3043 Grand Avenue S - Photo 1
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3043 Grand Avenue S
3043 Grand Avenue S
3043 Grand Avenue S
3043 Grand Avenue S
3043 Grand Avenue S

3043 Grand Avenue S, Minneapolis, MN 55408 - MLS# 7129459

MLS® #: 7129459|Listed: Aug 19, 2026

$669,000

$699,000↓ 4.3%
Bedrooms
4
Bathrooms
4
Square Feet
2,564
Acres
0.13
Year Built
1900
Property Type
Residential Income
Heating
Natural Gas, Forced Air
School District
1 - Minneapolis

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. Free convenient on-street parking and shared outdoor space further enhance the property's appeal.

3043 Grand Avenue S, Minneapolis, MN 55408

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Interior Information

BasementCrawl Space
HeatingForced Air
FuelNatural Gas

Size & Levels

LevelsTwo
Total Finished Sq Ft2,564 sq ft
Above Grade Finished2,564 sq ft
Main Level Finished2,564 sq ft

Exterior & Parking

ExteriorVinyl
FoundationBrick/Mortar
ParkingOn-Street Parking Only

Lot & Utilities

Property SubtypeFourplex
Lot Size0.13 acres
Lot Dimensions46 x 124
ZoningResidential-Multi-Family
SubdivisionMotor Line Add
TownshipMinneapolis
CountyHennepin
SewerCity Sewer/Connected
WaterCity Water/Connected
FencingFull, Wood

Financial & Tax Information

Annual Taxes$9,383
Tax Year2026
Tax w/ Assessments$9,383
Assessment PendingNo
Parcel Number0302824220013
List TypeExclusive Right To Sell

Location

Call 612-356-2121For Showings and Questions

Neighborhood at a Glance

In this neighborhood, homes were most commonly built in 1939 or earlier, about 23% of occupied homes are owner-occupied, and the average commute is 23 minutes.

Cost of Ownership

Median home value

$339,300

Lower than the Minneapolis median

The midpoint of estimated values for owner-occupied homes.

Median property taxes paid

$4,255/yr

Similar to the Minneapolis median

The midpoint of annual property taxes paid by homeowners.

Typical monthly owner costs (with mortgage)

$2,094/mo

Similar to the Minneapolis median

Median monthly housing costs for owners with a mortgage.

Typical monthly owner costs (no mortgage)

$710/mo

Lower than the Minneapolis median

Median monthly housing costs for owners without a mortgage.

Median rent

$1,112/mo

Lower than the Minneapolis median

The midpoint of monthly gross rent, including utilities.

Homes in the Area

Owner-occupied homes

23%

Lower than Minneapolis overall

The share of occupied homes lived in by their owners.

Median year built

1972

Similar to the Minneapolis median

The midpoint of years when homes in the area were built.

Home age by decade

The share of homes built during each period.

  • 2000-200917%
  • 1980-198912%
  • 1970-197921%
  • 1939 or earlier40%

Types of homes

The share of housing units in each building type.

  • Single-family detached17%
  • 2-4 units16%
  • 5+ units64%

Getting Around

Average commute

23 min

Similar to the Minneapolis median

The average one-way travel time to work for commuters.

How people get to work

The share of workers using each listed way to get to work.

  • Drive alone48%
  • Work from home19%

Homes with broadband

95%

Similar than Minneapolis overall

The share of households with a broadband internet subscription.

Estimates for the surrounding census tract, not this specific home.

Source: U.S. Census Bureau, American Community Survey 2020-2024 5-year estimates. This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Broker Reciprocity logo
Listed by: Strata Real Estate Resources
Source: NorthstarMLS

Copyright 2026 Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Information Deemed Reliable But Not Guaranteed. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity℠ Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Pederson Realty are marked with the Broker Reciprocity℠ logo or the Broker Reciprocity℠ thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.