Fully rented, well maintained & performing 4-plex in high demand, Powderhorn Park - just a block from Matt's! Separately metered gas & electric. 4 x 1 br units - 12 month leases; Rents - Unit 1: $1,000; Unit 2: $1,075; Unit 3: $1,095; Unit 4: $1,050. Windows replaced 2009. Glass block basement windows replaced 2017. 4 off-street parking spaces behind building as well as shaded patio area. 2 coin-op laundry in basement. 5 newer water heaters and 2 newer boilers. 2 large storage units per apt. Great opportunity for investor or owner-occ!
Closed
$515,000
3644 Cedar Ave S, Minneapolis, MN 55407
4beds
4baths
4,500sqft
Fourplex
Built in 1927
-- sqft lot
$511,900 Zestimate®
$114/sqft
$1,831 Estimated rent
Home value
$511,900
$445,000 - $578,000
$1,831/mo
Zestimate® history
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Shaded patio area
Zillow last checked:
Listing updated:
Listed by:
Reid Lenz 712-330-2138,
Verde Real Estate Group,
Jeremy Pekarek 320-260-0236
Bought with:
Mohamed Abdulle
Northstar Real Estate Associates
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6643930
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 4
Heating
- Hot Water
Appliances
- Laundry: In Basement, Common Area, Laundry Room, Coin-op Laundry Owned
Features
- Basement: Block,Storage/Locker,Storage Space,Unfinished
Interior area
- Total structure area: 4,500
- Total interior livable area: 4,500 sqft
- Finished area above ground: 3,000
- Finished area below ground: 0
Property
Parking
- Parking features: Asphalt
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Covered, Front Porch, Rear Porch
- Pool features: None
- Fencing: Chain Link,Partial
Lot
- Size: 5,227 Square Feet
- Dimensions: 40 x 123
- Features: Tree Coverage - Light
- Topography: Level
Details
- Foundation area: 1500
- Parcel number: 0202824440011
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Fourplex
Materials
- Block, Concrete, Frame, Stone
- Roof: Age 8 Years or Less,Flat
Condition
- New construction: No
- Year built: 1927
Utilities & green energy
- Electric: 100 Amp Service
- Gas: Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Bidlemans Add
HOA
- Amenities included: Laundry, Coin-op Laundry Owned, Lobby Entrance, Patio, Security Building
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $114/sqft
- Tax assessed value: $485,000
- Annual tax amount: $6,739
- Date on market: 1/2/2025
- Cumulative days on market: 367 days
- Tenant pays: Electricity, Fuel, Gas
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 3/28/2025 | Sold | $515,000-6.3%$114/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6643930 Report a problem | ||
| 3/5/2025 | Pending sale | $549,900$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6643930 Report a problem | ||
| 3/2/2025 | Listing removed | $549,900$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6643930 Report a problem | ||
| 1/2/2025 | Listed for sale | $549,900$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6643930 Report a problem | ||
| 12/11/2024 | Listing removed | $549,900$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6608030 Report a problem | ||
| 12/4/2024 | Listed for sale | $549,900$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6608030 Report a problem | ||
| 10/26/2024 | Listing removed | $549,900$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6608030 Report a problem | ||
| 9/25/2024 | Listed for sale | $549,900-3.5%$122/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6608030 Report a problem | ||
| 8/13/2024 | Listing removed | $569,900$127/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6583813 Report a problem | ||
| 8/9/2024 | Listed for sale | $569,900-1.6%$127/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6583813 Report a problem | ||
| 6/22/2024 | Listing removed | -- |
Source: NorthstarMLS as distributed by MLS GRID #6468128 Report a problem | ||
| 4/11/2024 | Price change | $579,000-3.3%$129/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6468128 Report a problem | ||
| 3/14/2024 | Price change | $599,000-4.2%$133/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6468128 Report a problem | ||
| 12/21/2023 | Listed for sale | $625,000+47.1%$139/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6468128 Report a problem | ||
| 8/8/2017 | Sold | $425,000+145.2%$94/sqft |
Source: NorthstarMLS as distributed by MLS GRID #4853202 Report a problem | ||
| 11/14/2008 | Sold | $173,350-47.5%$39/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #1686931 Report a problem | ||
| 8/27/2004 | Sold | $330,000+13.8%$73/sqft |
Source: Public Record Report a problem | ||
| 10/31/2002 | Sold | $290,000+167.3%$64/sqft |
Source: Public Record Report a problem | ||
| 1/14/1997 | Sold | $108,500$24/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $8,816 +30.8% | $485,000 |
| 2024 | $6,739 -0.8% | $485,000 +1.9% |
| 2023 | $6,792 +3.3% | $476,000 -0.1% |
| 2022 | $6,574 +0.7% | $476,300 +23.1% |
| 2021 | $6,526 +1.8% | $387,000 -3% |
| 2020 | $6,411 -1.8% | $399,000 +10.1% |
| 2019 | $6,526 +1.8% | $362,500 +12.1% |
| 2018 | $6,411 +27.6% | $323,500 +27.6% |
| 2017 | $5,025 +5.8% | $253,500 +5% |
| 2016 | $4,750 +1.9% | $241,500 +15% |
| 2015 | $4,664 +9.7% | $210,000 +13.5% |
| 2014 | $4,250 +4.9% | $185,000 |
| 2013 | $4,050 -5.8% | $185,000 -8.4% |
| 2012 | $4,300 -0.3% | $202,000 -4.9% |
| 2011 | $4,314 -2.8% | $212,500 -15% |
| 2010 | $4,437 -16.8% | $250,000 -16% |
| 2009 | $5,331 +13.4% | $297,500 -2.6% |
| 2006 | $4,702 -2.3% | $305,500 +3% |
| 2005 | $4,814 -17% | $296,500 +1.9% |
| 2004 | $5,796 +7.5% | $291,000 +29.9% |
| 2002 | $5,393 +6.3% | $224,000 |
| 2001 | $5,072 | -- |
Find assessor info on the county website
Neighborhood: Powderhorn Park
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Nearby schools
GreatSchools rating
- 6/10Bancroft Elementary SchoolGrades: PK-5Distance: 0.4 mi
- NAAndersen CommunityGrades: PK-8Distance: 1.3 mi
- 6/10South Senior High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$511,900
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Estimated market value
$511,900
- Minnesota
- Hennepin County
- Minneapolis
- 55407
- Powderhorn Park
- 3644 Cedar Ave S
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