226 Gramercy Avenue, Minneapolis, Minnesota 55405

MN, Minneapolis
$400,000
  • 4 Beds
  • 3 Bath
  • Residential Income Property Type
  • 1912 Year Built
  • Active Status
See All 27 Photos
Kyle Synowczynski
Kyle Synowczynski
  • (612) 688-6065
  • Kyle@StoneArchRealty.com
Property Description

Solid Minneapolis triplex offering a strong rental history, consistent cash flow, and excellent owner-occupant potential! Features one spacious 3BR unit currently leased month-to-month with 60-day notice, plus a 1 bedroom and a studio ready for new tenants. Major improvements include two new upper-unit furnaces in 2021, new roof in 2018, exterior repainting in 2023, and extensive insulation upgrades in 2023, including spray foam insulation in the walls and added attic insulation. Updated bathrooms, classic hardwood floors, and separate utilities with tenants paying their own gas and electric add to the appeal. Inviting front porches, a 2-car garage, and additional off-street parking. Conveniently located minutes from downtown Minneapolis, Bryn Mawr Park, Theodore Wirth Park, Utepils Brewing, the Minneapolis Farmers Market, and Metro Transit. A well-maintained property with steady rental demand—ideal for an investor or owner-occupant seeking rental income and long-term upside!

Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: 7128878
  • Price: $400,000
  • Year Built: 1912
  • Listing Status: Active
  • Office Name: Edina Realty, Inc.
  • Property Sub Type: Triplex
Features
  • Heating System Forced Air
  • Basement Full,Daylight/Lookout Windows,Unfinished,Owner Access
  • Parking Detached Garage,RV Access/Parking
  • Exterior Features Stucco,Wood
  • Laundry Features In Unit,Main Level
  • Sewer City Sewer/Connected
Address Map
  • Country US
  • State MN
  • County Hennepin
  • City Minneapolis
  • Zipcode 55405
  • Street: Gramercy
  • Street Number: 226
  • Street Suffix: Avenue
  • Longitude: W94° 41' 54.1''
  • Latitude: N44° 58' 46.8''
  • Directions: Glenwood Ave to Cedar Lk Rd. Go south 1 block to 2nd Ave N. Turn right onto Gramercy Ave N.
Neighborhood
  • High School District: Minneapolis
MLS Addon
  • Office Name: Edina Realty, Inc.
Additional Information
  • Water Source: City Water/Connected
  • Accessibility Features: None
  • Building Size: 4553
  • Foundation Details: Block,Poured Concrete,Stone,Combination
  • Garage: 2
  • Levels: Two
  • Lot Features: Public Transit (w/in 6 blks)
  • Lot Size Dimensions: 45x145
  • Number Of Units Total: 3
Financial
  • Tax Annual Amount: 7229
Listing Information
  • List Agent Mls Id: 502014870
  • List Office Mls Id: 5011
  • Modification Timestamp: 2026-09-14T19:59:07Z
  • Originating System Name: NorthStar
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