23-Unit Apartment Building with
7444 Cedar Avenue S, Minneapolis, MN 55423
For Sale
$2,400,000
The unit mix combines one- and two-bedroom apartments, with detached garages and additional off-street parking.
Property Size21,840 SF
Lot Size0.88 Acres
Price / SF$109.89
Days on Market21
Property Features for 7444 Cedar Avenue S
General Information
Standard status
Size
Total Parking Spaces
Lot size
Zoning
Occupancy
Units
Unit Mix
Multifamily Units
Additional Details
Public Transit
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
Natural Gas
Finished,Full,Storage/Locker
Yes
8-10
Vinyl
Building,Land,Leases,Rental License
Tree Coverage - Light
City Water/Connected
0.89
150 x 250
No
7000
Parking Lot
City Street,Paved Streets
21840
Public Maintained Road
Building Details
Building Size
Year Built
Buildings
Construction
Listing Agency:
(612) 656-1200
Listed By:
Matt Ebbighausen
(952) 457-9864
Source:
Imetroproperty
Added: Oct 21
Changed: Nov 10
Last Checked: Nov 9 at 2:36PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Matt Ebbighausen
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Investment Insights
Based on property information with market context.
This 23-unit apartment property contains 21,840 square feet on 0.89 acres and was built in 1966. The unit mix includes 18 two-bedroom, one-bath apartments of approximately 910+ square feet each and five one-bedroom, one-bath apartments of approximately 750+ square feet each. Ten detached garages and off-street parking serve the property. The building has a brick exterior and boiler heating, with Residential-Multi-Family zoning.
Capital improvements include replacement of the roof in 2014, hallway and common-area carpeting in 2018, a commercial high-efficiency water heater in 2023, and new electrical panels with circuit breakers in 2025. The property is on a bus route and near the Mall of America.
Capital improvements include replacement of the roof in 2014, hallway and common-area carpeting in 2018, a commercial high-efficiency water heater in 2023, and new electrical panels with circuit breakers in 2025. The property is on a bus route and near the Mall of America.
Key Highlights
- 23 units: 18 two‑bedroom, one‑bath apartments and 5 one‑bedroom, one‑bath apartments
- 21,840 square feet on 0.89 acres
- Two‑bedroom units are approximately 910+ square feet; one‑bedroom units are approximately 750+ square feet
Property Analytics
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Lease Details
23
Residential units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
624
Businesses Nearby
Explore this area
Business Placement
Demographics for 55423, MN
37,137
Population
16,792
Households
2.2
Avg Household Size
37
Median Age
44%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
5,231
Density / Sq Mi
$84,102
Median Household Income
$52,890
Median Earnings
$1,334
Median Rent
$320,300
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Minneapolis, MN
Properties on Market for Apartment buildings in Minneapolis
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Apartment building - The unit mix combines one- and two-bedroom apartments, with detached garages and additional off-street parking.
Where is this apartment building located?
The property is located at 7444 Cedar Avenue S Minneapolis, MN.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: 23 units: 18 two‑bedroom, one‑bath apartments and 5 one‑bedroom, one‑bath apartments; 21,840 square feet on 0.89 acres; Two‑bedroom units are approximately 910+ square feet; one‑bedroom units are approximately 750+ square feet
