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2701 Grand Ave South

2701 Grand Ave S Minneapolis / Minnesota

Property Details

Price:

Property Type Multifamily

Total Lot Size: .24

Year Built: 1931

Number of Units: 14

County: Hennepin

Description

Michel Commercial is pleased to present 2701 Grand Avenue South, a 14 home community located in South Minneapolis, Minnesota. Originally constructed in 1931, the property offers investors the opportunity to acquire a charming, characterrich multifamily asset with ample off-street parking and an exceptional location near some of Minneapolis’ most sought-after amenities. 2701 Grand Avenue South offers investors the opportunity to acquire a well-located multifamily property within one of Minneapolis’ most established rental markets. The property’s historic character, desirable neighborhood setting, and ample parking create lasting appeal for residents. Combined with the potential for thoughtful interior upgrades and revenue optimization strategies, the asset is well-positioned to capitalize on continued renter demand within the South Minneapolis market.

Location

2701 Grand Avenue South is ideally situated between the Whittier, Lyndale, and Uptown neighborhoods, placing residents within walking distance of numerous restaurants, coffee shops, entertainment venues, and neighborhood retail destinations. Nearby attractions include Eat Street, Lyndale Avenue, Uptown Minneapolis, and the Minneapolis Chain of Lakes. Residents benefit from convenient access to Downtown Minneapolis, major employment centers, and several public transit options. Interstate 35W, Interstate 94, and Highway 62 are all easily accessible, providing excellent connectivity throughout the Twin Cities region.

Highlights

Strong Occupancy
2701 Grand Avenue South is currently fully occupied, providing immediate and stable in-place income with no concessions. The property benefits from strong leasing demand driven by its desirable South Minneapolis location and proximity to neighborhood amenities. Consistent occupancy and a well-established renter base support long-term investment stability while offering opportunities for future revenue optimization.

Connectivity to Employment and Recreation
2701 Grand Avenue South provides residents with excellent access to major employment hubs throughout Minneapolis and the greater Twin Cities via Interstate 35W, Interstate 94, and nearby transit routes. The property is located just minutes from Downtown Minneapolis, Uptown, Eat Street, and Bde Maka Ska, offering convenient access to employment, dining, entertainment, and year-round recreational amenities.

Supply Constrained Submarket
The West Bank/Central Minneapolis submarket continues to benefit from strong renter demand driven by its proximity to major employment, education, healthcare, and entertainment destinations. New multifamily development is expected to remain measured relative to demand, while vacancy is forecast to remain stable over the coming years. This dynamic positions 2701 Grand Avenue South to benefit from continued occupancy strength and long-term rent growth within one of Minneapolis’ most desirable urban rental markets.

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2701 Grand Ave South