Property for Sale in Minneapolis
2016 Grand S Avenue
Minneapolis, MN 55405
Property Details
Year Built
1967
Square Feet
6,542
Parking Features
Parking Lot
Zoning
Residential-Multi-Family
2025 Property Taxes
$17,544
School District
Minneapolis
County
Hennepin
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.
Near the intersection of Grand Ave and Franklin
Features
Utilities
Electric Separate,Heating Common,Hot Water Common
Cooling
Window Unit(s)
Heating
Boiler
Sewer
City Sewer/Connected
Water
Public
Additional Info
Listed By
Michael Jacobs of Marcus & Millichap
Listed
10/14/25 and last updated 10/29/25
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
