Maintained Triplex with
For Sale
$399,900
Pending
3241 Cedar Avenue S, Minneapolis, MN 55407
Residential Income, Minneapolis, MN
Property Size3,000 SF
Lot Size0.14 Acres
Days on Market119
Property Features for 3241 Cedar Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Triplex
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bedroom 2, Bedroom 5, Bedroom 1, Bedroom 4, Bathroom 3, Basement, Bedroom 3, Bathroom 2
Parking features
Driveway, Garage - Detached
Exterior features
Stucco
Subdivision
Minnehaha Add
Lot features
Tree Coverage - Light
High school district
Minneapolis
Directions
From Hwy 55, go south on Cedar ave. property is on the left hand side between 31st st and 32nd st
Standard status
Pending
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
Baseboard, Oil
Amenities
backyard
patio
partially finished basement
flex room
workshop
Building Details
Year built
1898
Building materials
Concrete
Roof type
Shingle, Flat
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 484-8800
Listed By:
Kent Hranicka
(952) 829-2900
Added: Jun 3
Changed: Sep 24
Last Checked: Sep 29 at 8:06AM
MLS# 7083267
Copyright © 2026 Northstar MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 3,000-square-foot triplex, built in 1898, contains three fully occupied units that have been maintained for continued occupancy. The property includes a partially finished full basement, three bathrooms, multiple bedrooms, baseboard and oil heating, stucco exterior construction, and a combination flat and shingle roof. The front unit adjacent to the street is licensed as an accessory dwelling unit.
Set on 0.14 acres, the property provides an enclosed backyard with a patio, plus a 12-by-12 flex room and an attached workshop at the detached garage. Parking is available through the driveway and garage. The property is eligible for FHA loan assumption for an owner-occupant, subject to applicable lender requirements.
Set on 0.14 acres, the property provides an enclosed backyard with a patio, plus a 12-by-12 flex room and an attached workshop at the detached garage. Parking is available through the driveway and garage. The property is eligible for FHA loan assumption for an owner-occupant, subject to applicable lender requirements.
Key Highlights
- Three‑unit property is fully occupied
- 3,000 square feet on a 0.14‑acre lot
- Built in 1898 with stucco exterior and concrete construction
Property Analytics
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Current Use
Lease Details
3
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,308
Businesses Nearby
Explore this area
Business Placement
Demographics for 55407, MN
38,506
Population
15,979
Households
2.4
Avg Household Size
34
Median Age
48%
College-Educated
85%
High-School Grad
4.0 sq mi
ZIP Area
9,627
Density / Sq Mi
$78,206
Median Household Income
$46,388
Median Earnings
$1,219
Median Rent
$317,000
Median Home Value
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Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Triplex - Fully occupied three-unit property with enclosed outdoor space, detached garage, and an accessory dwelling unit license.
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: Three‑unit property is fully occupied; 3,000 square feet on a 0.14‑acre lot; Built in 1898 with stucco exterior and concrete construction
