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  • 2545 Cedar Ave S

  • Minneapolis, MN 55404
  • Neighborhood: Auditors Sub 016
  • $399,000
  • 6 Beds
  • 2 Baths
  • 3,200 SqFt
  • $124.69 / SqFt
  • MLS® #: 5505680
  • Year Built: 1912
  • Days Listed: 19
Multi-Family property for sale in Minneapolis, MN at 2545 Cedar Ave S. This 6 bedroom multi-family property is priced at $125/sqft.

Description of 2545 Cedar Ave S, Minneapolis, MN 55404 - $399,000

Cash flowing up/down duplex in South MPLS. Both units leased through end of May 2020, top unit for $1,900/mo and bottom unit for $1,690/mo. Top unit tenant has renewed lease through May 2021 at $1,950/mo and bottom unit would like to renew year long lease if new owner does not owner occupy. Never been vacant! Close to light rail, colleges, and short drive to downtown MPLS & Downtown St. Paul. Split gas & electricity for both units, paid by tenants. Great option for an owner occupant or investor looking to add to their portfolio. Both large 3bed/1bath units. The upstairs unit has additional bonus space. Coin operated laundry on site. There are a couple major value add opportunities with adding a potential 3rd unit in the basement and the potential to split the double lot and sell or develop the new lot. ***Video footage available upon request. Please reach out to listing agent, Lars Anderson.

Essential Information

  • MLS® #5505680
  • Price$399,000
  • Bedrooms6
  • Bathrooms2.00
  • Square Footage3,200
  • Acres0.24
  • Year Built1912
  • TypeMulti-Family
  • Sub-Type(MF) Duplex Up and Down
  • Style(MF) Duplex Up and Down
  • StatusActive

Interior

  • HeatingHot Water, Boiler

School Information

  • District1 - Minneapolis

Community Information

  • Address2545 Cedar Ave S
  • AreaEast Phillips
  • SubdivisionAuditors Sub 016
  • CityMinneapolis
  • CountyHennepin
  • StateMN
  • Zip Code55404

Exterior

  • ExteriorWood
  • RoofAsphalt Shingles
  • ConstructionPreviously Owned
  • Foundation1292

Additional Information

  • Listing OfficeRe/max Results
  • Date ListedMarch 13th, 2020
  • Days on Market19
  • ZoningResidential-Multi-Family
  • Construction StatusPreviously Owned

Amenities

  • AmenitiesCoin-op Laundry Owned
  • # of Garages2
  • GaragesDetached Garage

Lot Description

Corner Lot, Tree Coverage - Medium, City Bus (w/in 6 blks)

Kris LindahlREALTOR®

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The data relating to real estate for sale on this site comes in part from the Broker Reciprocity program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than Kris Kindahl - Real Estate are marked with the Broker Reciprocity logo or the Broker Reciprocity house icon and detailed information about them includes the names of the listing brokers. Kris Kindahl - Real Estate is not a Multiple Listing Service MLS, nor does it offer MLS access. This website is a service of Kris Kindahl - Real Estate, a broker Participant of the Regional Multiple Listing Service of Minnesota, Inc.

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Listing information last updated on April 5th, 2020 at 7:21am CDT.