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For Sale:  Minneapolis MLS# 6782391

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Active NEW!
$420,000
/mo Edit
Multi-family:  Duplex Up and Down
Built 1907
1,961 sqft • 0.14 acres
Minneapolis schools
MLS# 6782391
763-576-8286
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    Property Description

    Classic South Minneapolis duplex at 3501 Cedar Ave S with two bright 2BR/1BA flats. Hardwood floors, tall ceilings, refreshed lighting, updated kitchens and baths, and solid exterior and window condition per prior listing. Each unit has a comfortable living room, dining space, good storage, and a sensible layout. Private backyard for grilling and a garden. Checkout the unfinished attic (wired) which is ready for your renovation ideas. Walk to Powderhorn Park, Lake Street dining, the bus on Cedar, and the Midtown Greenway connections. Both units are tenant occupied. Ask for the rent roll, lease terms, and supplements.

    Listing

    Listing Status: Active
    Contingency: None
    List Price: $420,000
    Price per sq ft: $214
    Property Type: Multi-family
    City: Minneapolis
    Garage Spaces: 0
    County: Hennepin
    Year Built: 1907
    State: MN
    Property Style: Duplex Up and Down
    Zip Code: 55407
    Neighborhood/Area: Corcoran
    Subdivision Name: Wilbers 2nd Add

    Interior

    Finished Area: 1,961 ft2
    Living Area: 1,961 ft2
    Ranges: Two
    Refrigerators: Two
    Basement Details:
    • Full
    • Unfinished

    Exterior

    Stories: More Than 2 Stories
    Garage Spaces: 0
    Foundation Size: 971 ft2
    Fencing: None
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Hot Water
    Parking Features:
    • Asphalt
    • Carport
    • Open
    Road Frontage: City Street
    Exterior Material:
    • Metal Siding
    • Vinyl Siding
    Roof Details: Asphalt

    Lot & Land

    Acres: 0.14
    Geolocation: 44.939392, -93.246972
    Lot Dimensions: 125X50
    Zoning: Residential-Multi-Family
    Lot Description: Corner Lot

    Farm

    Topography: Level

    Schools

    School District: 1
    District Phone: 612-668-0000

    Expenses

    Annual Caretaker Expense: None
    Annual Electric Expense: None
    Annual Fuel Expense: None
    Annual Insurance Expense: None
    Annual Maintenance Expense: None
    Annual Gross Expense: None
    Annual Trash Expense: None
    Annual Water/Sewer Expense: None

    Financial & Taxes

    Tax Year: 2025
    Annual Taxes: $7,234
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $7,234

    Income

    Annual Gross Income: $37,680

    Units

    Total Units: 2

    Miscellaneous

    Fuel System: Natural Gas
    Owner Occupied: No
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

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    Payment:  /mo

    Local Home Mortgage Professionals

    Eric Bloomstrand
    Branch Sales Manager
    Fairway Home Mortgage    NMLS#274211
    612-961-2600
    Eric Bloomstrand is a Branch Sales Manager at Fairway Home Mortgage with 30+ years of experience in the mortgage banking services industry. Eric has extensive skills in construction loans, FHA financing, VA loans, USDA, and first-time buyer down payment assistance programs. He is a well-qualified finance professional with a Bachelor of Science focused in Finance and Marketing from Minnesota State University, Mankato. Helping individuals acquire their dream home is his passion.
    Connect with Eric today to get started with your home purchase!

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    Listing provided by RMLS, courtesy of Douglas Miller.
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.