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Assumable FHA loan with approximately $560,000 balance at 2.99%!
A great opportunity to own a multi-family property in the Lowry Hill East / Wedge neighborhood. Great proximity to the lakes, Uptown, Downtown, 94 and 35W. Just a block from Spyhouse / Kowalskis / other restaurants on Hennepin.
Unit 3: Rented month to month on Airbnb and Furnished Finder. Usually rented with high occupancy for $1700 - $1800 per month.
Unit 2: Oversized 1BD/1BA, can also live as small 2BD/1BA. Most recently rented for $1,300 ending June 2026. Previously rented for $1,500 2021-2025.
Unit 1: 4BD/2BA, basement remodel / addition in 2021, rented for $2,450. Laundry in unit for this unit only.
Six total off-street parking spaces: a one-car garage, a two-car garage and three uncovered driveway spaces.
Opportunity to add value through cosmetic renovations to kitchens and bathrooms.
For sale by owner
$565,000
2501 Emerson Ave S, Minneapolis, MN 55405
8beds
2,900sqft
MultiFamily
Built in 1905
-- sqft lot
$-- Zestimate®
$195/sqft
$-- HOA
What's special
One-car garageTwo-car garageThree uncovered driveway spaces
- 5 hours
- 82
- 2
Listed by:
Property Owner (651) 216-6985
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Forced air
Features
- Basement: Finished
Interior area
- Total interior livable area: 2,900 sqft
Property
Parking
- Total spaces: 6
- Parking features: Garage - Detached
Features
- Exterior features: Other
Lot
- Size: 6,534 Square Feet
- Topography: Level
Details
- Parcel number: 3302924130038
- Zoning: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
Materials
- Wood
- Roof: Asphalt
Condition
- New construction: No
- Year built: 1905
Utilities & green energy
- Sewer: City Sewer/Connected
Community & HOA
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $195/sqft
- Tax assessed value: $581,600
- Annual tax amount: $8,794
- Date on market: 9/2/2026
Estimated market value
Not available
Estimated sales range
Not available
$2,367/mo
Price history
| Date | Event | Price |
|---|---|---|
| 9/2/2026 | Listed for sale | $565,000$195/sqft |
Source: Owner Report a problem | ||
| 6/28/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 6/8/2026 | Listed for sale | $565,000-5%$195/sqft |
Source: Owner Report a problem | ||
| 3/1/2026 | Listing removed | -- |
Source: Owner Report a problem | ||
| 12/7/2025 | Price change | $595,000-3.2%$205/sqft |
Source: Owner Report a problem | ||
| 10/31/2025 | Price change | $614,9000%$212/sqft |
Source: Owner Report a problem | ||
| 8/22/2025 | Price change | $615,000-2.4%$212/sqft |
Source: Owner Report a problem | ||
| 7/21/2025 | Price change | $630,000-2.3%$217/sqft |
Source: Owner Report a problem | ||
| 6/21/2025 | Listed for sale | $645,000+25.2%$222/sqft |
Source: Owner Report a problem | ||
| 12/8/2021 | Listing removed | -- |
Source:  NorthstarMLS as distributed by MLS GRID #5650247 Report a problem | ||
| 10/21/2021 | Sold | $515,000$178/sqft |
Source: Public Record Report a problem | ||
| 6/3/2021 | Sold | $515,000+0%$178/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5650247 Report a problem | ||
| 4/23/2021 | Pending sale | $514,900$178/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5650247 Report a problem | ||
| 3/20/2021 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #5650247 Report a problem | ||
| 3/17/2021 | Price change | $514,900-1.9%$178/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5650247 Report a problem | ||
| 3/8/2021 | Listed for sale | $524,900$181/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5650247 Report a problem | ||
| 3/1/2021 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #5650247 Report a problem | ||
| 1/30/2021 | Price change | $524,900-2.8%$181/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5650247 Report a problem | ||
| 9/28/2020 | Price change | $539,900-6.1%$186/sqft |
Source: Verde Real Estate Group #5650247 Report a problem | ||
| 9/9/2020 | Price change | $574,900-4.2%$198/sqft |
Source: Verde Real Estate Group #5650247 Report a problem | ||
| 9/3/2020 | Listed for sale | $599,900+274.9%$207/sqft |
Source: Verde Real Estate Group #5650247 Report a problem | ||
| 9/5/2014 | Listing removed | $925 |
Source: EIG Property Management Report a problem | ||
| 7/24/2014 | Listed for rent | $925 |
Source: EIG Property Management Report a problem | ||
| 12/1/1998 | Sold | $160,000$55/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,794 +13.7% | $581,600 +1.5% |
| 2024 | $7,736 -3.4% | $573,000 |
| 2023 | $8,008 +2.7% | $573,000 +0.4% |
| 2022 | $7,796 -13.5% | $571,000 +4.3% |
| 2021 | $9,018 -5.2% | $547,500 |
| 2020 | $9,515 +5.5% | $547,500 +6% |
| 2019 | $9,018 -5.2% | $516,500 +10% |
| 2018 | $9,515 +21.5% | $469,500 +15.4% |
| 2017 | $7,828 -0.3% | $407,000 +20.1% |
| 2016 | $7,855 +15.9% | $339,000 +9% |
| 2015 | $6,780 +3.8% | $311,000 +15% |
| 2014 | $6,534 +2.9% | $270,500 |
| 2013 | $6,348 -2.8% | $270,500 -8% |
| 2012 | $6,527 -7.3% | $294,000 -11.7% |
| 2011 | $7,042 +2.7% | $333,000 -10% |
| 2010 | $6,856 -1.1% | $370,000 |
| 2009 | $6,935 +42.1% | $370,000 +3.3% |
| 2006 | $4,880 +6.6% | $358,300 +15% |
| 2005 | $4,578 +8.6% | $311,600 +15% |
| 2004 | $4,215 +11% | $271,000 +12% |
| 2002 | $3,797 -48.6% | $242,000 |
| 2001 | $7,388 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
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Neighborhood: Lowry Hill East
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