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  • 3241 Cedar Avenue S

  • Minneapolis, MN 55407
  • Neighborhood: Minnehaha Add
  • $420,000
  • 3,087 SqFt
  • $136.05 / SqFt
  • MLS® #: 6148301
  • Year Built: 1898
  • Days Listed: 106
Residential Income property for sale in Minneapolis, MN at 3241 Cedar Avenue S. This property is priced at $136/sqft.
REDUCED

Description of 3241 Cedar Avenue S, Minneapolis, MN 55407 - $420,000

Hard to find, solid money making triplex in south MPLS. Well maintained building with a two car garage and several extra storage options that produce more income. Unit #2 had a total kitchen remodel recently, #1 & #3 are in great shape and well cared for. Units are good sized as the whole building is large at about 3800 FSF. Current leases in place for unit #1(July 2020) & #3(Sept. 2022), Unit 2 is month to month. Basement has more potential for finished space. The shed is also rented for $100/month. This would be an excellent owner occupant investment or a straight investment for the savvy investor with some skills to finish the basement.

Essential Information

  • MLS® #6148301
  • Price$420,000
  • Bathrooms0.00
  • Square Footage3,087
  • Acres0.14
  • Year Built1898
  • TypeResidential Income
  • Sub-TypeTriplex
  • StyleTriplex
  • StatusActive

Interior

  • HeatingHot Water, Boiler

Community Information

  • Address3241 Cedar Avenue S
  • AreaCorcoran
  • SubdivisionMinnehaha Add
  • CityMinneapolis
  • CountyHennepin
  • StateMN
  • Zip Code55407

Exterior

  • Lot DescriptionTree Coverage - Light
  • RoofAsphalt
  • ConstructionWood Siding, Stucco

Amenities

  • AmenitiesDeck
  • # of Garages2
  • GaragesDetached

School Information

  • DistrictMinneapolis

Additional Information

  • Listing OfficeRe/max Advantage Plus
  • Days on Market106

Kris LindahlREALTOR®

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Price Change History for 3241 Cedar Avenue S, Minneapolis, MN (MLS® #6148301)

Date Details Price Change
Price Reduced (from $460,000) $420,000 $40,000 (8.70%)
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Listing information last updated on May 17th, 2022 at 2:24am CDT.