2442 S Grand Avenue
Minneapolis, MN 55405
MLS #4874259

Multi-Family
  • 4units
  • 7beds
  • 0.15acres
  • 3,596sq ft
$575,000
Est. P&I payment: $2196.11/mo
2442 S Grand Avenue, Minneapolis, MN 55405
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Description for 2442 S Grand Avenue, Minneapolis, MN 55405
THIS IS IT! Uptown/Wedge High Demand Location! This 4-plex is Charming and Fully Rented through September 2018! These Unique Units have historically been very easy to keep full. Porch and Balcony, Some Units remodeled/updated with refinished floors and fresh paint last year. Walk to Restaurants, Shops, Entertainment and more! Coin-Op Laundry in the basement. Tenants care for lawn and snow removal in exchange for rent credit. Photos are from prior rental listings.
MLS #4874259
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My Notes for MLS #4874259

General Features

  • Propery Type: MF
  • Total Number of Units: 4
  • Year Built: 1906
  • Acres: 0.15
  • Foreclosure Status: No
  • Lender Owned: No
  • Lot Description: Tree Coverage - Medium
  • Lot Dimensions: 47x135
  • Status: Active
  • Style: (MF) Two Stories

Exterior Features

  • Exterior: Shakes
  • Road Frontage: City
  • Parking Characteristics: On-Street Parking Only

Interior Features

  • Total Finished Square Footage: 3,596
  • Handicap Accessible: None
  • Basement: Full
  • Above Ground Finished SqFt: 3,596
  • Unit 1 B1 Level: Main (Ground)
  • Unit 1 B2 Level: Main (Ground)
  • Unit 1 Bath Characteristics: Main Floor Full Bath
  • Unit 1 Bath Full: 1
  • Unit 1 Total Baths: 1
  • Unit 1 Bedrooms: 2
  • Unit 1 Dining Room Level: Main (Ground)
  • Unit 1 Total Expenses: 320
  • Unit 1 Kitchen Level: Main (Ground)
  • Unit 1 Living Room Level: Main (Ground)
  • Number of Unit: 4
  • Unit 1 Number of Units: 1
  • Unit 1 Total Rooms: 5
  • Unit 1 Finished Square Footage: 900
  • Unit 2 Bedrrom 1 Level: Main (Ground)
  • Unit 2 Bath Characteristics: Main Floor Full Bath
  • Unit 2 Full Bath: 1
  • Unit 2 Total Baths: 1
  • Unit 2 Number of Bedrooms: 1
  • Unit 2 Dining Room Level: Main (Ground)
  • Unit 2 Ex-1 Level: Main (Ground)
  • Unit 2 Ex-1 Name: Office
  • Unit 2 Kitchen Level: Main (Ground)
  • Unit 2 Living Room Level: Main (Ground)
  • Unit 2 Number of Units: 1
  • Unit 2 Total Rooms: 5
  • Unit 2 Finished Square Footage: 900
  • Unit 3 Bedroom 1 Level: Upper
  • Unit 3 Bedroom 2 Level: Upper
  • Unit 3 Full Baths: 1
  • Unit 3 Total Baths: 1
  • Unit 3 Bedrooms: 2
  • Unit 3 Dining Room Level: Upper
  • Unit 3 Ex-1 Name: Porch
  • Unit 3 Kitchen Level: Upper
  • Unit 3 Living Room Level: Upper
  • Unit 3 Number of Units: 1
  • Unit 3 Total Rooms: 5
  • Unit 3 Finished Square Footage: 900
  • Unit 4 Bedroom 1 Level: Upper
  • Unit 4 Bedroom 2 Level: Upper
  • Unit 4 Full Baths: 1
  • Unit 4 Total Baths: 1
  • Unit 4 Bedrooms: 2
  • Unit 4 Dining Room Level: Upper
  • Unit 4 Ex-1 Name: Porch
  • Unit 4 Kitchen Level: Upper
  • Unit 4 Living Room Level: Upper
  • Unit 4 Number of Units: 1
  • Unit 4 Total Rooms: 5
  • Unit 4 Finished Square Footage: 900

Utilities Features

  • Water: City Water/Connected
  • Fuel: Natural Gas
  • Heating: Hot Water
  • Unit 1 Appliances: Range,​Refrigerator
  • Unit 2 Appliances: Range,​Refrigerator
  • Unit 3 Appliances: Range,​Refrigerator
  • Unit 4 Appliances: Range,​Refrigerator
  • Number of Ranges: Four
  • Number of Refrigerators: Four
  • Sewer: City Sewer/Connected

Financial Features

  • Annual rent: 13,200
  • Annual Gross Income: 54,600
  • Annual Caretaker Expense: 1,198
  • Annual Electric Expense: 7,315
  • Annual Insurance Expense: 4,300
  • Annual Maintenance Expense: 417
  • Annual Repair Expense: 1,973
  • Annual Gross Expense: 15,203
  • Total Annual Expenses: 33,094
  • Unit 1 Monthly Rent: 1,100
  • Unit 2 Annual Rent: 13,200
  • Unit 2 Total Expenses: 320
  • Unit 2 Monthly Rent: 1,100
  • Unit 3 Annual Rent: 13,800
  • Unit 3 Total Expenses: 320
  • Unit 3 Monthly Rent: 1,150
  • Tax Amount: 8,416
  • Tax With Assessments: 8,416
  • Tax Year: 2017
  • Tenant Expenses: Snow,​Lawn,​Cable T.V.,​Other

Community Features

  • Municipality: Minneapolis
  • County: Hennepin
  • Neighborhood: Whittier
  • Postal City: Minneapolis (MN)

School Features

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Misc Features

  • Amenities - Shared: Porch,​Coin-op Laundry Owned,​Security Building
  • Construction Status: Previously Owned
  • Foundation Size: 1,798
  • Homestead: No
  • Potential Short Sale: No
  • Zoning: Residential-Multi-Family

Location

 
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Directions to 2442 S Grand Avenue, Minneapolis, MN 55405
LYNDALE AVE TO 24TH ST EAST TO GRAND SOUTH TO HOME ON RIGHT
The listing information for 2442 S Grand Avenue, Minneapolis, MN 55405 was graciously provided by our friends at the listing brokerage, Friemann Real Estate Services, Inc

Get Financing for 2442 S Grand Avenue, Minneapolis, MN 55405

SMW Federal Credit Union
Lindsey Palin
700 Apollo Drive
Lino Lakes, MN 55014
651-747-1562 Office
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P&I Payment $2196.11
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Last Updated 10/16/2017 at 8:39pm
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