PRIME SOUTH MPLS 4-UNIT INVESTMENT - WALKABLE LOCATION!
Exceptional opportunity for investors or owner-occupants! This meticulously maintained, four-unit building is nestled in a highly sought-after South Minneapolis neighborhood, just blocks from Bde Maka Ska and the area's vibrant dining and retail scene.
The property features a desirable mix of units, including: two 2 bed 1 bath and two 1 bed 1 bath. Current leases offer immediate, solid rental income and stability, with potential for value-add through strategic rent increases or cosmetic updates.
Owner is an agent. Information deemed reliable but not guaranteed. Buyer and Buyer’s Agent to verify all measurements, features, income, and expenses. Listing Agent and Seller assume no responsibility for inaccuracies.
Active
$650,000
3513 Emerson Ave S, Minneapolis, MN 55408
6beds
4baths
3,735sqft
Est.:
Quadruplex
Built in 1957
-- sqft lot
$654,500 Zestimate®
$174/sqft
$-- HOA
What's special
Four-unit building
- 7 days |
- 322 |
- 15 |
Zillow last checked: 8 hours ago
Listing updated: December 09, 2025 at 09:58am
Listed by:
Doro Property Management 612-578-6430,
Doro Real Estate,
Michael J Tracy 651-497-5904
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6823198
Tour with a local agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
Heating
- Forced Air
Features
- Basement: Drain Tiled,Egress Window(s),Partially Finished,Single Tenant Access,Storage Space,Sump Basket
Interior area
- Total structure area: 3,735
- Total interior livable area: 3,735 sqft
- Finished area above ground: 2,490
- Finished area below ground: 1,245
Property
Accessibility
- Accessibility features: None
Features
- Levels: One
Lot
- Size: 5,227.2 Square Feet
- Dimensions: 42 x 128
Details
- Foundation area: 2490
- Parcel number: 0402824420141
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Quadruplex
Condition
- New construction: No
- Year built: 1957
Utilities & green energy
- Gas: Natural Gas
- Sewer: City Sewer - In Street
- Water: City Water - In Street
Community & HOA
Community
- Subdivision: Remingtons 2nd Add
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $174/sqft
- Tax assessed value: $584,000
- Annual tax amount: $11,216
- Date on market: 12/3/2025
- Tenant pays: Electricity, Gas
Estimated market value
$654,500
$622,000 - $687,000
$2,414/mo
Price history
Price history
| Date | Event | Price |
|---|---|---|
| 12/3/2025 | Listed for sale | $650,000+11.1%$174/sqft |
Source: | ||
| 6/15/2023 | Sold | $585,000-10%$157/sqft |
Source: | ||
| 6/8/2023 | Pending sale | $649,900$174/sqft |
Source: | ||
| 5/26/2023 | Listed for sale | $649,900+88.4%$174/sqft |
Source: | ||
| 4/26/2002 | Sold | $345,000$92/sqft |
Source: Public Record Report a problem | ||
Public tax history
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,817 +0.9% | $584,000 -5% |
| 2024 | $11,709 +4.3% | $615,000 -16% |
| 2023 | $11,222 -9.9% | $732,000 +5% |
Find assessor info on the county website
BuyAbility℠ payment
Est. payment
$4,004/mo
Principal & interest
$3164
Property taxes
$612
Home insurance
$228
Climate risks
Neighborhood: South Uptown
Nearby schools
GreatSchools rating
- 6/10Kenwood Elementary SchoolGrades: K-5Distance: 1.7 mi
- 1/10Anwatin Middle Com & Spanish D IGrades: 6-8Distance: 2.7 mi
- 3/10North Academy Senior HighGrades: 9-12Distance: 3.8 mi
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