3116 Emerson Avenue N, Minneapolis, MN
$ 499,900
Property Attributes
  • ID#6392336
  • TypeCommercial
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaSilver Lake Add
  • NeighborhoodSilver Lake Add
  • Zip55411
  • StyleMixed Use
  • Year Built1907
  • Taxes$ 5246
  • Price$ 499,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage7167
  • Lot Size6,534 SqFt
Data Source:
Northstar MLS (NSTAR)
Property Description

Incredible opportunity to own fully leased 6-unit mixed use-commercial/apartmetn building with 8.5% cap. 10 available parking spaces at rear of building. Leases in place. Great ROI! Please contact agent to arrange showings of all units at one time.

Price History
7/10/2023 Listed $499,900

General Features

Accessibility None
Additional Parcels Y/N No
City Minneapolis
Construction Materials Brick/Stone
Contingency None
County Hennepin
Current Use Beauty/Barber Shop, Church, Office, Residential, Retail
Directions Corner of Lowry Avenue N & Emerson Ave
Fuel Expense 3237
Gross Income 69360
Heating Hot Water
High School District Minneapolis
Insurance Expense 5940
Lender Owned No
Net Operating Income 42559
Property SubType Mixed Use
Property Type Commercial Sale
Sewer City Sewer/Connected
Standard Status Active
Street Name Emerson
Subdivision Name Silver Lake Add
Tax Annual Amount 5246
Tax Year 2023
Tenant Pays Electricity
Total Units 6
Trash Expense 1740
Utilities Electric Separate, Heating Common
Water Sewer Expense 1680
Year Built 1907
Zoning Description Business/Commercial

Interior Features

Fuel Natural Gas
Street Suffix Avenue

Exterior Features

Foundation Area 2553
Inclusions Building, Inventory, Land, Leases
Lot Dimensions 52x127
Lot Size Area 0.15
Lot Size Units Acres
Parking Features Unassigned
Water Source City Water/Connected


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 55411

AVG $500K
AVG $41,330
AVG 82
Year Built
AVG 1936
AVG 68
Data Provided by Walkscore ® not using MLS data

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