Located in the highly desirable Whittier neighborhood of Uptown Minneapolis, this well-maintained four-unit building offers exceptional investment potential. Set on an extra-wide 64 ft lot, the property provides a mix of spacious living spaces, recent upgrades, and a prime location with strong rental demand. Ideal for investors seeking a low-maintenance property with long-term income potential.
Property Highlights:
Unit 1 & 2: Expansive 3-bedroom units featuring wood floors, cozy fireplaces, and recent updates. Unit 1 includes refinished floors, modern kitchen cabinets, updated tile floors, and beautiful granite countertops.
Unit 3 (Top Level): A large, 2-bedroom unit that boasts a private deck, gas fireplace, and luxurious vinyl flooring. The kitchen has also been updated with sleek granite countertops, making this space a perfect home for tenants seeking comfort and style.
Lower-Level Studio: This cozy studio apartment has its own egress and a utility room equipped with owned coin-operated laundry, adding extra convenience for residents.
Parking & Amenities: The property offers three garage stalls and ample off-street parking. Plus, a brand-new roof was installed in 2024, ensuring peace of mind and no major roofing expenses for years to come.
This building offers fantastic potential for steady rental income in a thriving area with excellent amenities, restaurants, and transit options nearby. With its spacious units, recent updates, and prime location in Uptown Minneapolis, this building represents an outstanding investment opportunity. The strong rental demand in this area ensures the property will remain a reliable source of income. Don’t miss your chance to invest in this desirable, low-maintenance property!
Association AmenitiesLaundry, Coin-op Laundry Owned
CityMinneapolis
Construction MaterialsStucco
ContingencyNone
CountyHennepin
DirectionsSouth on 94 to Lyndale Ave. Take a left (east) on Franklin Ave S, go 3 blocks and take a right on Grand Ave S. Arrive at 2 property on the left 2017 Grand Ave S.
Electric Expense900
Fuel Expense8100
Garage Spaces3
Gross Income67800
HeatingBoiler, Radiator(s)
High School DistrictMinneapolis
Insurance Expense6200
Land Lease Y/NNo
Lender OwnedNo
LevelsMore Than 2 Stories
Living Area4732
Lot Size UnitsAcres
MaintenanceExpense500
New ConstructionNo
Number Of Units Total4
Operating Expense20100
OwnerPaysGas, Insurance, Grounds Care, Repairs, Sewer, Taxes, Trash Collection
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