Minneapolis · Commercial sale
3036 Grand buys 2701 Grand Ave S in Minneapolis for $1.2 million
An apartment building at 2701 Grand Ave S, Minneapolis sold for $1,200,000 on September 29, 2026. See the seller and buyer net sheets for this sale.
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- Sale price
- $1,200,000
- Sold
- September 29, 2026
- Property type
- Apartment building
- Lot size
- 10,454 sq ft
- Year built
- 1931
The apartment building at 2701 Grand Ave S in Minneapolis sold for $1,200,000, 15% below its $1,420,000 market value on record, according to the Assessor's records.
The Certificate of Real Estate Value filed with the Minnesota Department of Revenue lists the sale date as September 29, 2026. It names Patria LLC as the seller and 3036 Grand, LLC as the buyer.
The Assessor's records list a 1931 build year and a 10,454-square-foot lot. The last sale on record was $1,455,000 in 2023.
This summary was written by AI from public sales records and checked by automated rules. The figures come from the record and the NetSheet.org rules engine. How we make these.
What were the closing costs in Hennepin County?
By our estimate, the seller's two largest charges, not counting prorations, were $4,080 for the state deed tax + Environmental Response Fund (Hennepin/Ramsey) and $3,075 for the owner's title insurance policy. Who pays what follows Hennepin County custom.
How much did the seller net?
By our estimate, the seller netted about $1,189,109. That is before any broker commissions and any loan payoff.
How much cash did the buyer bring to closing?
A cash buyer would need about $1,197,155 at closing. That covers the full price and closing costs.
Source: Minnesota Department of Revenue, Certificates of Real Estate Value, document 1927384. Property details: Hennepin County Assessor. Net sheets are estimates from the NetSheet.org rules engine, not the parties' actual closing statements. Request a correction or removal.
