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John Gellerman
REALTOR®, Realtor,CRS,GRI
(612) 990-6004

226 Gramercy Avenue , Minneapolis, MN 55405

New - 10 Hours Ago

21 Total Photos [Click to View All]

Listed By

Agency Name: Edina Realty, Inc.
Agency Phone: 952-927-1100

Shown By

Agent Name: John Gellerman
Agent Phone: (612) 990-6004
Agency Title: Counselor Realty

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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 two large vacant studios 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!

226 Gramercy Avenue | MLS# 7128878

This multi-family property located at 226 Gramercy Avenue , Minneapolis, MN 55405 is currently listed for sale with an asking price of $400,000. Gramercy Avenue is located within the Minneapolis school district. Search Minneapolis real estate on jgellerman.counselorrealty.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Daylight/Lookout Windows, Full, Owner Access, Unfinished
Basement: Yes
Garage: 2
Heating: Forced Air
Lot Size: 0.15 Acres
Taxes: $7,229
Year Built: 1912

Feature Descriptions

Foundation Size: 1368
Lot: Public Transit (w/in 6 blks)
Lot Dimensions: 45x145
Owners Expense: Insurance, Sewer, Taxes, Trash Collection, Water
Parcel#: 2102924340168
Parking: Detached Garage, RV Access/Parking
Sewer: City Sewer/Connected
Tenant Expenses: Cable TV, Electricity, Gas
Units: 3
Water: City Water/Connected

Local Schools

School District: Minneapolis

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Estimated Payment

$ 2,848.05 per month $2,128.97 Principal & Interest $602.42 Property Tax $116.67 Homeowner's Insurance

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Agency License Information: Counselor Realty, Inc. is licensed in Minnesota and Wisconsin; Counselor Realty, Inc. of Alexandria is licensed in Minnesota; Counselor Realty Detroit Lakes, LLC is licensed in Minnesota; Counselor Realty of Rochester is licensed in Minnesota; Counselor Realty of Victoria, LLC is licensed in Minnesota; Counselor Realty of Brainerd is licensed in Minnesota.

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/19/2026. The listing information on this page last changed on 08/19/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Wed 08/19/2026 12:00:01 AM EST) or RMLS-MN MLS (last updated Tue 08/18/2026 11:53:25 PM EST). Real estate listings held by brokerage firms other than Counselor Realty may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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