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Hatch Brokered by Real

| Hatch Brokered by Real | Real Brokerage LLC | PLACE

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3116 Emerson Ave N , Minneapolis, MN 55411
$410,900
Est. Payment: $913.11/mo
3 Bed
3 Bath
7167 Sqft
0.15 Acres
Status: active | Days on site: 39
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9705 - 502239675,502212277
By proceeding and clicking the sign up button, you consent to receive calls and texts (SMS/MMS) including marketing and promotional communications, from Hatch Brokered by Real, its affiliates, and agents or vendors acting on their behalf. These communications may be delivered using an automatic telephone dialing system or by using an artificial or prerecorded voice. Message and data rates may apply. To opt out of text messages, reply STOP. Your consent is not required as a condition of any purchase. By continuing, you also agree to our Terms of Use and Privacy Policy.
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Hatch Brokered by Real
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House Description

Cash flow from day one with a strong positive-leverage spread. 3116 Emerson Ave N is a fully occupied, six-unit mixed-use investment property offering an attractive entry point for the small investor focused on real cash flow—not just future appreciation. Priced at $410,900, the property generates approximately $79,812 in annual scheduled income and $40,083 in-place NOI, producing a 9.75% cap rate. Using the 6.25% financing assumption in the offering memorandum, that represents roughly a 350-basis-point spread between the going-in cap rate and interest rate, creating meaningful positive leverage that is increasingly difficult to find in smaller investment properties. The asset includes four residential apartments and two commercial spaces, providing six separate income streams and diversification beyond a traditional small multifamily property. All six units are currently occupied, while existing rents still provide modest upside: projected market income increases to approximately $84,000 annually, supporting an estimated $45,711 NOI and 11.12% market cap rate. Located on the highly visible corner of Lowry Ave N and Emerson Ave N, the property also benefits from 10 off-street parking stalls serving both residential and commercial tenants. For an investor looking to graduate from duplexes and fourplexes into a larger cash-flowing asset without making the jump to a multi-million-dollar apartment building, this property offers an unusual combination of affordable basis, immediate income, positive leverage, diversified tenancy, and additional rent upside. Buyer Agents to verify all measurements Seller open to seller financing option with QUALIFIED BUYER ONLY!!! Minimum 48 Hr Notices For All Showings! Showings ONLY being approved with Proof of Funds and/or verified approval letter from bank!
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Highlights

Listed by William Schultz , 651-216-6814 and Alex Moon , 612-384-7495 Keller Williams Premier Realty , 651-379-5252. Minneapolis/St. Paul and St. Cloud - Northstar MLS

Property Type

Commercial Sale
Lot/Acreage
0.15

Year Built

1907

County

Hennepin

 Neighborhood

Silver Lake Add

 School District

Minneapolis

Listing ID

7143580

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Interior Features

Bedrooms and Bathrooms
  • ▪ Bedrooms:3
  • ▪ Bathrooms:3
Air Cond:Window Unit(s)
Fireplaces:
Water:City Water/Connected

Exterior Features

Lot Dimensions:157 x 52
Zoning:Business/Commercial,Residential-Multi-Family,Other
Sewer:City Sewer/Connected
Parking Features:Parking Lot
Principal Interest
$913
Taxes
$615

Home Price

$410,900

Loan Details

30 yrs
0%

Down Payment

20%
$82,180
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$913.11

Principal

Taxes

Principal Taxes HOA Total
Monthly $913.11 $615.42 $0.00 $1,528.53
Yearly $10,957.33 $7,385.00 $0.00 $18,342.33
Total $328,720.00 $221,550.00 $0.00 $550,270.00
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Will Provost
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Market insight data is pulled from the same city as the listing being viewed (Minneapolis, MN).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

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Data last updated: 2026-10-22T14:02:13.000Z

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