Triplex with Enclosed
For Sale
$399,900
Pending
3241 Cedar Avenue S, Minneapolis, MN 55407
MULTI_FAMILY - Minneapolis, MN
Property Size3,000 SF
Lot Size0.14 Acres
Days on Market73
Property Features for 3241 Cedar Avenue S
General Information
Property type
Residential Multi Family
Property subtype
Other
Zoning description
Residential-Multi-Family
Bedrooms
5
Bathrooms
3
Full bathrooms
3
Rooms
Bedroom 2, Basement, Bedroom 3, Bathroom 3, Bedroom 1, Bedroom 4, Bathroom 2, Bedroom 5, Bathroom 1
Parking features
Garage - Detached, Driveway
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
Oil, Baseboard
Building Details
Year built
1898
Building materials
Concrete
Roof type
Flat, Shingle
Listing Agency:
RE/MAX Results · RE/MAX International
(651) 484-8800
Listed By:
Kent Hranicka
(952) 829-2900
Added: Jun 3
Changed: Aug 1
Last Checked: Aug 14 at 11:06AM
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 triplex offers three fully occupied units and is eligible for FHA loan assumption for an owner-occupant. The property includes a partially finished full basement, along with a 12x12 flex room in the backyard and a workshop attached to the garage. The enclosed backyard features a wooden fence and a patio, creating a private outdoor space.
The front unit is adjacent to the street and is licensed as an accessory dwelling unit. Exterior finishes include stucco, with concrete construction and a roof that is flat and shingle. Heating is provided via oil and baseboard systems.
Set on a 0.14-acre lot with an estimated 3,000 square feet of property size, the home was built in 1898. Parking includes a detached garage and driveway.
The front unit is adjacent to the street and is licensed as an accessory dwelling unit. Exterior finishes include stucco, with concrete construction and a roof that is flat and shingle. Heating is provided via oil and baseboard systems.
Set on a 0.14-acre lot with an estimated 3,000 square feet of property size, the home was built in 1898. Parking includes a detached garage and driveway.
Key Highlights
- Three units fully occupied
- 0.14‑acre lot
- 3,000 SF property size
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
224
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
Market
Vacancy Rate% for Multifamily in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Triplex - Three fully occupied units with an enclosed, fenced backyard featuring a patio, plus a partially finished basement and garage workshop.
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 units fully occupied; 0.14‑acre lot; 3,000 SF property size
