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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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3514 Grand Ave S , Minneapolis, MN 55408
$825,000
Est. Payment: $4,262.34/mo
10 Bed
8 Bath
4900 Sqft
Status: Active | Days on site: 3
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200018 - 506013010
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Hatch Brokered by Real
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House Description

A rare turnkey 2005-built triplex, with an extra studio/storage space, in one of Minneapolis's most in-demand rental submarkets — this property offers investors a stabilized asset with strong, consistent rents across all four units. The property has had zero vacancies in five years, and strong tenant quality and rental history make it a proven income producer from day one, not a projection. Current gross rents total $7,650 per month, or $91,800 annually. There's also a clear value-add lever: water can be separately metered so tenants cover their own usage, immediately improving NOI. Built in 2005, the property is newer construction than most of the surrounding rental stock, meaning lower near-term capex risk on major systems, and all the units feature modern kitchens, updated baths, and in-unit laundry — amenities that support premium rents and tenant retention. Located within walking distance to Uptown's restaurants, retail, and transit, the property benefits from the kind of walkability that keeps this submarket in consistent demand and supports long-term appreciation. With stabilized cash flow and a clear expense-reduction opportunity, this property offers rare in-place income in one of Uptown's tightest rental markets.
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Highlights

Listed by Shelbie Cox , 612-360-0306 Real Broker, LLC , 855-450-0442. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Multi-Family
Lot/Acreage
0.13

Year Built

2005

County

Hennepin

 Neighborhood

Bakers Add

 School District

Minneapolis

Listing ID

7079275

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:10
  • ▪ Bathrooms:8
  • ▪ Full Bathrooms:8
Above Ground Sq Ft:3600
Below Ground Sq Ft:1300
Basement:Block,Egress Window(s),Finished
Water:City Water/Connected

Exterior Features

Lot Dimensions:45x129
Zoning:Residential-Multi-Family
Roof:Age Over 8 Years
Sewer:City Sewer/Connected
Parking Features:Detached Garage
Principal Interest
$4,262
Taxes
$1,222

Home Price

$825,000

Loan Details

30 yrs
6.708%

Down Payment

20%
$165,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$4,262.34

Principal

Taxes

Principal Taxes HOA Total
Monthly $4,262.34 $1,222.37 $0.00 $5,484.71
Yearly $51,148.05 $14,668.46 $0.00 $65,816.51
Total $1,534,441.53 $440,053.80 $0.00 $1,974,495.33
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Will Provost
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Market insight data is pulled from the same city as the listing being viewed (Minneapolis, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than Hatch Brokered by Real | Real Brokerage LLC | PLACE are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo and detailed information about them includes the name of the listing brokers.
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Data last updated: 2026-09-06T06:58:06.000Z

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