Address
2601 Emerson Avenue S Minneapolis, MN
Price
$ 629,900
Property Attributes
  • MLS#4874244
  • TypeMulti-Family
  • CountyHENNEPIN
  • CityMinneapolis
  • NeighborhoodLowry Hill East
  • Zip55408
  • Style(MF) Apartments/Multifamily
  • Year Built1904
  • Taxes9288
  • Price$ 629,900
  • Bedrooms8
  • Full Bathrooms5
  • Half Bathrooms3
  • Sqr Footage4600
  • Lot Size6,970 SqFt
Listing Provided Courtesy Of:
Edina Realty, Inc.
Property Description

Large wedge Tri-plex with lots of upside. Current rents of $4,650/month could easily be increased to $5,300/month. Separate utilities for gas and electric so owner only has water/sewer/trash bill. Fully rented, leases end March 2018, May 2018 and one is month to month. Great tenants. Newer windows throughout and siding. Updated baths and kitchens. Current owners have not pushed rents up in their ownership. Awesome potential and location cannot be beat for tenants, walk to everything.

Elementary School Middle School High School
Unknown Elementary School Unknown Middle School Unknown High School
Price History
9/11/2017 Listed $629,900

General Features

Amenities - Shared Deck
Annual Gross Income 55800.00
Construction Status Previously Owned
Contingency None
DPR Eligible No
Handicap Accessible None
Has Supplements 1
Homestead No
Listing Status Active
Municipality Minneapolis
Neighborhood Lowry Hill East
Property Type MF
School District 1 - Minneapolis
Style (MF) Apartments/Multifamily
Year Built 1904
Zoning Residential-Multi-Family

Interior Features

Above Ground Finished Sq 4600
Basement Full
Fuel Natural Gas
Garage Stalls 2
Heating Hot Water
Number Of Ranges Three
Number Of Refrigerators Three
Number Of Unit 1
Total Finished SqFt. 4600
Unit 1 3qtr Bath 1
Unit 1 Air Window
Unit 1 Amenities Natural Woodwork, Hardwood Floors, Tile Floors
Unit 1 Appliances Range, Refrigerator, Washer, Dryer
Unit 1 B1 Level Main (Ground)
Unit 1 B2 Level Upper
Unit 1 B3 Level Upper
Unit 1 B4 Level Third
Unit 1 Bath Characteristics Main Floor 1/2 Bath, 3/4 Master, Private Master
Unit 1 Bath Full 1
Unit 1 Dining Room Separate/Formal Dining Rm
Unit 1 Dining Room Level Main (Ground)
Unit 1 Finished Square Footage 2200
Unit 1 Half Bath 1
Unit 1 Kitchen Level Main (Ground)
Unit 1 Living Room Level Main (Ground)
Unit 1 Number Of Units 1
Unit 1 Total Baths 3
Unit 1 Total Rooms 7
Unit 2 Air Window
Unit 2 Amenities Deck, Natural Woodwork, Hardwood Floors, Tile Floors
Unit 2 Annual Rent 19200
Unit 2 Appliances Range, Refrigerator, Washer, Dryer
Unit 2 Bedroom 1 Dimensions 13x11
Unit 2 Bedroom 2 Level 19x12
Unit 2 Bedroom 3 Dimensions 18x16
Unit 2 Bedroom 3 Level Third
Unit 2 Bedrrom 1 Level Upper
Unit 2 Bedrrom 2 Level Third
Unit 2 Dimensions 12x9
Unit 2 Dining Room Separate/Formal Dining Rm
Unit 2 Dining Room Level Upper
Unit 2 Finished Square Footage 1550
Unit 2 Kitchen Dimensions 15x10
Unit 2 Kitchen Level Upper
Unit 2 Living Room Dimensions 19x12
Unit 2 Living Room Level Upper
Unit 2 Number Of Bedrooms 3
Unit 2 Number Of Units 1
Unit 2 Three Quarter Bath 1
Unit 2 Total Baths 1
Unit 2 Total Rooms 5
Unit 2 Unit Number 2
Unit 3 Air Window
Unit 3 Amenities Porch, Natural Woodwork, Hardwood Floors, Tile Floors
Unit 3 Appliances Range, Refrigerator, Washer, Dryer
Unit 3 Bath Characteristics Main Floor Full Bath
Unit 3 Bedroom 1 Dimensions 13x12
Unit 3 Bedroom 1 Level Main (Ground)
Unit 3 Dining Room Eat In Kitchen
Unit 3 Finished Square Footage 850
Unit 3 Kitchen Dimensions 16x12
Unit 3 Kitchen Level Main (Ground)
Unit 3 Living Room Dimensions 20x13
Unit 3 Living Room Level Main (Ground)
Unit 3 Number Of Units 1
Unit 3 Total Baths 1
Unit 3 Total Rooms 3
Unit 3 Unit Number 3

Exterior Features

Lender Owned No
Unit 1 Bedrooms 4
Unit 1 Monthly Rent 2100
Unit 2 Monthly Rent 1600
Unit 3 Bedrooms 1
Unit 3 Full Baths 1
Unit 3 Monthly Rent 950
Exterior Metal, Vinyl
Foundation Size 1512
Lot Description Corner Lot, City Bus (w/in 6 blks)
Road Frontage City, Sidewalks
Roof Asphalt Shingles, Pitched, Age Over 8 Years
Sewer City Sewer/Connected, City Sewer - In Street
Water City Water/Connected, City Water - In Street

Amenities

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

Property vs Zip Code Average in 55408

Price
AVG $480K
$630K
Taxes
AVG $6,434
$9,288
Visits
AVG 6
3
Year Built
AVG 1904
1904
Walkscore
AVG 90
92

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