An amazing duplex with premium finishes you won't normally find in a multi-family. Use as a quality rental, owner occupied, multi-generation, or rent a unit short/long term. It would make a great Airbnb. Kitchens, baths, and boilers in both units updated. Mini-split AC in both living rooms. Hardwood floors and natural woodwork throughout. 3rd newer bathroom in basement could be dedicated to one unit. Extra finished space in basement also for exercise, office, etc. Two sets of washer/dryers in basement for separate laundry. A two car garage and fenced in yard top off this wonderful property. Located on bus line, near parks, trails, lakes, Minnehaha Crk., and a bustling S. Mpls. Whether an investor or owner occupied, you'll be proud to own this great duplex.
Closed
$525,000
3921 Cedar Ave S, Minneapolis, MN 55407
4beds
3baths
2,758sqft
Multi Family
Built in 1928
-- sqft lot
$535,900 Zestimate®
$190/sqft
$1,863 Estimated rent
Home value
$535,900
$488,000 - $589,000
$1,863/mo
Zestimate® history
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$3,298/mo
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Zillow last checked:
Listing updated:
Listed by:
John Thompson 651-592-5821,
RE/MAX Results
Bought with:
Nathan Dawit
RES Realty
Source: NorthstarMLS as distributed by MLS GRID,MLS#: 6629298
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
Heating
- Boiler, Ductless Mini-Split, Hot Water, Radiator
Appliances
- Laundry: In Basement
Features
- Basement: Block,Egress Window(s),Partially Finished
Interior area
- Total structure area: 2,758
- Total interior livable area: 2,758 sqft
- Finished area above ground: 2,245
- Finished area below ground: 513
Property
Parking
- Total spaces: 2
- Parking features: Detached Garage
- Garage spaces: 2
- Details: Garage Dimensions (21x20)
Accessibility
- Accessibility features: None
Features
- Levels: Two
- Patio & porch: Patio
- Fencing: Partial,Wood
Lot
- Size: 4,791 Square Feet
Details
- Foundation area: 1125
- Parcel number: 1202824220140
- Zoning description: Residential-Multi-Family
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Roof: Age Over 8 Years,Asphalt
Condition
- New construction: No
- Year built: 1928
Utilities & green energy
- Electric: Circuit Breakers, 200+ Amp Service
- Gas: Electric, Natural Gas
- Sewer: City Sewer/Connected
- Water: City Water/Connected
Community & HOA
Community
- Subdivision: Cedar Ave Heights 3rd Add
HOA
- Amenities included: Laundry
Location
- Region: Minneapolis
Financial & listing details
- Price per square foot: $190/sqft
- Tax assessed value: $435,800
- Annual tax amount: $6,109
- Date on market: 11/9/2024
- Cumulative days on market: 40 days
- Tenant pays: All Utilities
Price history
| Date | Event | Price |
|---|---|---|
| 1/24/2025 | Sold | $525,000$190/sqft |
Source:  NorthstarMLS as distributed by MLS GRID #6629298 Report a problem | ||
| 12/21/2024 | Pending sale | $525,000$190/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6629298 Report a problem | ||
| 11/11/2024 | Listed for sale | $525,000+5%$190/sqft |
Source: NorthstarMLS as distributed by MLS GRID #6629298 Report a problem | ||
| 8/31/2020 | Sold | $499,900$181/sqft |
Source: NorthstarMLS as distributed by MLS GRID #5614102 Report a problem | ||
| 7/2/2020 | Listed for sale | $499,900+152.5%$181/sqft |
Source: Redfin Corporation #5614102 Report a problem | ||
| 12/31/2014 | Sold | $198,000-7.9%$72/sqft |
Source:  Lake Superior Area Realtors as distributed by MLS GRID #2252461 Report a problem | ||
| 11/12/2014 | Listed for sale | $214,900-17.4%$78/sqft |
Source: Bjorklund Realty, Inc. #4543760 Report a problem | ||
| 8/7/2013 | Sold | $260,278-1.8%$94/sqft |
Source: Public Record Report a problem | ||
| 8/13/2007 | Sold | $265,000$96/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $6,590 +7.9% | $435,800 -3.2% |
| 2024 | $6,110 +0.2% | $450,000 -4.1% |
| 2023 | $6,097 +2.3% | $469,000 +1.1% |
| 2022 | $5,958 +20.2% | $464,000 +7.9% |
| 2021 | $4,959 +0.4% | $430,000 +15.1% |
| 2020 | $4,940 -0.4% | $373,500 +7.9% |
| 2019 | $4,959 +0.4% | $346,000 +5% |
| 2018 | $4,940 +19% | $329,500 +26.7% |
| 2017 | $4,153 +8.8% | $260,000 +14.8% |
| 2016 | $3,818 +13.4% | $226,500 +13.8% |
| 2015 | $3,366 -39.4% | $199,000 +15% |
| 2014 | $5,552 +98.8% | $173,000 |
| 2013 | $2,792 -6.6% | $173,000 -7.5% |
| 2012 | $2,989 -10.1% | $187,000 -10.3% |
| 2011 | $3,324 +2.4% | $208,500 -10% |
| 2010 | $3,246 -1.2% | $231,700 |
| 2009 | $3,284 +4.2% | $231,700 -0.1% |
| 2006 | $3,151 +10.7% | $232,000 +15% |
| 2005 | $2,847 +19.5% | $201,800 +24.9% |
| 2004 | $2,382 +21.3% | $161,600 +20.1% |
| 2002 | $1,963 -47.2% | $134,600 |
| 2001 | $3,719 | -- |
Find assessor info on the county website
Neighborhood: Bancroft
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Nearby schools
GreatSchools rating
- 6/10Bancroft Elementary SchoolGrades: PK-5Distance: 0.2 mi
- NAAndersen CommunityGrades: PK-8Distance: 1.5 mi
- 6/10South Senior High SchoolGrades: 9-12Distance: 1 mi
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Estimated market value
$535,900
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Estimated market value
$535,900
- Minnesota
- Hennepin County
- Minneapolis
- 55407
- Bancroft
- 3921 Cedar Ave S
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