20 Grand Ave

Kensington, MN 56343

$685,000
Price
—
Beds
—
Baths
7,032 Sq. Ft.
$97 / Sq. Ft.
7,032
Sq. Ft.
$97
per Sq. Ft.

Description

Discover the Runestone Grand Apartments, a prime investment opportunity featuring a fully-rented 8-unit apartment building in Kensington, MN. This property comprises seven spacious 2-bedroom, 1-bath units (approx. 875 sq ft each) and one cozy 1-bedroom, 1-bath unit (approx. 550 sq ft). Most units have undergone extensive renovations, showcasing modern appliances, updated flooring, fresh paint, updated plumbing, and lighting. Tenants cover their own electricity and optional internet/cable, while the...Discover the Runestone Grand Apartments, a prime investment opportunity featuring a fully-rented 8-unit apartment building in Kensington, MN. This property comprises seven spacious 2-bedroom, 1-bath units (approx. 875 sq ft each) and one cozy 1-bedroom, 1-bath unit (approx. 550 sq ft). Most units have undergone extensive renovations, showcasing modern appliances, updated flooring, fresh paint, updated plumbing, and lighting. Tenants cover their own electricity and optional internet/cable, while the owner is responsible for water, sewer, trash, and snow removal. Fiber-optic internet is available to each unit. Efficient heating and cooling systems. Low-maintenance steel siding. Each unit features wall-mounted air conditioning and electric baseboard heating (metered separately to each unit). A shared coin-operated laundry facility and off-street parking are available to tenants. Currently generating a gross monthly income of $6,160. With a list price of $685,000, the projected cap rate for Runestone Grand is over 8%. This investment offers consistent cash flow in a desirable rental market. Don’t miss your chance to own a well-maintained apartment complex in West Central MN!
  1. Listed by Counselor Realty Inc of Alex

Property Details for 20 Grand Avenue

Subdivision Name
Original Kensington
Zoning Jurisdiction
Residential-Multi-Family
LISTING UPDATED: 03/25/2025 09:06 PM

Property Details for 20 Grand Avenue

StatusActive
MLS #6689872
Days on Compass7
Taxes$4,057 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeApartment
MLS TypeCommercial Sale / Apartment
Year Built1984
Lot Size0.35 AC / 15,246 SF
CountyDouglas County

Building Information for 20 Grand Avenue

Stories-Residences8Year Built1984Lot Size0.35 AC / 15,246 SF

Property Information for 20 Grand Avenue

Summary
Location and General Information
  • City Name: Kensington
  • County Or Parish: Douglas
  • County: Douglas-MN
  • Directions: East on State Street, South on Grand Av to property on the left.
  • Latitude: 45.7792454477
  • Longitude: -95.6931613056
  • Map Coordinate: 999-A1
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Kensington
  • City and Location Text: Kensington(MN)
  • Postal Code: 56343
  • State Or Province: MN
  • Public Survey Township: 127
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 810024000
  • Tax Annual Amount: $4,057.00
  • Tax Legal Description: SEC-27 TWP-127 RANG-40 ORIGINAL KENSINGTON LOTS 3 & 4 BLK 1; & W 12' VACATED ALLEY ABUTTING.
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2025
  • Tax With Assessments: 5090.0000
School Information
  • High School District: 2342 - West Central Area
  • School District Number: 2342
  • School District Phone: 320-528-2650
Property
Lot Information
  • Current Use: Residential
  • Lot Size Area: 0.35
  • Lot Size Dimensions: 100, 142, 100, 142
  • Lot Size Units: Acres
  • Property Sub Type: Apartment
  • Property Type: Commercial Sale
  • Building Area Total: 7032.0
Property and Assessments
  • Age Of Property: 41
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Common, Electric Separate, Heating Separate, Hot Water Common
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Association Amenities: Coin-op Laundry Owned
  • Foundation Area: 3500.0
  • Fuel: Electric
  • Road Frontage Type: City Street, Paved Streets
  • Road Responsibility: Public Maintained Road
  • Roof: Asphalt
Interior Features
  • Basement Type: Slab
  • Cooling: Wall Unit(s)
  • Heating: Baseboard
  • Levels: Two
  • Number of Refrigerator: One Per Unit
  • Basement YN: No
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit SqFt: 0
  • Unit Type Actual Rent: $650.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 101
Unit 2
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Type Actual Rent: $695.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 102
Unit 3
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Type Actual Rent: $675.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 103
Unit 4
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Type Actual Rent: $795.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 104
Unit 5
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 201
Unit 6
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 202
Unit 7
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 203
Unit 8
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Type Actual Rent: $795.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 204

Property History for 20 Grand Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 20 Grand Avenue

Taxable ValueLand$9,700Additions$169,600Total$179,300
Tax Record2023$4,260 ($355 / month)
Home Facts
StyleMulti-Family Res (5+ Units)CountyDOUGLASAPN81-0024-000

Schools near 20 Grand Avenue

This home is within West Central Area School District.
Rating
School
Type
Grades
Distance
West Central Area S. Elementary School
Public - PK to 4
WCA Middle School
Public - 5 to 8
West Central Area Sec.
Public - 9 to 12
West Central Area Alp
Public - 5 to 12
Rating
School
Distance
West Central Area S. Elementary School
PublicPK to 4

WCA Middle School
Public5 to 8

West Central Area Sec.
Public9 to 12

West Central Area Alp
Public5 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 20 Grand Avenue, Kensington, MN 56343

20 Grand Avenue is for sale in Kensington, MN 56343. This property was listed for sale on March 24, 2025 by Counselor Realty Inc of Alex, it's currently listed at $685,000. It has been on the market for a total of 7 days and was last sold on June 17, 2021. This listing's school district is West Central Area School District. Nearby schools include West Central Area S. Elementary School, WCA Middle School and West Central Area Sec.. 20 Grand Avenue is a 0-bed, 0-bath, 7,032 sqft built in 1984.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Counselor Realty Inc of Alex

Properties displayed may be listed or sold by various participants in the MLS. Based on information submitted to the MLS GRID as of 03/31/2025 01:08 PM. All data is obtained from various sources and may not have been verified by broker orMLS GRID. Supplied Open House Information is subject to change without notice. All informationshould be independently reviewed and verified for accuracy. Properties may or may not be listed bythe office/agent presenting the information.