money maker. 4 apartments with 5 bedrooms EACH -- yes 20 bedrooms in this large 4 plex. rents at $2500/month gives you $10,000 per month income. built in 2002.
Closed
$750,000
2616 Cedar Ave S, Minneapolis, MN 55407
20beds
4baths
6,384sqft
Fourplex
Built in 2002
-- sqft lot
$749,900 Zestimate®
$117/sqft
$1,857 Estimated rent
Home value
$749,900
$697,000 - $802,000
$1,857/mo
Zestimate® history
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$1,857/mo
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$4,755/mo
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Zillow last checked:
Listing updated:
Listed by:
William J Cullen 952-934-0468,
Peritus Real Estate
Bought with:
Ashley Hiniker
Re/Max Advantage Plus
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 7081129
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 20
- Bathrooms: 4
Heating
- Baseboard
Features
- Basement: Crawl Space
Interior area
- Total structure area: 6,384
- Total interior livable area: 6,384 sqft
- Finished area above ground: 6,384
- Finished area below ground: 0
Property
Parking
- Parking features: Parking Lot
Accessibility
- Accessibility features: Partially Wheelchair, Accessible Approach with Ramp
Features
- Levels: Two
Lot
- Size: 6,969 Square Feet
- Dimensions: 57.32 x 123.43
Details
- Foundation area: 6384
- Parcel number: 3502924410057
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Condition
- New construction: No
- Year built: 2002
Utilities & green energy
- Gas: Electric
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Goulds Add
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $117/sqft
- Tax assessed value: $596,000
- Annual tax amount: $11,088
- Date on market: 5/27/2026
- Cumulative days on market: 2 days
- Tenant pays: Electricity, Heat, Hot Water
Price history
| Date | Event | Price |
|---|---|---|
| 6/24/2026 | Sold | $750,000+4.2%$117/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #7081129 Report a problem | ||
| 5/29/2026 | Pending sale | $720,000$113/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7081129 Report a problem | ||
| 5/27/2026 | Listed for sale | $720,000+114.9%$113/sqft |
Source: NorthstarMLS as distributed by MLS GRID #7081129 Report a problem | ||
| 4/16/2014 | Sold | $335,000+19.6%$52/sqft |
Source: Public Record Report a problem | ||
| 4/1/2010 | Sold | $280,000-63.9%$44/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1692426 Report a problem | ||
| 10/8/2002 | Sold | $775,000+3775%$121/sqft |
Source: Public Record Report a problem | ||
| 1/14/2002 | Sold | $20,000$3/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $11,088 +5% | $596,000 -2% |
| 2024 | $10,557 +4.2% | $608,000 -7.9% |
| 2023 | $10,127 +6.1% | $660,000 +4.9% |
| 2022 | $9,547 -1.9% | $629,000 +11.9% |
| 2021 | $9,732 +2.9% | $562,000 |
| 2020 | $9,457 -2.8% | $562,000 +5% |
| 2019 | $9,732 +2.9% | $535,000 -4.1% |
| 2018 | $9,457 +12.7% | $558,000 +36.6% |
| 2017 | $8,389 +9.6% | $408,500 +15.1% |
| 2016 | $7,656 +11.5% | $355,000 +21.4% |
| 2015 | $6,865 +15.7% | $292,500 |
| 2014 | $5,935 -7.6% | $292,500 |
| 2013 | $6,423 -7.5% | $292,500 -10% |
| 2012 | $6,947 -1.3% | $325,000 -5.8% |
| 2011 | $7,035 -26.5% | $345,000 -35.8% |
| 2010 | $9,565 -9% | $537,500 -8% |
| 2009 | $10,508 -1.4% | $584,000 -0.2% |
| 2006 | $10,653 +6.1% | $585,000 +7.1% |
| 2005 | $10,044 +11.6% | $546,000 +20% |
| 2004 | $8,998 +4763.6% | $455,000 +5809.1% |
| 2002 | $185 -60% | $7,700 |
| 2001 | $462 | -- |
Find assessor info on the county website
Neighborhood: East Phillips
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Nearby schools
GreatSchools rating
- NAAndersen CommunityGrades: PK-8Distance: 0.5 mi
- 6/10South Senior High SchoolGrades: 9-12Distance: 0.7 mi
- NAFolwell Arts MagnetGrades: PK-8Distance: 1.2 mi
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Estimated market value
$749,900
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Estimated market value
$749,900
- Minnesota
- Hennepin County
- Minneapolis
- 55407
- East Phillips
- 2616 Cedar Ave S
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