2016 GRAND AVENUE
2016 Grand Avenue, Minneapolis, 55405, MN
-
Price: $800,000
-
Status type: For Sale
-
City: Minneapolis
-
Neighborhood: Whittier
Bedrooms: 0
Property Size :0
-
Listing Agent: NST1001844,NST520613
-
Property type : Apartment
-
Zip code: 55405
-
Street: 2016 Grand Avenue
-
Street: 2016 Grand Avenue
Bathrooms: N/A
Year: 1967
Listing Brokerage: Marcus & Millichap
DETAILS
We are pleased to present for sale Grand Avenue Apartments, a 10-unit apartment community located in the Whittier neighborhood of Minneapolis. 2016 Grand Ave S is available for purchase for the first time in 24 years. Built in 1967, this professionally run apartment community features 2 studio units, 7 one bedroom units and 1 three bedroom unit. With a total of 5,275 rentable square feet, the properties elegant look and thoughtful care over the years present strong appeal to renters seeking quality housing in an established area. The property includes a 12-space parking lot, an attractive feature for tenants in the relatively dense urban setting. Major capital improvements include a roof from 10 years ago, and windows from 10-20 years ago. With average rents at $910, this opportunity blends consistent cash for the owner and affordability/convenience for the tenant. Rental demand is predicted to increase over the next couple years ensuring this property remains highly occupied. This exceptionally well run property has excellent current and historical occupancy. Located in the Whittier neighborhood of Minneapolis, 2016 Grand Ave, is considered within the "Great Wedge Area" and is within two miles of the downtown metro, one mile to the Chain of Lakes and walking distance to the Uptown business district. The area is both walkable and great for commuting as a result of its location near I-35W and Hennepin Ave S. The property's prime location near highly rated dining destinations, including World Street Kitchen, Black Forest Inn, and Centro Nicollet further enhances its desirability. Positioned in a vibrant neighborhood with easy access to local amenities, 28th Street Apartments offers a compelling investment opportunity with a high potential for long-term wealth creation.
INTERIOR
Bedrooms: N/A
Fin ft² / Living Area: N/A
Below Ground Living: N/A
Bathrooms: N/A
Above Ground Living: N/A
-
Basement Details: ,
Appliances Included:
-
EXTERIOR
Air Conditioning: Window Unit(s)
Garage Spaces: N/A
Construction Materials: N/A
Foundation Size: 2164ft²
Unit Amenities:
-
Heating System:
-
- Boiler
LOT
Acres: N/A
Lot Size Dim.: Rectangle
Longitude: 44.9621
Latitude: -93.2846
Zoning: Residential-Multi-Family
FINANCIAL & TAXES
Tax year: 2025
Tax annual amount: $17,544
MISCELLANEOUS
Fuel System: N/A
Sewer System: City Sewer/Connected
Water System: City Water/Connected
ADDITIONAL INFORMATION
MLS#: NST7816018
Listing Brokerage: Marcus & Millichap
ID: 4213910
Published: October 15, 2025
Last Update: October 15, 2025
Views: 2
