3104 Emerson Ave S, Minneapolis, MN 55408

6 beds, 3 baths, 2,770 sqft
Off Market
Zestimate®: $406,101
Rent Zestimate®: $1,599/mo
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Multiple Family Home for sale by owner in Minneapolis, MN 55408. Legal triplex (apt1=3br; apt2=2br; apt3=1br) in the heart of Uptown! Original architecture has been retained while thoroughly modernizing mechanicals. All units have completely separate utilities (except city utilities). Owner pays city utilities; tenants pay heating, cooling and electricity. The house features hardwood floors, leaded glass, built-in buffets, natural woodwork and is within walking distance of Lake Calhoun. Very low maintenance, cash-flow positive, and the units practically rent themselves. If you want to own rental property, this is your building! Monthly net income of about $2300 (rent of $3600, expenses of $1300).
 
Facts
  • Lot: 3,920 sqft
  • Multi Family
  • Built in 1906
  • Cooling: Central
  • Heating: Forced air
  • Last sold: Aug 2007 for $461,000
Features
  • Flooring: Hardwood
  • Parking: On street
  • Unfinished basement
Additional Features
  • $116K recently spend on copper plumbing, separate hot water heaters, forced air furnaces, central AC
Construction
  • Roof type: Asphalt
  • Room count: 17
  • # Stories: 3.0
  • Unit count: 3
Other
  • Floor size: 2,770 sqft
  • Heating: Gas
  • Last remodel year: 2002
  • Lot depth: 83
  • Lot width: 45
  • Parcel #: 0402824120090
  • Zillow Home ID: 1717198
Home Values
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$406,101
+$2,677 Last 30 daysd
$374K
$426K
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A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
$1,599/mo
-$94 Last 30 daysd
$1K
$2.1K
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Neighborhood for 3104 Emerson Avenue S

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Zillow predicts Calhoun home values will rise 0.2% next year, compared to a 0% decrease for Minneapolis as a whole. Among Calhoun homes, this home is valued 51.9% more than the midpoint (median) home, but is valued 29.1% less per square foot.

Foreclosures will be a factor impacting home values in the next several years. In Calhoun, the number of foreclosures waiting to be sold is 69.1% lower than in Minneapolis, and 10.4% higher than the national average. This lower local number could help Calhoun home values rise more quickly than other regions in Minneapolis.

Learn more about forecast calculations or Calhoun home values.
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