Renovated Five-Unit Apartment
For Sale
$695,000
2204 Emerson Avenue N, Minneapolis, MN 55411
Updated building systems, separate utility meters, and controlled entry support the property’s residential configuration.
Property Size4,773 SF
Price / SF$145.61
Days on Market10
Property Features for 2204 Emerson Avenue N
General Information
Standard status
Active
Size
4,773 SF
Total Parking Spaces
4
Property subtype
Commercial
Zoning
Residential-Multi-Family
Site & Location
Neighborhood
East Isles
Public Transit
Yes
Units
Unit Mix
5 x 2BR/1BA
Multifamily Units
5
Individually Metered Utilities
gas, electricity
Taxes and HOA fees
Annual Taxes
$7,426
Amenities
on-site laundry
digital keypad entry
security cameras
Building Details
Building Size
4,773 SF
Year Built
1926
Year Renovated
2023
Buildings
1
Units
5
Listing Agency:
RE/MAX Results
(952) 884-8404
Listed By:
Joe Allen
(952) 297-6636
Source:
Homecrownrealty
Added: Oct 16
Changed: Oct 24
Last Checked: Oct 23 at 8:27PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Results
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Investment Insights
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This 4,773-square-foot apartment property contains five two-bedroom, one-bath units and four garage stalls. A 2023 renovation included a new 30-year roof, PEX plumbing, gas lines serving each unit, a six-zone boiler, electrical upgrades, replacement windows, granite counters, new cabinets, stainless steel appliances, and LVP flooring. Security features include hardwired smoke and CO detectors, keypad access, an alarmed steel rear door, and cameras. Laundry is available on site.
Gas and electric are separately metered and paid by tenants; water, sewer, and trash costs are recovered through RUBS. The property holds a Minneapolis Tier 1 rental license and was previously used as a group home. Metro Transit Route 5 stops at the corner, and the METRO D Line is two blocks south. Pro forma underwriting reflects an 8.0% cap rate.
Gas and electric are separately metered and paid by tenants; water, sewer, and trash costs are recovered through RUBS. The property holds a Minneapolis Tier 1 rental license and was previously used as a group home. Metro Transit Route 5 stops at the corner, and the METRO D Line is two blocks south. Pro forma underwriting reflects an 8.0% cap rate.
Key Highlights
- Five apartments, each with two bedrooms and one bath
- 4,773 square feet; four garage stalls
- 2023 renovation included a new 30‑year roof, PEX plumbing, updated electrical, new windows, and LVP flooring
Property Analytics
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Lease Details
5
Residential units
Location Intelligence
Trade Area within ½ mile
1,521
Businesses Nearby
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Business Placement
Demographics for 55411, MN
31,214
Population
10,967
Households
2.8
Avg Household Size
28
Median Age
23%
College-Educated
81%
High-School Grad
4.0 sq mi
ZIP Area
7,804
Density / Sq Mi
$53,368
Median Household Income
$35,952
Median Earnings
$1,220
Median Rent
$233,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - Updated building systems, separate utility meters, and controlled entry support the property’s residential configuration.
Where is this apartment building located?
The property is located at 2204 Emerson Avenue N Minneapolis, MN.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: Five apartments, each with two bedrooms and one bath; 4,773 square feet; four garage stalls; 2023 renovation included a new 30‑year roof, PEX plumbing, updated electrical, new windows, and LVP flooring
