3116 Emerson Avenue North
$440,000
—
7,167
7,167
$61
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.
- Listed by Coldwell Banker Realty • James Faillettaz
Property Details for 3116 Emerson Avenue North
Neighborhood
Hawthorne
Subdivision NameSilver Lake Add
Zoning JurisdictionBusiness/Commercial
LISTING UPDATED: 08/02/2024 03:27 PM
Property Details for 3116 Emerson Avenue North
Status | Active |
---|---|
MLS # | 6547394 |
Days on Compass | 128 |
Taxes | $5,246 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Commercial Sale / Mixed Use |
Year Built | 1907 |
Lot Size | 0.15 AC / 6,534 SF |
County | Hennepin County |
Building Information for 3116 Emerson Avenue North
Stories-Residences6Year Built1907Lot Size0.15 AC / 6,534 SF
Property Information for 3116 Emerson Avenue North
Property History for 3116 Emerson Avenue North
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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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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