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Listed By

Agency Name: Edina Realty, Inc.
Agency Phone: 952-927-1100

Shown By

Agency Title: Counselor Realty - Rochester
Agency Phone: (507) 285-9400

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Property Description

Solid Minneapolis triplex offering a strong rental history, consistent cash flow, and excellent owner-occupant potential! Features one spacious 3BR unit currently leased month-to-month with 60-day notice, plus two large vacant studios ready for new tenants. Major improvements include two new upper-unit furnaces in 2021, new roof in 2018, exterior repainting in 2023, and extensive insulation upgrades in 2023, including spray foam insulation in the walls and added attic insulation. Updated bathrooms, classic hardwood floors, and separate utilities with tenants paying their own gas and electric add to the appeal. Inviting front porches, a 2-car garage, and additional off-street parking. Conveniently located minutes from downtown Minneapolis, Bryn Mawr Park, Theodore Wirth Park, Utepils Brewing, the Minneapolis Farmers Market, and Metro Transit. A well-maintained property with steady rental demand?ideal for an investor or owner-occupant seeking rental income and long-term upside!

226 Gramercy Avenue | MLS# 7128878

This multi-family property located at 226 Gramercy Avenue, Minneapolis, MN 55405 is currently listed for sale with an asking price of $400,000. Gramercy Avenue is located within the Minneapolis school district. Search Minneapolis real estate on www.counselorrealtyofrochester.com today.

Upcoming Open Houses

Open House Saturday August 29th, 11:30am - 1:00pm
Open House Sunday August 30th, 11:30am - 1:00pm

Property Features

Property Type: Multi Unit - Multiple
Basement: Daylight/Lookout Windows, Full, Owner Access, Unfinished
Basement: Yes
Garage: 2
Heating: Forced Air
Lot Size: 0.15 Acres
Taxes: $7,229
Year Built: 1912

Feature Descriptions

Days on Site: 8
Foundation Size: 1368
Lot: Public Transit (w/in 6 blks)
Lot Dimensions: 45x145
Owners Expense: Insurance, Sewer, Taxes, Trash Collection, Water
Parcel#: 2102924340168
Parking: Detached Garage, RV Access/Parking
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity, Gas
Units: 3
Water: City Water/Connected

Local Schools

School District: Minneapolis

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Estimated Payment

$ 2,848.05 per month $2,128.97 Principal & Interest $602.42 Property Tax $116.67 Homeowner's Insurance

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