3116 Emerson AVE N, Minneapolis, MN 55411 – 6547394

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$440,000

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6,534 Sqft Lot

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3116 Emerson AVE N Minneapolis, MN 55411

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Team Steady

info@ts-re.com +1(952) 607-7436

UPDATED:

08/02/2024 08:27 PM

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Silver Lake Add

MLS Listing ID 6547394

Year Built 1907

Annual Tax Amount $5,246

Tax Year 2023

Contingent None

Lot Size 6,534 Sqft

Acres 0.15

Lot Dimensions 52x127

Property 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.

Location

State MN

County Hennepin

Zoning Business/Commercial

Interior

Heating Hot Water

Inclusions Building, Inventory, Land, Leases

Fireplace No

Exterior

Garage Open

Utilities Available Electric Separate

Present Use Beauty/Barber Shop,Church,Residential

Parking Type Open

Building

Foundation 2553

Sewer City Sewer/Connected

Water City Water/Connected

Structure Type Brick/Stone

Schools

School District Minneapolis

Listed by James Faillettaz • Coldwell Banker Realty

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Team Steady

+1(952) 607-7436

Team Steady

3116 Emerson AVE N Minneapolis, MN 55411

Team Steady

Key Details

Location

Interior

Exterior

Building

Schools

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3116 Emerson AVE N