3115 Grand Ave Minneapolis, MN 55408

This exceptional 12-unit apartment building, located at 3115 Grand Avenue S in Minneapolis, Minnesota, presents a compelling investment opportunity. Boasting a total of 6,474 square feet on a 0.26-acre lot, the property features a mix of unit sizes: five two-bedroom units and seven one-bedroom units. Several units are currently furnished, adding immediate rental income potential. Recent significant improvements have been made by the seller, including a brand-new roof and updated kitchens and bathrooms throughout. The open floor plans enhance the appeal to tenants. The property benefits from its prime location in Uptown Minneapolis, just blocks from Lake Calhoun and Lyndale Avenue, providing easy access to numerous shops, restaurants, and recreational amenities. Its proximity to US Bank Stadium and the Minneapolis Convention Center further enhances its desirability. The building's strong performance is underscored by a recent appraisal (within the last three years) valuing the property at $2.4 million, significantly exceeding the asking price of $1,690,000. Current management is in place and willing to assist with a smooth six-month transition for the new owner. This presents a rare chance to acquire a value-add property with substantial equity potential in a highly sought-after location. Don't miss this chance to capitalize on this exceptional investment.