4738 Grand Avenue S Minneapolis, MN 55419

$8,395,000 N/A N/A
Price Bedrooms Bathrooms
Price has not changed since being added to site on 7/27/2022
Status: Active

MLS #: 6238393

Condo Sq. Feet: N/A
On Site: 61 Days Lot Size: 0.25 Acres
Neighborhood: See All Properties for Sale in Tangletown
DESCRIPTION
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This listing is for the purchase of a 'To-Be-Built' 23-unit luxury apartment building in the Tangletown neighborhood in Southwest Minneapolis. The entitlements have been approved and the building permit has been applied for. Pre-cast concrete is ordered and subcontractors are lined up! The construction is set to start upon building permit approval. Estimated start is late August / early September and completion is fall of 2023.

Option to purchase this four-story luxury building now for a turn-key apartment upon completion or partner with developer / builder now at the start. Please contact for more information on partnership / joint venture. Stated NOI assumes no vacancy.

***Open for outright entitled land sale for $1,895,000 that includes all project approvals, land, A&E, MEP, etc. and all docs with a permit ready. Willing to build at cost with a construction management fee in an 'open-book' full transparency model with amicable buyer or partner terms.
FEATURES / AMENITIES
Appliances: Dishwasher, Disposal, Dryer, Electric Water Heater, Exhaust Fan, Freezer, Microwave, Range, Refrigerator, Washer
Amenities: Balcony, Cable, Ceiling Fan(s), City View, Deck, Hardwood Floors, Kitchen Center Island, Kitchen Window, Other, Patio, Porch, Security System, Tile Floors, Vaulted Ceiling(s), Washer/Dryer Hookup, Walk-In Closet
Accessibility Features: Doors 36"+, Accessible Elevator Installed, Grab Bars In Bathroom, Hallways 42"+, Wheelchair Ramp(s)
Garage Dimensions: 60 x 74(4027 sq.ft.)
Garage Door: 18 ft. wide X 8 ft. tall
Cooling: Central Air
Heating: Forced Air
Fuel: Electric, Natural Gas, Solar
PROPERTY FEATURES
Lot Size: 0.25 Acres
Lot Dimensions: 82 x 130
Lot Features: Sod Included in Price, Underground Utilities
Garage Spaces: 10
Parking Features: Assigned, Attached Garage, Contract Pkg Required, Concrete, Shared Driveway, Electric Vehicle Charging Station(s), Garage Door Opener, Heated Garage, Insulated Garage, Secured, Shared Garage/Stall, Storage, Underground
Utilities: Electric Common, Electric Separate, Heating Common, Heating Separate
Sewer: City Sewer/Connected, City Sewer - In Street, Private Sewer
Water: City Water/Connected, City Water - In Street, Private
Road Frontage: City Street, Curbs, Paved Streets, Sidewalks
Zoning: Residential-Multi-Family
Directions: Lyndale avenue s. east to Grand ave s. north of 48th and Grand intersection
COMMUNITY, TAX AND RELATED INFO
School District: Minneapolis
County: Hennepin
Sale Includes: Building, Land, Leases
Tax Year: 2022
Tax Annual Amount: $15, 074
Gross Income: $597, 816
Net Income: $394, 200
Association Amenities: Concrete Floors & Walls, Elevator(s), Fire Sprinkler System, In-Ground Sprinkler System, Security
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Listing Information Last Updated 9/25/2022
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Property Summary

4738 Grand Avenue S
Minneapolis, MN 55419

MLS®: 6238393

List Price: $8,395,000

Description:

MLS # 6238393: This property at 4738 Grand Avenue S, Minneapolis, MN 55419 is located in the Tangletown subdivision and is listed for $8,395,000. MLS # 6238393 has been on the market for 60 days.