 2ND ADDN TO MPLS N 16 FT OF LOT 22 AND S 30 FT OF LOT 23
  • Property ID: 1002824220108

Listed by Keller Williams Premier Realty Lake Minnetonka

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— 3831 Grand Ave S —

  • Keller Williams Premier Realty Lake Minnetonka

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Schools serving 3831 Grand Ave S

School District:Minneapolis Public School District
NameGradesDistance
Barton Open Elementary School
4237 Colfax Avenue South, Minneapolis, MN 55409
K-50.6 mi
Justice Page Middle School
1 West 49th Street, Minneapolis, MN 55419
6-81.4 mi
Washburn Senior High School
201 West 49th Street, Minneapolis, MN 55419
9-121.4 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 3831 Grand Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/09/2026
Listed
$625,000
305.84%
MLS
3/30/1999
Sold
$154,000
—
Public Record
Get Price Alerts and Save Property
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 3831 Grand Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,257
-1%
$570,700
-5%
2025
$11,407
2%
$602,000
-11%
2023
$11,236
—
$675,000
1%
2023
$11,254
—
$671,200
26%
2023
$11,254
25%
$533,500
5%
2020
$8,979
15%
$508,000
18%
2019
$7,813
9%
$430,500
10%
2018
$7,179
6%
$391,500
8%
2017
$6,794
2%
$362,500
5%
2016
$6,672
16%
$345,000
22%
2015
$5,732
7%
$282,500
15%
2014
$5,362
-1%
$245,500
—
2013
$5,392
—
$245,500
—
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 Keller Williams Premier Realty Lake Minnetonka

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3831 Grand Avenue S, Minneapolis, MN 55409 (MLS# 7138181) is a Multi-Family property with 4 units containing 7 bedrooms and 0 full bathrooms. 3831 Grand Avenue S is currently listed for $625,000 and was received on October 09, 2026. Want to learn more about 3831 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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