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For Sale:  Minneapolis MLS# 7030295

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Active NEW!
$600,000
/mo Edit
Multi-family:  Triplex
5 br • 3 ba • Built 1900
3,313 sqft • 0.14 acres
Minneapolis schools
MLS# 7030295
763-576-8286
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    Property Description

    Introducing 1300 Grand Street Northeast in Northeast Minneapolis, an exceptional opportunity to own a well-maintained and thoughtfully updated triplex offering both immediate income and future upside. This classic property features three units spanning across 3, 313 finished square feet. Unit 1 (main floor) includes a full kitchen, living room, two bedrooms, and a full bathroom. Unit 2 (second floor) is currently occupied and offers a full kitchen, dining area, living room, two bedrooms, and a full bathroom. Unit 3 (third floor) features a kitchen, living area, and one bedroom with an adjacent bathroom. Units 1 and 2 have been extensively renovated with updated kitchens and bathrooms, new flooring, fresh paint, and mechanical improvements. Unit 2 is leased at $1, 700/month, while Units 1 and 3 are vacant, providing flexibility for an owner-occupant opportunity or the ability to lease at market rates. Unit 3 offers strong value-add potential for investors looking to further increase rents and build equity through renovation. Additional highlights include a detached garage, new roof in 2026, strong unit layouts, and a prime Northeast location with easy access to local shopping, restaurants, coffee shops, and downtown Minneapolis. Whether you’re looking to owner-occupy, expand your investment portfolio, or secure a turnkey asset with upside, this triplex delivers.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $600,000
    Price per sq ft: $181
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 1
    County: Hennepin
    Year Built: 1900
    State: MN
    Property Style: Triplex
    Zip Code: 55413
    Neighborhood/Area: 68
    Subdivision Name: Traders Add To St Anthony

    Interior

    Bedrooms: 5
    Bathrooms: 3
    Finished Area: 3,313 ft2
    Living Area: 3,313 ft2
    Refrigerators: Three
    Basement Details: Block

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 1
    Garage Dimensions: 10x18
    Garage Size: 180 ft2
    Foundation Size: 1,226 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System:
    • Baseboard
    • Boiler
    Parking Features: Detached Garage
    Shared Amenities: Laundry
    Road Frontage:
    • City Street
    • Curbs
    • Paved Streets
    • Sidewalks
    Roof Details: Asphalt

    Rooms

    Laundry: In Basement

    Lot & Land

    Acres: 0.14
    Geolocation: 45.000641, -93.268955
    Lot Dimensions: 66 x 90
    Zoning: Residential-Multi-Family
    Lot Description:
    • Corner Lot
    • Public Transit (w/in 6 blks)
    • Tree Coverage - Light

    Schools

    School District: 1
    District Phone: 6126680000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: $5,900
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None
    Tenant Expenses: Electricity

    Financial & Taxes

    Tax Year: 2026
    Annual Taxes: $6,670
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,038

    Income

    Annual Gross Income: $52,800

    Rent

    Annual Net Income: $32,839

    Units

    Total Units: 3

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Compass.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.