6-Unit Mixed-Use
For Sale
$410,900
3116 Emerson Avenue N, Minneapolis, MN 55411
Commercial Sale, Minneapolis, MN
Property SizeContact for details
Lot Size0.15 Acres
Days on Market51
Property Features for 3116 Emerson Avenue N
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Business/Commercial, Residential-Multi-Family
Bedrooms
3
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 3, Bathroom 2, Bedroom 1, Bathroom 3, Bathroom 1, Bedroom 2
Parking features
Parking Lot
Subdivision
Silver Lake Add
High school district
Minneapolis
Directions
Lowry to Emerson Ave N
Standard status
Active
APN
0902924420025
Lot size
0.15 Acres
Site & Location
Corner Location
Yes
Mixed-Use Components
residential, commercial
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
7385
Utilities
Heating system
Oil
Building Details
Year built
1907
Listing Agency:
Keller Williams Premier Realty · Keller Williams Realty
Listed By:
William Schultz
(651) 379-5252
Added: Sep 13
Changed: Oct 23
Last Checked: Nov 2 at 10:06AM
MLS# 7143580
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 6-unit mixed-use property contains four residential apartments and two commercial spaces. All six units are occupied, and the property has a 9.75% cap rate. Built in 1907, the building sits on a 0.15-acre parcel and includes 10 off-street parking stalls.
The property is at the corner of Lowry Ave N and Emerson Ave N in Minneapolis. Its residential and commercial components provide six separate income streams within one asset.
The property is at the corner of Lowry Ave N and Emerson Ave N in Minneapolis. Its residential and commercial components provide six separate income streams within one asset.
Key Highlights
- Four residential apartments and two commercial spaces
- All six units are occupied
- 9.75% cap rate
Property Analytics
Who owns this building?
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Current Use
Lease Details
4
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four apartments and two commercial spaces are fully occupied, with off-street parking serving the property.
Where is this mixed-use property located?
The property is located at 3116 Emerson Avenue N Minneapolis, MN.
What is the asking price?
The asking price for this property is $410,900.
What are key features of this property?
This property features: Four residential apartments and two commercial spaces; All six units are occupied; 9.75% cap rate
