226 Gramercy Ave Minneapolis, MN 55405
Harrison NeighborhoodEstimated payment $2,914/month
Highlights
- Front Porch
- Forced Air Heating System
- 4-minute walk to Harrison Park
About This Home
Solid Minneapolis triplex with a strong rental history and consistent cash flow. Features one spacious 3BR unit plus
two efficient studios. Roof under 10 years, updated bathrooms, forced-air heat, and separate gas/electric utilities.
Classic hardwood floors, inviting front porches, 2-car garage plus one additional off-street parking. Desirable location
just minutes to downtown, Bryn Mawr Park, Wirth Park, Utepils Taproom, the Farmers Market, and Metro transit.
Well-maintained with steady rental demand-ideal for investors seeking a turnkey portfolio addition with long-term
upside. Seller will offer 1% point towards a buyer's interest rate buy-down with an acceptable offer.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $6,840
Year Built
- Built in 1912
Parking
- 2 Car Garage
Home Design
- Triplex
Interior Spaces
- 2,736 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Unfinished Basement
- Basement Fills Entire Space Under The House
- Natural lighting in basement
Additional Features
- Front Porch
- Lot Dimensions are 45x145
- Forced Air Heating System
Community Details
- 3 Units
Listing and Financial Details
- The owner pays for insurance, grounds care, sewer, snow removal, taxes, trash collection
- Assessor Parcel Number 2102924340168
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2023 | $5,455 | $341,000 | $85,000 | $256,000 |
| 2022 | $4,485 | $325,000 | $78,000 | $247,000 |
| 2021 | $3,840 | $264,000 | $49,000 | $215,000 |
| 2020 | $4,154 | $235,000 | $24,300 | $210,700 |
| 2019 | $3,875 | $235,000 | $16,200 | $218,800 |
| 2018 | $3,769 | $213,500 | $16,200 | $197,300 |
| 2017 | $3,683 | $196,500 | $14,700 | $181,800 |
| 2016 | $3,335 | $172,500 | $14,700 | $157,800 |
| 2015 | $3,886 | $191,500 | $14,700 | $176,800 |
| 2014 | -- | $166,500 | $14,700 | $151,800 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 09/02/2025 09/02/25 | For Sale | $440,000 | -- | $161 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Land Contract | -- | None Available | |
| Deed | $190,000 | None Available | |
| Interfamily Deed Transfer | -- | None Available | |
| Warranty Deed | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $0 | Land Contract Argmt. Of Sale |
Source: NorthstarMLS
MLS Number: 6781697
APN: 21-029-24-34-0168
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