Property for Sale in Minneapolis
2204 Emerson N Avenue
Minneapolis, MN 55411
Property Details
Year Built
1926
Square Feet
4,773
Parking Features
Detached Garage
Acres
0.14
Zoning
Residential-Multi-Family
2026 Property Taxes
$7,426
School District
Minneapolis
County
Hennepin
Renovated five-unit apartment building featuring all two-bedroom, one-bath units. Taken down to the studs in 2023 with $386,042 in documented improvements, including a new 30-year roof, PEX plumbing, new gas lines to each unit, six-zone boiler, updated electrical, new windows, granite countertops, new cabinetry, stainless steel appliances, and LVP flooring. Security features include hardwired smoke and CO detectors, digital keypad entry, an alarmed steel rear door, and security cameras. Gas and electric are separately metered and tenant-paid; water, sewer, and trash are recovered through RUBS. Four garage stalls and on-site laundry. Minneapolis Tier 1 rental license. **Investors:** Projected pro forma NOI of $55,600, reflecting an 8.0% cap rate. **Owner-users:** Former group home use, well-suited for a housing program operator. Metro Transit Route 5 at the corner and METRO D Line two blocks south. Full offering memorandum available.
Hwy 94 to West on Broadway to right on Emerson to Building on the right.
Features
Utilities
Electric Separate,Heating Separate
Heating
Boiler
Sewer
City Sewer/Connected
Water
Public
Lot Size
43x140
Foundation
Block
Additional Info
Includes
Range,Refrigerator,Stainless Steel Appliances
Listed By
Joe Allen of Pemberton RE
Listed
10/16/26 and last updated 10/21/26
Based on information submitted to the MLS GRID or Trestle as of DATE and TIME. All data is obtained from various sources and may not have been verified by the broker, MLS GRID, or Trestle. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. IDX information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
