Triplex with Enclosed Backyard Patio

3241 Cedar Avenue S, Minneapolis, MN 55407

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For Sale

$399,900

MULTI_FAMILY - Minneapolis, MN

Property size:

3,000 SF

Lot size:

0.14 Acres

Price / SF:

$133/SF

HighLights

Triplex built in 1898 with 3 units, all fully occupied
$3,725 gross monthly rents
Front unit adjacent to the street is licensed as an accessory dwelling unit (ADU)
Partially finished full basement plus a 12x12 backyard flex room and attached workshop
Fully enclosed backyard with wooden fence and patio
Detached garage with driveway parking; exterior stucco and concrete construction

We can help!

Contact an agent

Kent Hranicka

For Sale

$399,900

MULTI_FAMILY - Minneapolis, MN

Property size:

3,000 SF

Lot size:

0.14 Acres

Price / SF:

$133/SF

Added:: Jun 3, 2026
Days on Market:: 28
Last Refresh:: Jun 30 at 3:06 am

Property Features for 3241 Cedar Avenue S

General Information

Property type: Residential Multi Family
Property subtype: Other
Bedrooms: 5
Bathrooms: 3
Rooms: Basement, Bathroom 3, Bedroom 3, Bedroom 2, Bathroom 1, Bathroom 2, Bedroom 4, Bedroom 1, Bedroom 5
Parking features: Garage - Detached, Driveway
Exterior features: Stucco
Standard status: Active
APN: 0102824230067
Size: 3,000 SF
Lot size: 0.14 Acres

Taxes and HOA fees

Tax Year: 2026
Tax Annual Amount: 6815

Utilities

Heating system: Oil, Baseboard

Building Details

Year built: 1898
Building materials: Concrete
Roof type: Flat, Shingle

We can help!

Contact an agent

Kent Hranicka

Listing agent Kent Hranicka

Listing office RE/MAX Results 480 West Hwy 96 No. 200 Shoreview, Eden Prairie, MN

Listing date Jun 3, 2026

MLS# 7083267 Listing URL

HighLights

Triplex built in 1898 with 3 units, all fully occupied
$3,725 gross monthly rents
Front unit adjacent to the street is licensed as an accessory dwelling unit (ADU)
Partially finished full basement plus a 12x12 backyard flex room and attached workshop
Fully enclosed backyard with wooden fence and patio
Detached garage with driveway parking; exterior stucco and concrete construction

Overview

This unique triplex offers three units that are fully occupied and presented as rent-ready. The property includes a partially finished full basement, providing additional usable space beyond the main living areas. Outside, there is a peaceful, fully enclosed backyard with a wooden fence and a patio, along with a 12x12 flex room located in the backyard. An attached workshop is also included with the garage, adding practical utility for storage or light projects.

The front unit, which is adjacent to the street, is licensed as an accessory dwelling unit. For owner-occupants, the listing also notes eligibility for an FHA loan assumption. The overall lot size is 0.14 acres, and the building size is listed at 3,000 square feet.

From a tenant and owner-occupant standpoint, the configuration supports straightforward occupancy across three units while allowing an owner to live in one unit and rent the others. The fenced backyard and patio provide a defined outdoor area, and the on-site basement, flex room, and attached workshop add flexibility for everyday needs. Gross monthly rents are reported at $3,725.

Property Profile Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Location Insight

Map
Local Demand

City: Minneapolis
County: Anoka
State: Minnesota
Longitude: -93.246995
Latitude: 44.943195

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For sale
Triplexes
MN
Minneapolis
55407
3241 Cedar Avenue S

What type of property is this?

Triplex - Three fully occupied units plus a fenced backyard with patio, basement space, and flexible outdoor room for adaptable living.

Where is this triplex located?

The property is located at 3241 Cedar Avenue S Minneapolis, MN.

What is the asking price?

The asking price for this property is $399,900.

What are key features of this property?

This property features: Triplex built in 1898 with 3 units, all fully occupied; $3,725 gross monthly rents; Front unit adjacent to the street is licensed as an accessory dwelling unit (ADU)

3241 Cedar Avenue S, Minneapolis, MN 55407

MULTI_FAMILY - Minneapolis, MN

Property Features for 3241 Cedar Avenue S

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Retail and Office Building

Multi-Use Office Building Corner Lot

Duplex with Heated Garage

Well-Maintained Duplex with Updated Systems

Turnkey Multifamily Income Package

Warehouse District Business Condo

Spacious Fourplex with Year-Round Tenants

Updated Duplex with Loft

Well-Maintained Fourplex Residential Income

Updated Historic Fourplex Residence

Well-Maintained Triplex with Garage

Updated NE Minneapolis Triplex

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