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Marcus & Millichap is the brokerage office representing the seller for this listing.
Copyright ©2025, Regional Multiple Listing Service of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this 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 are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Gallery of Homes Group is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Gallery of Homes Group, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.
Copyright ©2025, Regional Multiple Listing Service of Minnesota, Inc. all rights reserved. Information is deemed reliable but is not guaranteed.
The data relating to real estate for sale on this 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 are marked with the Broker Reciprocity logo or the Broker reciprocity house icon and detailed information about them includes the names(s) of the listing brokers. Gallery of Homes Group is not a multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Gallery of Homes Group, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.
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{"Id":1421510,"ORGTABLE":"RAW_Property","MLSCLASS":"COM","MLSNUMBER":"NST6804590","MLSAGENTID":"NSTSPAR030330","MLSOFFICEID":"NST253100","ADDRESS":"2016 Grand Avenue S","ACRES":0.18,"AGENTOWNER":true,"AUCTIONYN":false,"CITY":"Minneapolis","CONTINGENCY":"None","COUNTY":"Hennepin","CURRENTUSE":"Residential","DISTRIBUTEADDRESSTOINTERNET":true,"DISTRIBUTETOINTERNET":true,"EXTERIOR":"Stucco","FORECLOSURE":"No","LASTPRICE":800000.0,"LASTPRICEDATE":"2025-10-15T14:46:05.003","LATITUDE":44.962077,"LENDEROWNED":"No","LISTDATE":"2025-10-14T05:00:00","LISTPRICE":800000.0,"LIVINGAREA":6542.0,"LONGITUDE":-93.284553,"MODIFICATIONTIMESTAMP":"2025-10-15T14:46:05.003","NEIGHBORHOOD":"Whittier","OFFICE_OFFICENAME":"Marcus & Millichap","PHOTOCOUNT":23,"POSTALCODE":"55405","POTENTIALSHORTSALE":"No","PUBLICREMARKS":"We are pleased to present for sale Grand Avenue Apartments, a 10-unit apartment community located in the Whittier neighborhood of Minneapolis. \n\n2016 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. \n\nThe 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. \n\nLocated 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.","ROADBETWEENWATERFRONTANDHOMEYN":false,"SALEINCLUDES":"Building,Fixture/Equipment,Land,Leases,Rental License","SCHOOLDISTRICTNUMBER":"1-Minneapolis","SCHOOLDISTRICTPHONE":"612-668-0000","SEWER":"City Sewer/Connected","STATEORPROVINCE":"MN","STATUS":"Active","STATUSDATE":"2025-10-15T14:46:05.003","LASTSTATUS":"Active","STREETDIRSUFFIX":"S","STREETNAME":"Grand","STREETNUMBER":"2016","STREETSUFFIX":"Avenue","STYLE":"Apartment","TRANSACTIONTYPE":"For Sale","WATER":"City Water/Connected","WATERFRONTPRESENT":false,"YEARBUILT":1967,"ZONING":"Residential-Multi-Family","HASOPENHOUSE":false,"PHOTOTIMESTAMP":"2025-10-15T14:46:05.003","PHOTOREMARKS":"[{\"Order\":1,\"Remarks\":\"2016 Grand Ave S-MLS-17.jpg\"},{\"Order\":2,\"Remarks\":\"2016 Grand Ave S-MLS-16.jpg\"},{\"Order\":3,\"Remarks\":\"2016 Grand Ave S-MLS-18.jpg\"},{\"Order\":4,\"Remarks\":\"2016 Grand Ave S-MLS-19.jpg\"},{\"Order\":5,\"Remarks\":\"2016 Grand Ave S-MLS-1.jpg\"},{\"Order\":6,\"Remarks\":\"2016 Grand Ave S-MLS-2.jpg\"},{\"Order\":7,\"Remarks\":\"2016 Grand Ave S-MLS-3.jpg\"},{\"Order\":8,\"Remarks\":\"2016 Grand Ave S-MLS-4.jpg\"},{\"Order\":9,\"Remarks\":\"2016 Grand Ave S-MLS-5.jpg\"},{\"Order\":10,\"Remarks\":\"2016 Grand Ave S-MLS-6.jpg\"},{\"Order\":11,\"Remarks\":\"2016 Grand Ave S-MLS-7.jpg\"},{\"Order\":12,\"Remarks\":\"2016 Grand Ave