3241 Cedar Avenue S Minneapolis, MN ^$ 399,900

3241 Cedar Avenue S

^$ 399,900

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3241 Cedar Avenue S

Minneapolis, MN, 55407

^$ 399,900

Bedrooms5 Baths3.0 Sq 3,000

Monthly Estimate*

^$ 2,762

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Multi-Family Home for sale in Minneapolis, MN

for $399,900 with 5 bedrooms and 3 full baths. This 3,000 square foot home was built in 1898 on a lot size of 0.139991.

Unique Triplex with 3 units fully occupied and eligible for FHA loan assumption for an owner-occupant! Enjoy the peaceful backyard that is fully enclosed with a wooden fence and features a patio. Perfect for dog owners. This building has plenty of space including a partially finished full basement, a 12x12 flex room in the backyard and a workshop attached to garage. Units have been nicely maintained and are rent ready! This is the perfect spot for an owner who would like to cut their living expenses by occupying 1 unit. $3725.00 gross monthly rents. Front unit adjacent to the street is licensed as an accessory dwelling unit.

Multi-Family Pending

Price

^$ 399,900

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 6,815

Style

Triplex

Lot Size

0.139991

Year Built

1898

Town/City

Minneapolis

County/Region

Hennepin

MLS | Web ID

7083267

Features

General

Living Area 3000

Sewer City Sewer/Connected

Heating Baseboard Boiler

Roof Age Over 8 Years Asphalt Flat

Garage Spaces 1

Construction Materials Concrete

Year Built 1898

Electric Circuit Breakers

Tenant Pays Electricity

Levels Two

Property Subtype Triplex

Tax Year 2026

Gross Income 0

Accessibility None

County Hennepin

Operating Expense 0

Insurance Expense 0

New Construction N

Property Type Residential Income

Association Amenities Deck

Contingency None

MaintenanceExpense 0

Subdivision Name Minnehaha Add

Directions From Hwy 55 go south on Cedar ave. property is on the left hand side between 31st st and 32nd st

City Minneapolis

High School District Minneapolis

Zoning Description Residential-Multi-Family

Number Of Units Total 3

Lot Size Units Square Feet

Land Lease Y/N N

Tax Annual Amount 6815

Electric Expense 0

Fuel Expense 0

Trash Expense 0

Water Sewer Expense 0

Additional Parcels Y/N N

Standard Status Pending

Lender Owned No

Interior

Basement Block

Basement (Y/N) Y

Above Grade Finished Area 3000

Laundry Features In Basement

Total Bedrooms 5

Below Grade Finished Area 0

Total Baths 3

Foundation Dimensions 30x23

Fuel Natural Gas

Garage Dimensions 20x20

Garage Door Width 7

Garage Square Feet 400

Exterior

Fencing Full Wood

Parking Features Detached Garage Concrete

Lot Features Tree Coverage - Light

Water Source City Water/Connected

Lot Size Area 6098

Building Area Total 3690

Lot Dimensions 50x125

Waterfront Y/N N

Foundation Area 690

Road Frontage Type City Street

Road Responsibility Public Maintained Road

Internal Only

Street Number 1 3241

* Excluded Features

List By

Re/Max Results

Broker

kent@theduplexdoctors.com

Affordability Calculator

$3,330

Per Month

Monthly Principal & Interest: $2,762
Monthly Property Taxes: $568
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Minneapolis, MN

Average List Price ^$481,981

Percent of Sale Price 21%

About Minneapolis, MN

417,625 Population

9% Since 2002

^$56,777 Median Income

35.08 Median Age

21% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

708364 Elementary School

708967 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/3/2026	$399,900		Listed Price

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3241 Cedar Avenue S, Minneapolis, MN, 55407 is a Multi-Family Home for sale at $399,900 with 3,000 sqft and a lot size of 0.139991. 3241 Cedar Avenue S has 5 bedrooms, 3.0 baths, and was built in 1898. The property's zip code is 55407 which is in Minneapolis, MN

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc.

The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Data is updated as of 10/16/2026.

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3241 Cedar Avenue S

Multi-Family Home for sale in Minneapolis, MN

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