Price Reduction
Address
2943 Grand Street NE, Minneapolis, MN
Price
$ 470,000
Property Attributes
- ID#6525891
- TypeMulti-Family
- CountyHENNEPIN
- CityMinneapolis
- AreaNorthtown Add
- NeighborhoodNorthtown Add
- Zip55418
- StyleDuplex Up and Down
- Year Built1900
- Taxes$ 4600
- Price$ 470,000
- Bedrooms2
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage2904
- Lot Size5,227 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description
Xoxo - Welcome Home! This is an incredible opportunity for someone looking to invest in Real Estate! The fact that the upper unit is owner occupied adds a personal touch and flexibility for the new owner. With all-new appliances, flooring, and paint, both units are move-in ready. Making it attractive for potential tenants or short-term renters! The lower unit's setup as an AirBnb and furnished listing. Complete with furnishings, security systems and established accounts, provides immediate income potential without the need for additional setup on marketing efforts. It is rare to find a property that's already set up for short-term rentals like this one. Don't Miss out!
| Price History | |
|---|---|
| 5/8/2024 | Listed $550,000 |
| 5/13/2024 | 15% - $470,000 |
General Features
| Sewer | City Sewer/Connected |
|---|---|
| Heating | Forced Air |
| Construction Materials | Vinyl Siding |
| Year Built | 1900 |
| Tenant Pays | Electricity |
| Levels | Two |
| Property SubType | Duplex Up and Down |
| Tax Year | 2024 |
| Gross Income | 19200 |
| Accessibility | None |
| County | Hennepin |
| Operating Expense | 13424 |
| Insurance Expense | 3060 |
| New Construction | No |
| Property Type | Residential Income |
| Contingency | None |
| MaintenanceExpense | 600 |
| Subdivision Name | Northtown Add |
| Directions | S on Hwy 47,W onto St. Anthony Pkwy,S onto California St NE,W onto 30th Ave NE,S onto Grand St Ne. |
| City | Minneapolis |
| Buyer Agent Compensation | 2.70 |
| High School District | Minneapolis |
| Zoning Description | Residential-Multi-Family |
| Total Units | 2 |
| Street Name | Grand |
| Land Lease Y/N | No |
| Tax Annual Amount | 4600 |
| Electric Expense | 1700 |
| Fuel Expense | 2040 |
| Trash Expense | 900 |
| Water Sewer Expense | 1524 |
| Additional Parcels Y/N | No |
| Days on Market | 5 |
| Standard Status | Active |
| Lender Owned | No |
| Buyer Agent Compensation Type | % |
| PostalCity | Minneapolis |
Interior Features
| Basement | Unfinished |
|---|---|
| Basement (Y/N) | Yes |
| Above Grade Finished Area | 2059 |
| Street Suffix | Street |
| Below Grade Finished Area | 845 |
| Fuel | Natural Gas |
Exterior Features
| Water Source | City Water/Connected |
|---|---|
| Lot Size Area | 0.12 |
| Lot Dimensions | 133x40 |
| Lot Size Units | Acres |
| Foundation Area | 845 |
| Road Frontage Type | City Street,Paved Streets |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 55418
Price
Taxes
Visits
Year Built
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All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Updated on May 20, 2024 4:51 AM UTC
© 2024 Realtor Association of Southern Minnesota. All rights reserved. The data relating to real estate for sale on this limited electronic display comes in part from the Broker Reciprocity (sm) Program of the Realtor Association of Southern Minnesota Multiple Listing Service. Real estate listings held by brokerage firms other then RE/MAX Advantage Plus are marked with the Broker Reciprocity(sm) logo or the Broker Reciprocity(sm) thumbnail logo (a little black house) and detailed information
West Central Association Of REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be
