3116 Emerson Avenue North

Minneapolis, MN 55411

$440,000
Price
—
Beds
7,167 Sq. Ft.
$61 / Sq. Ft.
7,167
Sq. Ft.
$61
per Sq. Ft.

Description

Commercial property with 6 units total. Great cash-flowing asset for an investor to add to their portfolio. Four residential units and two commercial spaces. Long term commercial and residential tenants. Partially finished basement currently being used for office and storage space for commercial tenants. Lot with plenty of parking behind the building. Current cash flow is $60,000 per year if rents brought up to market value could yield around $80,000.Commercial property with 6 units total. Great cash-flowing asset for an investor to add to their portfolio. Four residential units and two commercial spaces. Long term commercial and residential tenants. Partially finished basement currently being used for office and storage space for commercial tenants. Lot with plenty of parking behind the building. Current cash flow is $60,000 per year if rents brought up to market value could yield around $80,000.
  1. Listed by Coldwell Banker Realty • James Faillettaz

Property Details for 3116 Emerson Avenue North

Neighborhood
Hawthorne
Subdivision Name
Silver Lake Add
Zoning Jurisdiction
Business/Commercial
LISTING UPDATED: 08/02/2024 03:27 PM

Property Details for 3116 Emerson Avenue North

StatusActive
MLS #6547394
Days on Compass128
Taxes$5,246 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial Sale / Mixed Use
Year Built1907
Lot Size0.15 AC / 6,534 SF
CountyHennepin County

Building Information for 3116 Emerson Avenue North

Stories-Residences6Year Built1907Lot Size0.15 AC / 6,534 SF

Property Information for 3116 Emerson Avenue North

Summary
Location and General Information
  • City Name: Minneapolis
  • County Or Parish: Hennepin
  • County: Hennepin-MN
  • Directions: On the corner of Lowery and Emerson
  • Latitude: 45.012825
  • Longitude: -93.293968
  • Map Coordinate: 92-C4
  • Map Coordinate Source: King's Street Atlas
  • City and Location: Minneapolis
  • City and Location Text: Minneapolis(MN)
  • Postal Code: 55411
  • State Or Province: MN
  • Public Survey Township: 29
Taxes and HOA Information
  • Additional Parcels: No
  • Parcel Number: 0902924420025
  • Tax Annual Amount: $5,246.00
  • Tax Legal Description: BLOCK 009 SILVER LAKE ADDN TO MPLS N 6 2/3 FT OF LOT 24 AND ALL OF 25
  • Tax Other Annual Assessment Amount: $.00
  • Tax Year: 2023
  • Tax With Assessments: 5246.0000
School Information
  • High School District: 1 - Minneapolis
  • School District Number: 1
  • School District Phone: 612-668-0000
Property
Lot Information
  • Current Use: Beauty/Barber Shop, Church, Residential
  • Lot Size Area: 0.15
  • Lot Size Dimensions: 52x127
  • Lot Size Units: Acres
  • Property Sub Type: Mixed Use
  • Property Type: Commercial Sale
  • Building Area Total: 7167.0
Property and Assessments
  • Age Of Property: 117
Utilities
  • Sewer: City Sewer/Connected
  • Utilities: Electric Separate
  • Water Source: City Water/Connected
Interior and Exterior Features
Exterior Features
  • Accessibility Features: None
  • Foundation Area: 2553.0
  • Fuel: Natural Gas
Interior Features
  • Heating: Hot Water
  • Basement YN: No
Multi Family
Unit 1
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Type Actual Rent: $820.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 2
Unit 2
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 3
  • Unit Type Actual Rent: $975.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 3
Unit 3
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Type Actual Rent: $950.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 1
  • Unit Level: SECND
  • Unit Number: 4
Unit 4
  • Unit Rooms Total: 2
  • Unit Type Actual Rent: $850.00
  • Unit Type Baths Total: 0
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 1
Unit 5
  • Unit Rooms Total: 2
  • Unit Type Actual Rent: $1,700.00
  • Unit Type Baths Total: 0
  • Unit Is Leased: 1
  • Unit Level: MAIN
  • Unit Number: 5
Unit 6
  • Unit Bath 3Qtr: 0
  • Unit Bath Full: 1
  • Unit Bath Half: 0
  • Unit Bath Qtr: 0
  • Unit Rooms Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Unit Is Leased: 0
  • Unit Level: SECND
  • Unit Number: 6

Property History for 3116 Emerson Avenue North

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 3116 Emerson Avenue North

Taxable ValueLand$27,600Additions$187,000Total$214,600
Tax Record2023$6,180 ($515 / month)
Home Facts
Total Finished SqFt4,962 SqFtAbove Grade Finished SqFt4,962 SqFtStories2Lot Size6,534 SqFtStyleMulti-Family Res (5+ Units)Year Built1907ZoningC1CountyHENNEPINAPN09-029-24-42-0025

Schools near 3116 Emerson Avenue North

This home is within Minneapolis Public School Dist..
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Nellie Stone Johnson Elementary School
PublicPK to 5

Anwatin Middle Com & Spanish D I
Public6 to 8

North Academy Senior High
Public9 to 12

MPS Online 6-12
Public6 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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3116 Emerson Avenue North is a mixed use property for sale in Minneapolis, MN 55411. This property was listed for sale on June 11, 2024 by Coldwell Banker Realty, it's currently listed at $440,000. It has been on the market for a total of 128 days and was last sold on June 28, 2019. This listing's school district is Minneapolis Public School Dist.. Nearby schools include Nellie Stone Johnson Elementary School, Anwatin Middle Com & Spanish D I and North Academy Senior High. 3116 Emerson Avenue North is a 0-bed, 0-bath, 7,167 sqft mixed use property built in 1907.

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 Coldwell Banker Realty

Based on information from one of the following Multiple Listing Services: Minneapolis Northstar, REALTORS Association of Northeast Wisconsin and Lake Superior Area REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Minneapolis Northstar and REALTORS Association of Northeast Wisconsin is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. Data last updated on 08/02/2024 03:27 PM