2 years on rocket

3417 Cedar Ave S, Minneapolis, MN, 55407

$549,900

Home List Price

$6,530*

Closing Credit

0 Baths
3,931 SqFt
$140/SqFt
Multi

Location

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3417 Cedar Ave S, Minneapolis$549,900

Buyer Closing Credits

$6,530*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingGravel
Year Built1914
HeatingBaseboard, Steam
BasementYes
MLS #6182722
StatusActive

About 3417 Cedar Ave S

Unique opportunity to own two duplexes on one lot! The larger blue duplex has 3 bedrooms upstairs and two bedrooms downstairs. It features original woodwork, built in buffets and hardwood floors. Remodeled bathrooms and kitchens in both units. Large attic space is open and ready for value added expansion. Large basement space houses laundry. The smaller red and white duplex in the backyard has a one bedroom unit upstairs, a one bedroom unit downstairs and a newer boiler.

Property Details

Property Features

Property Information:

  • Year Built: 1914
  • Living Area: 3,931 SqFt

Listing Office:

  • Office Name: RE/MAX Results

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Gravel

Utilities

Utilities Information:

  • Heating: Baseboard, Steam

Other

Directions Information:

  • Directions: Lake Street to Cedar Ave, South

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,900
  • Price Per SqFt: $140/SqFt

Tax Information:

  • Annual Amount: $7,851
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Minneapolis, MN.

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Minneapolis, MN

City

Med. Sold Price

$349.8K

Med. Price/SqFt

$202

Avg. Days On Market

34

# of Sold Homes

978

3417 Cedar Ave S vs Minneapolis

941 DAYS ON ROCKET

+907 Days

$549,900

+$200K More

$140/SqFt

-$62 Less

KEY TAKEAWAY

This property is $200K more than the Median Sold Price and $62/SqFt less than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6182722

Listing Office:

  • Office Name: RE/MAX Results

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Last updated on: 11/17/2024, 11:52:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Jan 24, 2017Home Sold
$348,000

Tax History

YEARPROP. TAXASSESSMENT
2020$7,851$480,000
2019$7,781$440,000
2018$6,809$375,000
2017$5,457$297,500

History based on county public records data.

Payment Calculator

$2,812

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,715

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-661225
4
/10

  • Bancroft Elementary School

  • 3829 13th Ave S

  • 0.64 miles

  • Public Magnet Grades PK-5

school-card-donut-661226
2
/10

  • Aurora Charter School

  • 2101 E 26th St

  • 1.02 miles

  • Public Charter Grades PK-4

school-card-donut-661227
1
/10

  • Skyline Math and Science Academy

  • 2600 26th Ave S Ste 100

  • 1.15 miles

  • Public Charter Grades KG-6

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $73,162. The most common annual income of people living in Minneapolis, MN is between $35k-100k. Typical family type is single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55407›3417 Cedar Ave S

This home is located at 3417 Cedar Ave S in Minneapolis, MN and zip code 55407 in the Powderhorn neighborhood. This 3,931 square foot home was built in 1914. It has been listed on Rocket Homes since April 21, 2022 and is currently priced at $549,900.

In October 2024 more than 356 listings in Minneapolis, MN were sold above the asking price. During the same period more than 223 listings were sold at asking price, while more than 399 were sold below. The inventory of homes for sale in Minneapolis, MN between September 2024 and October 2024 increased by 9.3%. In October 2024, listings were on the market for 34 days. During the same period, the median list price in this real estate market was $349,843.

From Rocket Homes Real Estate and based on county public records data.

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