2204 Emerson Avenue NMinneapolis, MN 55411
$695,000
4,773 finished sq ft · 0.14 acre lot
About this home
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.
Home facts
- Home type
- Single-family home
- Style
- Other
- Year built
- 1926
- Finished sq ft
- 4,773
- Lot
- 0.14 acres
- Garage
- 4 stalls
- Heating
- Natural Gas
- Property taxes
- $7,426 a year
- Listed
- October 16, 2026
- MLS number
- 7161032
Listing courtesy of Pemberton RE (Joe Allen). MLS #7161032.
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How it compares
2204 Emerson Avenue N, Minneapolis, MN 55411 is a single-family home built in 1926 in Hawthorne, listed for $695,000 on October 16, 2026 by Pemberton RE. That is in the upper quarter of the 672 single-family homes for sale in Minneapolis right now (median $350,000; $146 per square foot here against $207 for the group). That works out to $146 per finished square foot.
Source: Huerkamp Home Group, from the active listings in our communities on November 3, 2026 at 7:38 PM (Central). This is not an appraisal, competitive or comparative market analysis, CMA or home valuation.
The location
- Minneapolis community guideSchools, commutes, parks, home values and local stories.
- Hawthorne, MinneapolisThe neighborhood guide: homes, history, parks and market numbers.
- Minneapolis housing market, September 2026Homes sold for a median $353,500 over 12 months (+2.5%), 54 days on market. Source: Minneapolis Area REALTORS®.
What would the monthly payment be?
— estimated per month
- Principal and interest
- —
- Property taxes
- —
Estimate only, not a loan offer: a 30-year fixed loan at the Freddie Mac weekly average (7.24% on October 29, 2026), the property taxes in the listing. Homeowners insurance and any mortgage insurance aren't included. Your rate depends on your credit and loan.
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