Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    4101 Cedar Ave Minneapolis, MN 55407
    Back to Search
    Property profile & analytics

    4101 Cedar Ave Minneapolis, MN 55407

    View on Map
    • Commercial real estate
    • 4,368 SF
    Off-Market
    Property ID
    US46-2765748
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 4101 Cedar Ave

    Year built
    1928
    Property size
    4,368 SF
    Property type
    Commercial real estate
    APN
    1202824230145

    Description

    This exceptional four-unit apartment building, located at 4101 Cedar Ave S in Minneapolis, MN 55407, presents a compelling investment opportunity. Built in 1928 and extensively renovated in 2023, this property boasts 4,368 square feet and offers a strong net operating income (NOI) of $37,088. Each unit features a spacious one-bedroom, one-bathroom layout, updated with modern finishes and energy-efficient systems, including individual water heaters. The lower units command a monthly rent of $1,140, while the upper units rent for $1,240, resulting in a price per unit of $167,250. Three to four designated parking spots are available for tenants. The property benefits from its prime location in Minneapolis, just north of Lake Nokomis, and is situated in Hennepin County. Furthermore, this property is enrolled in the 4D Affordable Housing Program, which will provide up to an 80% property tax reduction starting in 2025, significantly enhancing its long-term financial prospects. The asking price for this fully occupied, turn-key property is $599,999. This presents a rare chance to acquire a well-maintained, high-performing multifamily asset in a desirable Minneapolis neighborhood with significant potential for appreciation and strong rental income. The property's APN is 1202824230145.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Minneapolis
    County
    Hennepin
    State
    Minnesota
    Longitude
    -93.2473436
    Latitude
    44.9286037

    Comparable in this City

    • $500,000
      0.14 Acres

      Minneapolis Multifamily Near Powderhorn Park

      Charming 6-unit apartment building steps from Powderhorn Park.
      1117 E 31St St, Minneapolis, MN 55407
      View Details
    • Contact for pricing

      Minneapolis Redevelopment Opportunity

      Land available for multi-family mixed-use development near Midtown Greenway.
      2825 Cedar Ave S, Minneapolis, MN 55407
      View Details
    • Contact for pricing
      7,971 SF

      Mixed-Use Redevelopment Opportunity

      Redevelopment opportunity for mixed-use commercial property.
      1108 E Lake St, Minneapolis, MN 55407
      View Details
    • Contact for pricing
      2,300 SF

      Turnkey Restaurant Opportunity

      Fully built-out restaurant for sale in Minneapolis.
      1024 E 38Th St, Minneapolis, MN 55407
      View Details
    • $275,000
      0.12 Acres

      Minneapolis Commercial Land Opportunity

      Prime location for investors, developers, or owner-users.
      3105 Bloomington Ave, Minneapolis, MN 55407
      View Details
    • New
      $300,000
      0.12 Acres

      Minneapolis Development Opportunity: Vacant Lots

      Two contiguous vacant lots in South Minneapolis, ideal for development.
      2840 Bloomington Ave, Minneapolis, MN 55407
      View Details

    Similar Nearby for Sale

    • $500,000
      0.14 Acres

      Minneapolis Multifamily Near Powderhorn Park

      Charming 6-unit apartment building steps from Powderhorn Park.
      1117 E 31St St, Minneapolis, MN 55407
      View Details
    • Contact for pricing

      Minneapolis Redevelopment Opportunity

      Land available for multi-family mixed-use development near Midtown Greenway.
      2825 Cedar Ave S, Minneapolis, MN 55407
      View Details
    • Contact for pricing
      7,971 SF

      Mixed-Use Redevelopment Opportunity

      Redevelopment opportunity for mixed-use commercial property.
      1108 E Lake St, Minneapolis, MN 55407
      View Details
    • Contact for pricing
      2,300 SF

      Turnkey Restaurant Opportunity

      Fully built-out restaurant for sale in Minneapolis.
      1024 E 38Th St, Minneapolis, MN 55407
      View Details
    • $275,000
      0.12 Acres

      Minneapolis Commercial Land Opportunity

      Prime location for investors, developers, or owner-users.
      3105 Bloomington Ave, Minneapolis, MN 55407
      View Details
    • New
      $300,000
      0.12 Acres

      Minneapolis Development Opportunity: Vacant Lots

      Two contiguous vacant lots in South Minneapolis, ideal for development.
      2840 Bloomington Ave, Minneapolis, MN 55407
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,052 SF

      St. Louis Park Specialty Property

      Specialty property available for rent in St. Louis Park.
      7600 W 27Th St, St Louis Park, MN 55407
      View Details
    • Contact for pricing
      3,708 SF

      Connected Medical Office Space

      Medical office space connected to hospitals with ample parking.
      2800 Chicago Ave, Minneapolis, MN 55407
      View Details
    • Contact for pricing
      1,819 SF

      Environmentally Mindful Greenway Office Building

      LEED-inspired office building with green features and convenient location.
      2801 21St Ave S, Minneapolis, MN 55407
      View Details
    • Contact for pricing
      600 SF

      Hi-Lake Shopping Center Retail Space

      Retail space in renovated shopping center with high visibility.
      2216-2218 Lake St E, Minneapolis, MN 55407
      View Details
    • Contact for pricing

      Urban Neighborhood Shopping Center Space

      Redeveloped shopping center space near Lake Nokomis and SuperValu.
      4700 Cedar Ave South, Minneapolis, MN 55407
      View Details
    • Contact for pricing
      1,067 SF

      Retail Space Near Light Rail

      Retail space in thriving commercial corridor near Hi-Lake Shopping Center.
      2220 E Lake St, Minneapolis, MN 55407
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    4101 Cedar Ave
    Minneapolis, MN 55407
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    4101 Cedar Ave, Minneapolis, MN, 55407
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!