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$695,000

  • For Sale
  • Active
  • Commercial
  • 4,773 Sq. Ft.
  • 0.14 Acres
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Renovated five-unit apartment building featuring all two-bedroom, one-bath units. Taken down to the studs in 2023 with $386,042 in documented improvements, including a new 30-year roof, PEX plumbing, new gas lines to each unit, six-zone boiler, updated electrical, new windows, granite countertops, new cabinetry, stainless steel appliances, and LVP flooring. Security features include hardwired smoke and CO detectors, digital keypad entry, an alarmed steel rear door, and security cameras. Gas and electric are separately metered and tenant-paid; water, sewer, and trash are recovered through RUBS. Four garage stalls and on-site laundry. Minneapolis Tier 1 rental license. **Investors:** Projected pro forma NOI of $55,600, reflecting an 8.0% cap rate. **Owner-users:** Former group home use, well-suited for a housing program operator. Metro Transit Route 5 at the corner and METRO D Line two blocks south. Full offering memorandum available.

Full Property Details for 2204 Emerson Ave N

General

  • Price: $695,000
  • Taxes: $7,426 (2026)
  • Status: Active
  • Type: Commercial
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7161032
  • Updated: 10/16/2026
  • Added to Site: 15 day(s) ago

Interior

  • Appliances: Range, Refrigerator, Stainless Steel Appliances

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Parking Features: Detached Garage

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Bakers Amd To Highland Park
  • Neighborhood: 31
  • Driving Directions: Hwy 94 to West on Broadway to right on Emerson to Building on the right.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Boiler
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)
  • Utility Description: Electric Separate, Heating Separate

Structural Information

  • Foundation Size: 1591
  • Disability Access: Other
  • Square Feet: 4,773
  • Finished Down/Base.: 4,773 Sq. Ft.
  • Current Bldg. Use: Residential
  • Year Built: 1926

Unit Information

  • Units w/Refrigerators: 5

Lot Features

  • Lot Size (Acres): 0.14
  • Lot Dimensions: 43 x 140
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Tax Amount: $7,426
  • Tax Year: 2026
  • Terms: Conventional, Cash

Disclosures and Reports

  • Legal Description: LOT 007 BLOCK 025 BAKERS AMENDMENT TO HIGHLAND PARK
  • Inclusions: Building
  • Property ID: 1602924130002

Listed by Pemberton RE

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— 2204 Emerson Ave N —

  • Pemberton RE

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NMLS#: 1598647

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NMLS#: 1598647

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Save up to an additional 20% by bundling your home and auto together!

Schools serving 2204 Emerson Ave N

School District:Minneapolis Public School District
NameGradesDistance
Nellie Stone Johnson Elementary School
807 North 27th Avenue, Minneapolis, MN 55411
PK-50.4 mi
Anwatin Middle Com & Spanish D I
256 Upton Avenue South, Minneapolis, MN 55405
6-82.2 mi
North Academy Senior High
1500 James Avenue North, Minneapolis, MN 55411
9-120.6 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2204 Emerson Ave N Get Price Alerts and Save Property

Date
Details
Price
Change
Source
10/16/2026
Listed
$695,000
178%
MLS
10/16/2015
Sold
$250,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2204 Emerson Ave N

Year
Property Taxes
Change
Tax Assessment
Change
2025
$7,426
-6%
$391,000
-10%
2025
$7,915
15%
$434,000
1%
2023
$6,878
-3%
$430,000
-2%
2023
$7,101
—
$441,000
21%
2023
$7,101
33%
$365,000
21%
2020
$5,346
15%
$302,500
18%
2019
$4,655
14%
$256,500
15%
2018
$4,090
10%
$223,000
12%
2017
$3,730
8%
$199,000
12%
2016
$3,442
-11%
$178,000
16%
2015
$3,864
29%
$153,000
15%
2014
$2,994
-3%
$133,000
-5%
2013
$3,075
—
$140,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Pemberton RE

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2204 Emerson Avenue N, Minneapolis, MN 55411 (MLS# 7161032) is a Commercial property. 2204 Emerson Avenue N is currently listed for $695,000 and was received on October 16, 2026. Want to learn more about 2204 Emerson Avenue N? Do you have questions about finding other Commercial real estate for sale in Near North? You can browse all Near North real estate or contact a Coldwell Banker agent to request more information.

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