3043 Grand Ave S

3043 Grand Ave S, Minneapolis, MN 55408

Property Information

  • For Sale $699,000
  • Property Type Multi-Family
  • Property Size 2,564 SF
  • Units 8
  • Lot Size 0.13 Acre
  • Year Built 1900
  • Year Renovated 2025
  • Date Updated Aug 18, 2026

Description

3043 Grand Avenue S is ideally situated in the highly desirable Lyndale neighborhood of South Minneapolis. The property enjoys excellent connectivity, located just minutes from Uptown, Downtown Minneapolis, the Minneapolis Chain of Lakes, and the University of Minnesota. Residents benefit from a highly walkable location with convenient access to a wide variety of restaurants, coffee shops, neighborhood retail, grocery stores, parks, and everyday amenities. Major transportation corridors including Interstate 35W and Interstate 94 are also easily accessible, providing convenient access throughout the Twin Cities metropolitan area.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.

Highlights

  • 5,663 SF two-story property originally built in 1900 and substantially renovated in 2025.
  • Ample free street parking with new window AC units, four water heaters, and four air furnaces providing essential building infrastructure.
  • Flexible hybrid tenancy model supporting short-term, mid-term, and long-term rental demand.
  • Furnished and move-in ready units with recent appliance and furniture upgrades, supporting flexible occupancy.
  • Well-appointed 1-bedroom, 1-bath units featuring private entrances, full kitchens, updated bathrooms, living/work areas, and ample storage.

Contacts

Location

Located at 3043 Grand Ave S, Minneapolis, MN 55408, this property is part of the Lyndale neighborhood and Minneapolis St Paul market.

Contact Listing Broker
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