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2545 Cedar AVE S Minneapolis, MN 55404
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Key Details
Sold Price $403,000
Property Type Multi-Family
Sub Type Duplex Up and Down
Listing Status Sold
Purchase Type For Sale
Square Footage 3,200 sqft
Price per Sqft $125
Subdivision Auditors Sub 016
MLS Listing ID 5691559
Sold Date 03/04/21
Year Built 1912
Annual Tax Amount $5,683
Tax Year 2020
Contingent None
Lot Size 10,454 Sqft
Lot Dimensions 85x127
Property Sub-Type Duplex Up and Down
Property Description
A MUST SEE up/down duplex in South MPLS on a large double lot! Original hardwood floors, charming built
ins, and spacious units with a lot of natural sunlight. This property has been well maintained and
definitely shows pride in ownership. High demand area close to light rail, colleges, restaurants and
short drive to downtown MPLS & Downtown St. Paul. Tenants in both units as this property has never been
vacant! Split HEAT/ELECTRIC, paid by tenants. Great option for an investor looking to add major cash
flow to their portfolio. Both large 3bed/1bath units and the upstairs unit has two additional bonus
spaces. Property also offers a two stall garage and coin-operated laundry on site. Value add
opportunities with adding a potential 3rd unit, or additional bedroom, in the basement and the potential
to split the double lot and sell or develop the new lot.
Location
State MN
County Hennepin
Zoning Residential-Multi-Family
Rooms
Family Room Other
Basement Full
Interior
Heating Boiler, Hot Water
Fireplace No
Exterior
Parking Features Detached, Concrete
Garage Spaces 2.0
Fence Chain Link, Full
Roof Type Asphalt
Building
Lot Description Public Transit (w/in 6 blks), Corner Lot, Tree Coverage - Medium
Story More Than 2 Stories
Foundation 1292
Sewer City Sewer/Connected
Water City Water/Connected
Level or Stories More Than 2 Stories
Structure Type Stucco,Wood Siding
New Construction false
Schools
School District Minneapolis
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