Off market

Tax assessed value

$498,100

3428 Cedar Ave S, Minneapolis, MN 55407

5beds

2,320sqft

SingleFamily

Built in 2013

5,662 Square Feet Lot

$-- Zestimate^®

$215/sqft

$3,068 Estimated rent

Home value

Not available

Estimated sales range

Not available

$3,068/mo

Zestimate^® history

Owner options

List your home for rent

$3,068/mo

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$3,068/mo

Rent Zestimate^®

Refinance and save

$3,396/mo

Est. payment

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$3,396/mo

Est. payment

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What's special

Newer constructionFinished basement

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

This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.

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

Year built: 2013

Community & HOA

Location

Region: Minneapolis

Financial & listing details

Price per square foot: $215/sqft
Tax assessed value: $498,100
Annual tax amount: $10,319

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
2026	$10,319 +3.7%	$498,100 +2.9%
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	--