Address
3241 Cedar Avenue S, Minneapolis, MN
Price
$ 399,000
Property Attributes
  • ID#6480119
  • TypeMulti-Family
  • CountyHENNEPIN
  • CityMinneapolis
  • AreaMinnehaha Add
  • NeighborhoodMinnehaha Add
  • Zip55407
  • StyleDuplex Up and Down
  • Year Built1898
  • Taxes$ 5086
  • Price$ 399,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms0
  • Sqr Footage3000
  • Lot Size0.14 Acres
Data Source:
Northstar MLS (NSTAR)
Property Description

Back on market! Seller made it unailable for showing for a couple months in order to make some repairs. Unique Duplex with non-conforming front unit that could potentially be converted to triplex! FHA assumption possible at 3.5% interest rate for qualified buyers. Enjoy the peaceful backyard that is fully enclosed with a wooden fence and features a patio. Perfect for dog owners! This building has plenty of space including a partially finished full basement, a 12x12 flex room in the backyard and a workshop attached to garage. Units have been nicely maintained and are rent ready! This is the perfect spot for an owner who would like to cut their living expenses by occupying 1 unit.

Price History
1/23/2024 Listed $399,000

General Features

Sewer City Sewer/Connected
Heating Radiant
Roof Age Over 8 Years
Garage Spaces 1
Construction Materials Stucco
Year Built 1898
Electric Circuit Breakers,100 Amp Service
Levels Two
Property SubType Duplex Up and Down
Tax Year 2024
Gross Income 44700
OwnerPays Fuel,Repairs,Taxes,Trash Collection,Water
Accessibility None
County Hennepin
New Construction No
Property Type Residential Income
Association Amenities Common Laundry
Contingency None
Subdivision Name Minnehaha Add
Directions From Hwy 55,take Lake St exit. Go west and then take a left onto Cedar Ave S. The property is 3 blocks south and on the lefthand side of the street.
City Minneapolis
Buyer Agent Compensation 2.70
High School District Minneapolis
Zoning Description Residential-Multi-Family
NumberOfUnitsTotal 2
Lot Size Units Acres
Street Name Cedar
Land Lease Y/N No
Tax Annual Amount 5086
Additional Parcels Y/N No
Days on Market 38
Standard Status Active
Lender Owned No
Buyer Agent Compensation Type %
PostalCity Minneapolis

Interior Features

Basement Block,Full
Basement (Y/N) Yes
Above Grade Finished Area 3000
Foundation Dimensions 23x30
Fuel Natural Gas
Garage Dimensions 20x20
Garage Door Width 7
Garage Square Feet 400

Exterior Features

Fencing Full,Wood
Parking Features Detached,Concrete,Parking Lot
Lot Features Corner Lot,Tree Coverage - Medium
Water Source City Water/Connected
Lot Size Area 0.14
Lot Dimensions 50x125
Street Suffix Avenue
Foundation Area 690
Road Frontage Type City Street
Road Responsibility Public Maintained Road

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 55407

Price
AVG $460K
$400K
Taxes
AVG $6,128
$5,086
Visits
AVG 206
178
Data Provided by Inside Real Estate®
Year Built
AVG 1914
1898

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.