Minneapolis, MN Real Estate & Homes For Sale

$410,900
3 Beds 3 Baths 7143580 MLS
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!

3116 Emerson Avenue N, Minneapolis

Listing courtesy of Keller Williams Premier Realty.

$400,000
4 Beds 2 Baths 7139297 MLS
Welcome to 3857 44th Avenue South, a beautifully renovated 4-bedroom, 2-bath home in the heart of the Howe neighborhood. Remodeled from top to bottom, this home combines the charm and location of South Minneapolis with the peace of mind of extensive recent updates. Inside, nearly everything has been refreshed or replaced, including new drywall, flooring, paint, windows, and much of the plumbing. The completely remodeled kitchen features new cabinetry, quartz countertops, and stainless steel appliances. Both bathrooms have been beautifully updated, and a brand-new washer and dryer add even more convenience. A spacious finished attic provides flexible additional living space, while the newly finished lower level adds even more room and a new three-quarter bath. Outside, enjoy freshly painted vinyl siding, new exterior doors, a new privacy fence, two-car garage, and additional off-street parking. The south-facing home is filled with natural light, while a brand-new A/C, newer furnace, and architectural-shingle roof offer added peace of mind. All of this in a beautiful, quiet pocket of South Minneapolis just a short walk from the Mississippi River, Dowling Community Garden, Minnehaha Falls, Riverview Theater, Mother Earth Gardens, Dogwood Coffee, and other neighborhood favorites, with easy access to downtown, the airport, and public transportation. Completely move-in ready!

3857 44th Avenue S, Minneapolis

Listing courtesy of Real Broker, LLC.

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