2601 S Emerson Avenue
Minneapolis, MN 55408
MLS #4874244

Multi-Family
  • 3units
  • 8beds
  • 0.16acres
  • 4,600sq ft
$629,900
Est. P&I payment: $2405.79/mo
2601 S Emerson Avenue, Minneapolis, MN 55408
  • 2601 S Emerson Avenue, Minneapolis, MN 55408 Photo 1
  • 2601 S Emerson Avenue, Minneapolis, MN 55408 Photo 2
  • 2601 S Emerson Avenue, Minneapolis, MN 55408 Photo 3
  • 2601 S Emerson Avenue, Minneapolis, MN 55408 Photo 4
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Description for 2601 S Emerson Avenue, Minneapolis, MN 55408
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.
MLS #4874244
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My Notes for MLS #4874244

General Features

  • Propery Type: MF
  • Total Number of Units: 3
  • Year Built: 1904
  • Acres: 0.16
  • Foreclosure Status: No
  • Lender Owned: No
  • Lot Description: Corner Lot,​City Bus (w/in 6 blks)
  • Lot Dimensions: 55x128
  • Status: Active
  • Style: (MF) Apartments/Multifamily

Exterior Features

  • Exterior: Metal,​Vinyl
  • Road Frontage: City,​Sidewalks
  • Parking Characteristics: Detached Garage,​Garage Door Opener
  • Garage Stalls: 2
  • Roof: Asphalt Shingles,​Pitched,​Age Over 8 Years

Interior Features

  • Total Finished Square Footage: 4,600
  • Handicap Accessible: None
  • Basement: Full
  • Above Ground Finished SqFt: 4,600
  • Unit 1 Amenities: Natural Woodwork,​Hardwood Floors,​Tile Floors
  • Unit 1 B1 Level: Main (Ground)
  • Unit 1 B2 Level: Upper
  • Unit 1 B3 Level: Upper
  • Unit 1 B4 Level: Third
  • Unit 1 3QTR Bath: 1
  • Unit 1 Bath Characteristics: Main Floor 1/2 Bath,​,​3/4 Master,​Private Master
  • Unit 1 Bath Full: 1
  • Unit 1 Half Bath: 1
  • Unit 1 Total Baths: 3
  • Unit 1 Bedrooms: 4
  • Unit 1 Dining Room: Separate/Formal Dining Rm
  • Unit 1 Dining Room Level: Main (Ground)
  • Unit 1 Kitchen Level: Main (Ground)
  • Unit 1 Living Room Level: Main (Ground)
  • Unit 1 Number of Units: 1
  • Unit 1 Total Rooms: 7
  • Unit 1 Finished Square Footage: 2,200
  • Unit 2 Amenities: Deck,​Natural Woodwork,​Hardwood Floors,​Tile Floors
  • Unit 2 Bedroom 1 Dimensions: 13x11
  • Unit 2 Bedrrom 1 Level: Upper
  • Unit 2 Bedroom 2 Level: 19x12
  • Unit 2 Bedrrom 2 Level: Third
  • Unit 2 Bedroom 3 Dimensions: 18x16
  • Unit 2 Bedroom 3 Level: Third
  • Unit 2 three Quarter Bath: 1
  • Unit 2 Total Baths: 1
  • Unit 2 Number of Bedrooms: 3
  • Unit 2 Dining Room: Separate/Formal Dining Rm
  • Unit 2 Dimensions: 12x9
  • Unit 2 Dining Room Level: Upper
  • 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 Units: 1
  • Unit 2 Total Rooms: 5
  • Unit 2 Finished Square Footage: 1,550
  • Unit 3 Amenities: Porch,​Natural Woodwork,​Hardwood Floors,​Tile Floors
  • Unit 3 Bedroom 1 Dimensions: 13x12
  • Unit 3 Bedroom 1 Level: Main (Ground)
  • Unit 3 Bath Characteristics: Main Floor Full Bath
  • Unit 3 Full Baths: 1
  • Unit 3 Total Baths: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Dining Room: Eat In Kitchen
  • 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 Rooms: 3
  • Unit 3 Finished Square Footage: 850

Utilities Features

  • Water: City Water/Connected,​City Water - In Street
  • Fuel: Natural Gas
  • Heating: Hot Water
  • Unit 1 Appliances: Range,​Refrigerator,​Washer,​Dryer
  • Unit 1 Air: Window
  • Unit 2 Appliances: Range,​Refrigerator,​Washer,​Dryer
  • Unit 2 Air: Window
  • Unit 3 Appliances: Range,​Refrigerator,​Washer,​Dryer
  • Unit 3 Air: Window
  • Number of Ranges: Three
  • Number of Refrigerators: Three
  • Sewer: City Sewer/Connected,​City Sewer - In Street

Financial Features

  • Annual rent: 25,200
  • Annual Gross Income: 55,800
  • Annual Trash Expense: 750
  • Annual Water/Sewer Expense: 750
  • Unit 1 Monthly Rent: 2,100
  • Unit 2 Annual Rent: 19,200
  • Unit 2 Monthly Rent: 1,600
  • Unit 3 Monthly Rent: 950
  • Tax Amount: 9,288
  • Tax With Assessments: 9,288
  • Tax Year: 2017
  • Tenant Expenses: Electric,​Fuel,​Cable T.V.

Community Features

  • Municipality: Minneapolis
  • County: Hennepin
  • Neighborhood: Lowry Hill East
  • Postal City: Minneapolis (MN)

School Features

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Misc Features

  • Amenities - Shared: Deck
  • Construction Status: Previously Owned
  • Foundation Size: 1,512
  • Has Supplements: 1
  • Homestead: No
  • Potential Short Sale: No
  • Zoning: Residential-Multi-Family

Location

 
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Directions to 2601 S Emerson Avenue, Minneapolis, MN 55408
26th St (one-way) to Emerson, south to home.
The listing information for 2601 S Emerson Avenue, Minneapolis, MN 55408 was graciously provided by our friends at the listing brokerage, Edina Realty, Inc.

Get Financing for 2601 S Emerson Avenue, Minneapolis, MN 55408

(Jane Johanns) Market Place Home Mortgage
Jane Johanns
13700 Reimer Drive N Ste 100
Maple Grove, MN 55311
(763) 432-4656 Office
(612) 868-9339 Mobile
(763) 201-9088 Fax
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P&I Payment $2405.79
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Last Updated 09/23/2017 at 11:18am
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