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Off market
  • $443,400

    2545 Cedar Ave S, Minneapolis, MN 55404

    6beds
    3,200sqft
    MultiFamily
    Built in 1912
    -- sqft lot
    $443,400 Zestimate®
    $139/sqft
    $1,895 Estimated rent

    Home value

    $443,400

    $417,000 - $470,000

    $1,895/mo

    Zestimate® history
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    $2,785/mo

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    What's special

    A MUST SEE up/down duplex in South MPLS on a large double lot! Original hardwood floors, charming built ins, and spacious units with a lot of natural sunlight. This property has been well maintained and definitely shows pride in ownership. High demand area close to light rail, colleges, restaurants and short drive to downtown MPLS & Downtown St. Paul. Tenants in both units as this property has never been vacant! Split HEAT/ELECTRIC, paid by tenants. Great option for an investor looking to add major cash flow to their portfolio. Both large 3bed/1bath units and the upstairs unit has two additional bonus spaces. Property also offers a two stall garage and coin-operated laundry on site. Value add opportunities with adding a potential 3rd unit, or additional bedroom, in the basement and the potential to split the double lot and sell or develop the new lot.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 6
    • Bathrooms: 2
    • Full bathrooms: 2
    Heating
    • Other, Oil
    Cooling
    • Other
    Appliances
    • Included: Range / Oven, Refrigerator
    Features
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 3,200 sqft

    Property

    Parking
    • Total spaces: 2
    • Parking features: Garage - Detached
    Features
    • Exterior features: Stucco, Wood
    Lot
    • Size: 10,454 sqft
    Details
    • Parcel number: 3602924230033
    • Zoning: Residential-Multi-Family

    Construction

    Type & style
    • Home type: MultiFamily
    Materials
    • Wood
    • Roof: Asphalt
    Condition
    • Year built: 1912

    Utilities & green energy

    • Sewer: City Sewer/Connected

    Community & neighborhood

    Location
    • Region: Minneapolis

    Other

    Other facts
    • PRESENTUSE: Yearly
    • STATUS: Pending
    • ZONING: Residential-Multi-Family
    • BASEMENT: Full
    • CONSTRUCTIONSTATUS: Previously Owned
    • GARAGEDESCRIPTION: Detached Garage, Driveway - Concrete
    • FRONTAGEFEET: City
    • ROOF: Asphalt Shingles
    • FUEL: Natural Gas
    • SEWER: City Sewer/Connected
    • WATER: City Water/Connected
    • EXTERIOR: Wood, Stucco
    • HEATINGDESCRIPTION: Hot Water, Boiler
    • FENCE: Full, Chain Link
    • SHAREDROOMS: Other
    • STYLE: (MF) Duplex Up and Down
    • AMENITIESSHARED: Coin-op Laundry Owned
    • DAYSONMARKETCUMULATIVE: 55
    • DAYSONMARKET: 32
    • TAXYEAR: 2020.00
    • OFFMARKETDATE: 2021-01-11T09:58:34

    Price history

    DateEventPrice
    3/4/2021Sold$403,000+3.3%$126/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5691559 Report a problem
    1/11/2021Pending sale$390,000$122/sqft
    Source: NorthstarMLS as distributed by MLS GRID #5691559 Report a problem
    12/10/2020Listed for sale$390,000-2.3%$122/sqft
    Source: RE/MAX Results #5691559 Report a problem
    4/13/2020Listing removed$399,000$125/sqft
    Source: RE/MAX Results #5505680 Report a problem
    3/13/2020Listed for sale$399,000+45.1%$125/sqft
    Source: RE/MAX Results #5505680 Report a problem
    7/24/2015Listing removed$275,000$86/sqft
    Source: RE/MAX Results #4604519 Report a problem
    7/24/2015Listed for sale$275,000+5%$86/sqft
    Source: RE/MAX Results #4604519 Report a problem
    7/23/2015Sold$262,000-4.7%$82/sqft
    Source: NorthstarMLS as distributed by MLS GRID #4604519 Report a problem
    6/23/2015Pending sale$275,000$86/sqft
    Source: RE/MAX Results #4604519 Report a problem
    5/30/2015Listed for sale$275,000-1.8%$86/sqft
    Source: RE/MAX Results #4604519 Report a problem
    11/20/2014Listing removed$279,900$87/sqft
    Source: RE/MAX Results #4489429 Report a problem
    6/28/2014Price change$279,900-6.7%$87/sqft
    Source: RE/MAX Results #4489429 Report a problem
    6/6/2014Listed for sale$299,900$94/sqft
    Source: RE/MAX Results #4489429 Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$6,857 +14%$384,800 +2.3%
    2024$6,014 -0.4%$376,000
    2023$6,038 +6.1%$376,000 +0.3%
    2022$5,691 -0.6%$375,000 +11.9%
    2021$5,723 +0.6%$335,000
    2020$5,691 -0.6%$335,000 +4%
    2019$5,723 +0.6%$322,000 +17.9%
    2018$5,691 +35.2%$273,000 +29.4%
    2017$4,209 +6.4%$211,000 +9.3%
    2016$3,955 +6%$193,000 +14.9%
    2015$3,733 +9.5%$168,000 +10.2%
    2014$3,409 +7%$152,500 +5.2%
    2013$3,185 -14.1%$145,000 -16.4%
    2012$3,709 -0.3%$173,500 -4.9%
    2011$3,721 +3%$182,500 -10.1%
    2010$3,613 -17.7%$203,000 -15.1%
    2009$4,391 +59.6%$239,000 +51.6%
    2006$2,751 +19.1%$157,700 +25.6%
    2005$2,310 +17%$125,600 +25.9%
    2004$1,974 +16.6%$99,800 +18.5%
    2002$1,693 -51.9%$84,200
    2001$3,524 --

    Find assessor info on the county website

    Neighborhood: East Phillips

    Nearby schools

    GreatSchools rating
    Schools provided by the listing agent
    • District: Minneapolis

    Source: The MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.

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    Estimated market value
    $443,400
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $443,400