3241 S Cedar Avenue
Minneapolis, MN 55407
MLS #4889535

Multi-Family
  • 3units
  • 5beds
  • 0.15acres
  • 3,800sq ft
$399,900
Est. P&I payment: $1527.35/mo
3241 S Cedar Avenue, Minneapolis, MN 55407
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Description for 3241 S Cedar Avenue, Minneapolis, MN 55407
True triplex, zoned and licensed for 3 dwellings. All three units are rented, 2 w/leases through 8/2018 and upper unit through May 2018. Convenient to everything and public transportation. Spacious heated workroom off garage, Freestanding heated storage shed and off street parking in addition to a large 2 car garage. Fenced back and side lot. Numerous updates and very well maintained property. Enjoy!
MLS #4889535
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My Notes for MLS #4889535

General Features

  • Propery Type: MF
  • Total Number of Units: 3
  • Year Built: 1898
  • Acres: 0.15
  • Foreclosure Status: No
  • Lender Owned: No
  • Lot Description: Tree Coverage - Medium
  • Lot Dimensions: 50x125
  • Status: Active
  • Style: (MF) Other

Exterior Features

  • Exterior: Wood,​Stucco
  • Fencing: Wood
  • Road Frontage: City,​County,​Paved Streets,​Curbs
  • Parking Characteristics: Detached Garage,​Driveway - Asphalt
  • Garage Stalls: 2
  • Roof: Asphalt Shingles,​Flat

Interior Features

  • Total Finished Square Footage: 3,800
  • Handicap Accessible: None
  • Basement: Full,​Partial,​Stone
  • Above Ground Finished SqFt: 3,000
  • Below Ground Finished SqFt: 800
  • Unit 1 Amenities: Washer/Dryer Hookup
  • Unit 1 B1 Dimensions: 12x11
  • Unit 1 B1 Level: Main (Ground)
  • Unit 1 B2 Dimensions: 11x10
  • Unit 1 B2 Level: Main (Ground)
  • Unit 1 Bath Characteristics: Main Floor Full Bath
  • Unit 1 Bath Full: 1
  • Unit 1 Half Bath: 1
  • Unit 1 Total Baths: 2
  • Unit 1 Bedrooms: 2
  • Unit 1 Dining Room: Eat In Kitchen
  • UNIT1_Ex-1 Dimensions: 22x22
  • UNIT1_Ex-1 Level: Lower
  • Unit 1 Ex-1 Name: Family Room
  • Unit 1 Total Expenses: 409
  • Unit 1 Family Rm Characteristics: Lower Level
  • Unit 1 Kitchen Dimensions: 18x11
  • Unit 1 Kitchen Level: Main (Ground)
  • Unit 1 Living Room Dimensions: 22x14
  • Unit 1 Living Room Level: Main (Ground)
  • Unit 1 Number of Units: 1
  • Unit 1 Parking Spaces: 1
  • Unit 1 Total Rooms: 5
  • Unit 1 Finished Square Footage: 1,050
  • Unit 2 Amenities: Deck,​Washer/Dryer Hookup
  • Unit 2 Bedroom 1 Dimensions: 15x13
  • Unit 2 Bedrrom 1 Level: Upper
  • Unit 2 Bedroom 2 Level: 12x9
  • Unit 2 Bedrrom 2 Level: Upper
  • Unit 2 Bath Characteristics: Main Floor 3/4 Bath
  • Unit 2 Full Bath: 1
  • Unit 2 Total Baths: 1
  • Unit 2 Number of Bedrooms: 2
  • Unit 2 Dining Room: Eat In Kitchen
  • Unit 2 Ex-1 Dimensions: 13x11
  • Unit 2 Ex-1 Level: Main (Ground)
  • Unit 2 Ex-1 Name: Storage Room
  • Unit 2 Kitchen Dimensions: 13x12
  • Unit 2 Kitchen Level: Upper
  • Unit 2 Living Room Dimensions: 13x12
  • Unit 2 Living Room Level: Upper
  • Unit 2 Number of Units: 1
  • Unit 2 Parking Spaces: 1
  • Unit 2 Total Rooms: 5
  • Unit 2 Finished Square Footage: 1,050
  • Unit 3 Bedroom 1 Dimensions: 17x15
  • Unit 3 Bedroom 1 Level: Main (Ground)
  • Unit 3 3QTR Bath: 1
  • Unit 3 Total Baths: 1
  • Unit 3 Bedrooms: 1
  • Unit 3 Dining Room: Living/Dining Room
  • Unit 3 Living Room Dimensions: 22x14
  • Unit 3 Living Room Level: Main (Ground)
  • Unit 3 Number of Units: 1
  • Unit 3 Other Parking Spaces: 1
  • Unit 3 Total Rooms: 3

Utilities Features

  • Water: City Water/Connected
  • Fuel: Natural Gas,​Electric
  • Heating: Hot Water
  • Unit 1 Appliances: Range,​Exhaust Fan/Hood,​Dishwasher,​Refrigerator
  • Unit 1 Air: Wall
  • Unit 2 Appliances: Range,​Refrigerator
  • Unit 3 Appliances: Range,​Refrigerator,​Freezer,​Washer
  • Unit 3 Air: None
  • Number of Ranges: Three
  • Number of Refrigerators: Three
  • Sewer: City Sewer/Connected

Financial Features

  • Annual rent: 14,400
  • Annual Gross Income: 39,600
  • Annual Caretaker Expense: 1,000
  • Annual Electric Expense: 2,702
  • Annual Fuel Expense: 1,872
  • Annual Insurance Expense: 2,540
  • Annual Maintenance Expense: 900
  • Annual Gross Expense: 16,420
  • Total Annual Expenses: 1
  • Annual Water/Sewer Expense: 2,235
  • Unit 1 Monthly Rent: 1,200
  • Unit 2 Total Expenses: 409
  • Unit 2 Monthly Rent: 1,200
  • Unit 3 Annual Rent: 10,800
  • Unit 3 Total Expenses: 409
  • Unit 3 Monthly Rent: 900
  • Tax Amount: 5,053
  • Tax With Assessments: 5,053
  • Tax Year: 2017
  • Tenant Expenses: Cable T.V.

Community Features

  • Municipality: Minneapolis
  • County: Hennepin
  • Neighborhood: Corcoran
  • Postal City: Minneapolis (MN)

School Features

  • School District: 1 - Minneapolis
  • School District Phone: 612-668-0000

Misc Features

  • Construction Status: Previously Owned
  • Foundation Size: 1,050
  • Has Supplements: 1
  • Homestead: No
  • Potential Short Sale: No
  • Zoning: Residential-Multi-Family

Location

 
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Directions to 3241 S Cedar Avenue, Minneapolis, MN 55407
Lake Street to Cedar, south to triplex.
The listing information for 3241 S Cedar Avenue, Minneapolis, MN 55407 was graciously provided by our friends at the listing brokerage, Coldwell Banker Burnet

Get Financing for 3241 S Cedar Avenue, Minneapolis, MN 55407

Waterstone Mortgage Corporation
Josh Hennesy
701 Washington Ave North Ste 525
Minneapolis, MN 55401
612.716.1187 Mobile
612.234.4284 Fax
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P&I Payment $1527.35
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Last Updated 12/13/2017 at 8:38am
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