3043 Grand Avenue SMinneapolis, MN 55408
$669,000
4 bedrooms · 4 bathrooms · 2,564 finished sq ft · 0.13 acre lot
About this home
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.
Home facts
- Home type
- Townhome
- Style
- Quadruplex
- Year built
- 1900
- Bedrooms
- 4
- Bathrooms
- 4
- Finished sq ft
- 2,564
- Lot
- 0.13 acres
- Basement
- Crawl Space
- Heating
- Natural Gas, Forced Air
- Property taxes
- $9,383 a year
- Listed
- August 19, 2026
- MLS number
- 7129459
Listing courtesy of Strata Real Estate Resources (Patrick B. Corbett). MLS #7129459.
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How it compares
3043 Grand Avenue S, Minneapolis, MN 55408 is a 4-bedroom townhome built in 1900 in Lyndale, listed for $669,000 on August 19, 2026 by Strata Real Estate Resources. That is in the middle range of the 28 townhomes for sale in Minneapolis right now (median $629,500; $261 per square foot here against $183 for the group). That works out to $261 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 10:01 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- Lyndale, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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