Turn-key Investment Residential Property - 3428 Cedar Ave S, Minneapolis, MN 55407
Prime South Minneapolis location just minutes from Uptown, Downtown, and easy access to the western metro. This is a rare opportunity to own a
cash-flowing rental from day one.
Property Highlights:
- Built in 2013 - newer construction, lower maintenance
- 5 bedrooms / 4 bathrooms
- Finished basement
- Strong South Minneapolis neighborhood
Investment Highlights:
- Current rent: $3,000/month ($36,000/year)
- Lease in place: May 2025 – May 2028** (long-term stability)
- Reliable tenants - consistent on-time payments
- No vacancy period - income starts immediately at closing
For sale by owner
$525,000
3428 Cedar Ave S, Minneapolis, MN 55407
5beds
2,320sqft
SingleFamily
Built in 2013
5,662 Square Feet Lot
$-- Zestimate®
$226/sqft
$-- HOA
What's special
Newer constructionFinished basement
- 73 days
- 277
- 3
Listed by:
Property Owner (206) 669-9040
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced air
Cooling
- None
Features
- Basement: Partially finished
Interior area
- Total interior livable area: 2,320 sqft
Property
Parking
- Total spaces: 2
- Parking features: None
Features
- Exterior features: Vinyl
Lot
- Size: 5,662 Square Feet
Details
- Parcel number: 0202824410126
Construction
Type & style
- Home type: SingleFamily
Materials
- Wood
- Roof: Asphalt
Condition
- New construction: No
- Year built: 2013
Community & HOA
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $226/sqft
- Tax assessed value: $484,000
- Annual tax amount: $9,951
- Date on market: 6/19/2026
Estimated market value
Not available
Estimated sales range
Not available
$3,587/mo
Price history
| Date | Event | Price |
|---|---|---|
| 7/31/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/28/2023 | Listed for rent | $2,395$1/sqft |
Source: Zillow Rentals Report a problem | ||
| 3/31/2017 | Sold | $296,625+24.1%$128/sqft |
Source: Public Record Report a problem | ||
| 11/8/2013 | Sold | $239,000-4.4%$103/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2111878 Report a problem | ||
| 3/28/2013 | Listed for sale | $249,900+1149.5%$108/sqft |
Source: Lakes Area Realty of Howard Lake #4348944 Report a problem | ||
| 5/22/2009 | Sold | $20,000-60%$9/sqft |
Source: Lake Superior Area Realtors as distributed by MLS GRID #1686696 Report a problem | ||
| 1/5/2009 | Listing removed | $50,000$22/sqft |
Source: foreclosure.com Report a problem | ||
| 12/22/2008 | Listed for sale | $50,000$22/sqft |
Source: foreclosure.com Report a problem | ||
| 11/8/2008 | Listing removed | $50,000$22/sqft |
Source: foreclosure.com Report a problem | ||
| 8/26/2008 | Price change | $50,000-59.5%$22/sqft |
Source: foreclosure.com Report a problem | ||
| 7/20/2008 | Price change | $123,500-5%$53/sqft |
Source: foreclosure.com Report a problem | ||
| 7/3/2008 | Listed for sale | $130,000-41.7%$56/sqft |
Source: foreclosure.com Report a problem | ||
| 12/6/2002 | Sold | $222,800+48.5%$96/sqft |
Source: Public Record Report a problem | ||
| 6/19/2002 | Sold | $150,000+105.2%$65/sqft |
Source: Public Record Report a problem | ||
| 7/26/1999 | Sold | $73,100$32/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $9,951 +40.2% | $484,000 +10% |
| 2024 | $7,097 +15% | $440,000 +3.3% |
| 2023 | $6,172 +16.6% | $426,000 +4.9% |
| 2022 | $5,293 +4.5% | $406,000 +6.3% |
| 2021 | $5,068 -0.8% | $382,000 +10.1% |
| 2020 | $5,110 +0.8% | $347,000 +2.1% |
| 2019 | $5,068 -0.8% | $340,000 +10% |
| 2018 | $5,110 +22.3% | $309,000 +28.7% |
| 2017 | $4,178 +13.2% | $240,000 +6.7% |
| 2016 | $3,692 +10.5% | $225,000 |
| 2015 | $3,341 -4.7% | $225,000 +918.1% |
| 2014 | $3,504 | $22,100 |
| 2013 | -- | -- |
| 2012 | -- | -- |
| 2011 | -- | -- |
| 2010 | -- | -- |
| 2009 | $3,461 +14.8% | $193,100 +10.7% |
| 2006 | $3,015 +10.5% | $174,400 +16.5% |
| 2005 | $2,729 +60.3% | $149,700 +21.1% |
| 2004 | $1,703 +53.3% | $123,600 +41.9% |
| 2002 | $1,111 -69.7% | $87,100 |
| 2001 | $3,668 | -- |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Powderhorn Park
Nearby schools
Schools provided by the listing agent
- District: 1 - 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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