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Off market
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  • $494,800

    523 Cedar Ave S, Minneapolis, MN 55454

    3beds
    1baths
    1,000sqft
    Apartment
    Built in 1901
    -- sqft lot
    $494,800 Zestimate®
    $495/sqft
    $1,802 Estimated rent

    Home value

    $494,800

    $426,000 - $569,000

    $1,802/mo

    Zestimate® history
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    What's special

    Available March 1st, April 1st or May 1st. Please read entire ad to make sure you qualify. Clean 3 bedroom plus office on the West Bank above a restaurant on the corner of Cedar Ave S and 6th St S in the Cedar-Riverside (West Bank) neighborhood. This apartment is 2 blocks from the light rail station Cedar-Riverside, 2 blocks from Augsburg campus and 3 blocks from the University of Minnesota West Bank Campus. IF IT IS POSTED IT IS AVAILABLE. Please read the entire ad including instructions on how to respond- I will not respond to ads only asking if it is available. Thank you in advance for your attention! Tenants must have excellent landlord references that can be verified and earn income 3x rent amount or have a demonstrated history of paying similar rent. Up to 2 parking spaces are included behind the building (one car has to park behind the other). There are 2 smaller bedrooms (7.5' x 14' each with a 2'x6' closet) one larger bedroom (12'x12' with a 2' x 6' closet) living room (12'x12'), an office (7.5' x 9'), kitchen and bathroom. Apartment has a large skylight that provides great light. This is on a busy street but has updated windows so street noise is not as noticeable. The Cedar Riverside neighborhood has many restaurants and bars and can be loud, busy, high traffic. The building is old but the apartment is clean, updated and well-maintained. Rent is $1500/month plus heat/elec. Utils: The current budget plan for gas (Centerpoint) is $65/month. The furnace is a gas furnace. The current budget plan for electricity (Xcel) is $188/month with a high of $244 in summer months when AC is running. The stove and water heater are electric. Your budget may higher or lower depending on your usage. FAQ Apt has a dishwasher no laundry on site cats ok, no dogs. I get a lot of junk messages, so please write me a short introduction verifying that you have excellent rental references, make at least 3X the rental amount or have demonstrated a history paying similar rent amount, are familiar with the Cedar Riverside neighborhood and and let me know what your showing availability is. Tenant pays gas and electric. Tenant responsible for shoveling out parking spot in winter.

    This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 3
    • Bathrooms: 1
    Heating
    • Forced air
    Cooling
    • None
    Appliances
    • Laundry: None
    Features
    • Flooring: Hardwood
    • Basement: Partially finished
    Interior area
    • Total interior livable area: 1,000 sqft

    Property

    Parking
    • Parking features: Off-street
    Features
    • Exterior features: Wood
    Lot
    • Size: 6,975 Square Feet
    Details
    • Parcel number: 2502924320612

    Construction

    Type & style
    • Home type: Apartment
    Materials
    • Frame
    • Roof: Other
    Condition
    • Year built: 1901

    Community & HOA

    Location
    • Region: Minneapolis

    Financial & listing details

    • Price per square foot: $495/sqft
    • Tax assessed value: $591,000
    • Annual tax amount: $14,732

    Price history

    DateEventPrice
    2/15/2023Listing removed--
    Source: Zillow Rentals Report a problem
    1/11/2023Listed for rent$1,500+7.1%$2/sqft
    Source: Zillow Rentals Report a problem
    2/26/2021Listing removed--
    Source: Owner Report a problem
    10/1/2020Listing removed$1,400$1/sqft
    Source: Owner Report a problem
    9/24/2020Listed for rent$1,400$1/sqft
    Source: Owner Report a problem
    7/29/2002Sold$175,100$175/sqft
    Source: Public Record Report a problem

    Public tax history

    YearProperty taxesTax assessment
    2025$14,732 +28.3%$591,000 +2.1%
    2024$11,485 +7.7%$579,000 +15.7%
    2023$10,666 +0.3%$500,500 +10%
    2022$10,634 +1.6%$455,000 +6.6%
    2021$10,465 +1.2%$427,000 +185.6%
    2020$10,336 -1.2%$149,500 +7%
    2019$10,465 +1.2%$139,700 +5%
    2018$10,336 +8%$133,000 -60.3%
    2017$9,571 +2.1%$335,000 +6.3%
    2016$9,377 +3.8%$315,000
    2015$9,031 -5%$315,000
    2014$9,505 -6.6%$315,000 -24.1%
    2009$10,178 +16.3%$415,000 +21.6%
    2006$8,754 +7.8%$341,300 +13.7%
    2005$8,119 -21.2%$300,200 -10.6%
    2004$10,304 +7.5%$335,700 +9.1%
    2002$9,587 -26.6%$307,700
    2001$13,059 --
    Find assessor info on the county website

    Neighborhood: Cedar-Riverside

    Nearby schools

    GreatSchools rating
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    Estimated market value
    $494,800
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    Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
    Estimated market value
    $494,800