Property for Sale in Minneapolis
2204 Emerson N Avenue
Minneapolis, MN 55411

Price
$695,000

MLS #
7161032

Status
Active


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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.


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

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