S-MLS-8.jpg\"},{\"Order\":13,\"Remarks\":\"2016 Grand Ave S-MLS-9.jpg\"},{\"Order\":14,\"Remarks\":\"2016 Grand Ave S-MLS-10.jpg\"},{\"Order\":15,\"Remarks\":\"2016 Grand Ave S-MLS-11.jpg\"},{\"Order\":16,\"Remarks\":\"2016 Grand Ave S-MLS-12.jpg\"},{\"Order\":17,\"Remarks\":\"2016 Grand Ave S-MLS-13.jpg\"},{\"Order\":18,\"Remarks\":\"2016 Grand Ave S-MLS-14.jpg\"},{\"Order\":19,\"Remarks\":\"2016 Grand Ave S-MLS-15.jpg\"},{\"Order\":20,\"Remarks\":\"2016 Grand Ave S-MLS-20.jpg\"},{\"Order\":21,\"Remarks\":\"2016 Grand Ave S-MLS-21.jpg\"},{\"Order\":22,\"Remarks\":\"2016 Grand Ave S-MLS-22.jpg\"},{\"Order\":23,\"Remarks\":\"2016 Grand Ave S-MLS-23.jpg\"}]","PHOTOORDER":"1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20,21,22,23","SOURCE":"MG_NST"}
{"ListingKey":"NST7816018","LotSizeArea":"0.18","NST_AgeOfProperty":"58","NST_AgentOwner":"Yes","InternetAutomatedValuationDisplayYN":"True","InternetConsumerCommentYN":"True","NST_AssessmentPending":"Unknown","BasementYN":"True","PropertySubType":"Apartment","City":"Minneapolis","PropertyType":"Commercial Sale","Contingency":"None","Cooling":"Window Unit(s)","CountyOrParish":"Hennepin","CurrentUse":"Residential","Directions":"Near the intersection of Grand Ave and Franklin","InternetAddressDisplayYN":"True","InternetEntireListingDisplayYN":"True","NST_Expenses":"57421.0000","ConstructionMaterials":"Stucco","NST_ForeclosureStatus":"No","FoundationArea":"2164","NST_FractionalOwnershipYN":"No","NST_Fuel":"Natural Gas","ParkingFeatures":"Parking Lot","GrossIncome":"109908","AccessibilityFeatures":"Other","Heating":"Boiler","OriginalEntryTimestamp":"2025-10-15T14:44:23Z","LandLeaseYN":"False","NST_LastUpdateDate":"2025-10-15","Latitude":"44.962077","NST_LenderOwned":"No","ListAgentKey":"NST520613","ListAgentMlsId":"NSTSPAR030330","ListingContractDate":"2025-10-14T05:00:00Z","ListOfficeKey":"NST1001844","ListOfficeName":"Marcus & Millichap","ListOfficeMlsId":"NST253100","ListPrice":"800000","Longitude":"-93.284553","LotSizeDimensions":"Rectangle","LotSizeUnits":"Acres","ListingId":"NST6804590","SourceSystemName":"RMLS","MapCoordinateSource":"King's Street Atlas","AdditionalParcelsYN":"False","NST_NeighborhoodNumber":"Whittier","NetOperatingIncome":"52487","NST_OfficeBoard":"SPAAR","NST_OwnerOccupied":"No","ParcelNumber":"3402924220009","GarageSpaces":"0","NST_ParkingOpen":"12","PhotosCount":"23","PostalCity":"Minneapolis","PostalCode":"55405","NST_PotentialShortSale":"No","PublicRemarks":"We are pleased to present for sale Grand Avenue Apartments, a 10-unit apartment community located in the Whittier neighborhood of Minneapolis. \n\n2016 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. \n\nThe 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. \n\nLocated 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.","PublicSurveyRange":"24","PublicSurveySection":"34","PublicSurveyTownship":"29","NST_RentalLicenseType":"Standard","NST_RentalLicenseYN":"Yes","Inclusions":"Building,Fixture/Equipment,Land,Leases,Rental License","HighSchoolDistrict":"Minneapolis","NST_SchoolDistrictNumber":"1","NST_SchoolDistrictPhone":"612-668-0000","Sewer":"City Sewer/Connected","BuildingAreaTotal":"6542","StateOrProvince":"MN","StandardStatus":"Active","StreetDirSuffix":"S","StreetName":"Grand","StreetNumber":"2016","StreetNumberNumeric":"2016","StreetSuffix":"Avenue","SubdivisionName":"Badger & Penneys Add","NST_TaxWithAssessments":"17990.0000","TaxYear":"2025","TaxAnnualAmount":"17544","NumberOfUnitsTotal":"10","Utilities":"Electric Separate,Heating Common,Hot Water Common","WaterSource":"City 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