3019 Emerson Avenue N, Minneapolis, MN 55411

General Property Information

Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront Present: No
Year Built: 1921
Yearly/Seasonal: Yearly
Zoning: Residential-Multi-Family
Main Floor Total SqFt: 1100
Above Ground SqFt: 2200
Total SqFt: 2200
Foundation Size: 1100
Style: (MF) Duplex Up and Down
Total Finished Sqft: 2200.00
Lot Dimensions: Irregular
Acres: 0.13
Assessment Pending: No
Below Grd Total SqFt: 0
Garage Stalls: 0

Property Features

Accessible: None Amenities Shared: None Assumable Loan: Not Assumable Basement: Concrete Block; Unfinished Construction Status: Previously Owned Electric: Circuit Breakers Existing Financing: Conventional Exterior: Stucco Fencing: None Financing Terms: Conventional Foundation: Concrete Block Fuel: Electric Heating: Forced Air Laundry: In Basement; Washer Hookup Lock Box Type: Combo Owner Pays: Exterior Maintenance; HVAC Maintenance; Insurance; Lawn; Maintenance/Repair; Sewer; Trash Collection; Water Parking Characteristics: Parking Lot; Uncovered/Open Rental License Type: Standard Road Frontage: City Street Roof: Age Over 8 Years Sellers Terms: Cash; Conventional Sewer: City Sewer/Connected Stories: Two Tenant Pays: Electricity; Fuel; Gas; Heat; Hot Water; Snow Removal Topography: High Ground Unit 1 Appliances: Range; Refrigerator Unit 1 Bath Description: Main Floor Full Bath Unit 1 Cooling: None Unit 1 Special Search: Main Floor Bedroom Unit 2 Appliances: Range; Refrigerator Unit 2 Bath Description: Upper Level Full Bath Water: City Water/Connected

Contract Information

Off Market Date: 2025-03-19
Contingency: None
Closed Date: 2025-04-21
Original List Price: 244900
ListPrice: 244900
Sales Close Price: 250000
Owner is an Agent?: No
Auction?: No

Location Tax and Other Information

House Number: 3019
Street Name: Emerson
Street Suffix: Avenue
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55411
Complex/Dev/Subdivision: Silver Lake Add

Assessments

Tax With Assessments: 3391
Assessment Balance: 0

Building Information

Finished SqFt Above Ground: 2200

More Information

Income and Expenses

Annual Gross Income: 35640
Annual Insurance Expense: 1320
Annual Maintenance Expense: 1200
Annual Trash Expense: 300
Annual Water/Sewer Expense: 2400
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Repair Expense: 0
Total Annual Expenses: 0

Lease Details

Land Leased: Not Applicable

Miscellaneous Information

DP Resource: Yes
Homestead: No

Ownership

Fractional Ownership: No

Public Survey Info

Range#: 24
Section#: 09
Township#: 29

Unit 1

Furnished?: No
Leased?: Yes
Level: Main Level
Unit Number: Yes
Annual Rent: 18600
Finished SqFt: 1100
Full Baths: Yes
Monthly Rent: 1550
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit 2

Furnished?: No
Leased?: Yes
Level: 2nd Level
Unit Number: 2
Annual Rent: 17040
Full Baths: Yes
Monthly Rent: 1420
No. of Units Like This: Yes
Total Baths: Yes
Total Bedrooms: 2
Total Rooms: 4

Unit Details

Total Units: 2

Office/Member Info

Association: SPAAR

Location, Tax and Other Information

Legal Description: LOT 009 BLOCK 010 SILVER LAKE ADDN TO MPLS
Listing City: Minneapolis
Map Page: 92
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 2257
Property ID Number: 0902924420029
Tax Year: 2024
Tax Amount: 3391
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No

Directions & Remarks

Public Remarks: Nicely Maintained Duplex in Rapidly Appreciating Area! Check out the list of community improvements planned for 2025! Investors and owner-occupants, don’t miss this large two-story duplex, perfect for expanding your portfolio or generating rental income! With a Tier 1 rental license, which is a well-maintained property, requires minimal city intervention, and is the least expensive, and strong 1% investment rule, this property delivers instant cash flow with total rents of $2,970/month. Both units feature 2 bedrooms, 1 bath, and large living spaces, providing comfortable layouts for tenants or owner-occupants. New roof (2024) and fresh exterior paint (2024) for enhanced curb appeal and value. Each unit has separate utilities, ensuring ease of management and cost control. With property values increasing in North Minneapolis, this is a smart investment in a high-growth area.
Directions: 94W to Washington Ave N to W Broadway. Left on 26th Ave N, right on Emerson Ave N to property.

Accessible

None: Yes

Amenities Shared

None: Yes

Assumable Loan

Not Assumable: Yes

Basement

Concrete Block: Yes
Unfinished: Yes

Construction Status

Previously Owned: Yes

Electric

Circuit Breakers: Yes

Existing Financing

Conventional: Yes

Exterior

Stucco: Yes

Fencing

None: Yes

Financing Terms

Conventional: Yes

Foundation

Concrete Block: Yes

Fuel

Electric: Yes

Heating

Forced Air: Yes

Laundry

In Basement: Yes
Washer Hookup: Yes

Lock Box Type

Combo: Yes

Owner Pays

Exterior Maintenance: Yes
HVAC Maintenance: Yes
Insurance: Yes
Lawn: Yes
Maintenance/Repair: Yes
Sewer: Yes
Trash Collection: Yes
Water: Yes

Parking Characteristics

Parking Lot: Yes
Uncovered/Open: Yes

Rental License Type

Standard: Yes

Road Frontage

City Street: Yes

Roof

Age Over 8 Years: Yes

Sellers Terms

Cash: Yes
Conventional: Yes

Sewer

City Sewer/Connected: Yes

Stories

Two: Yes

Topography

High Ground: Yes

Water

City Water/Connected: Yes

No. of Ranges

Two: Yes

No. of Refrigerators

Two: Yes

Tenant Pays

Electricity: Yes
Fuel: Yes
Gas: Yes
Heat: Yes
Hot Water: Yes
Snow Removal: Yes

Unit 1 Appliances

Range: Yes
Refrigerator: Yes

Unit 1 Bath Description

Main Floor Full Bath: Yes

Unit 1 Cooling

None: Yes

Unit 1 Special Search

Main Floor Bedroom: Yes

Unit 2 Appliances

Range: Yes
Refrigerator: Yes

Unit 2 Bath Description

Upper Level Full Bath: Yes