2 months on rocket

3644 Cedar Ave S, Minneapolis, MN, 55407

$549,900

Home List Price

$6,530*

Closing Credit

0 Baths
3,000 SqFt
$183/SqFt
Multi

Location

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3644 Cedar Ave S, Minneapolis$549,900

Buyer Closing Credits

$6,530*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
ParkingAsphalt
Year Built1927
HeatingHot Water
BasementYes
MLS #6608030
StatusActive

About 3644 Cedar Ave S

Fully rented, well maintained & performing 4-plex in high demand, Powderhorn Park - just a block from Matt's! Separately metered gas & electric. 4 x 1 br units - 12 month leases; Rents - Unit 1: $1,000; Unit 2: $1,075; Unit 3: $1,095; Unit 4: $1,050. Windows replaced 2009. Glass block basement windows replaced 2017. 4 off-street parking spaces behind building as well as shaded patio area. 2 coin-op laundry in basement. 5 newer water heaters and 2 newer boilers. 2 large storage units per apt. Great opportunity for investor or owner-occ!

Property Details

Property Features

Property Information:

  • Year Built: 1927
  • Living Area: 3,000 SqFt

Listing Office:

  • Office Name: Verde Real Estate Group

Interior Features

Interior Information:

  • Basement: Yes

Exterior Features

Parking Information:

  • Parking: Asphalt

Virtual/3D Tour

  • 3D Tour: 3644 Cedar Ave S
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Lot Features

Lot Information:

  • Lot: Few Trees

Utilities

Utilities Information:

  • Heating: Hot Water

Other

Directions Information:

  • Directions: Cedar Ave to Property.

Price Information

Listing Price Info

Price Summary:

  • List Price: $549,900
  • Price Per SqFt: $183/SqFt

Tax Information:

  • Annual Amount: $6,526
  • 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

$349.9K

Med. Price/SqFt

$202

Avg. Days On Market

33

# of Sold Homes

889

3644 Cedar Ave S vs Minneapolis

86 DAYS ON ROCKET

+53 Days

$549,900

+$199.9K More

$183/SqFt

-$19 Less

KEY TAKEAWAY

This property is $199.9K more than the Median Sold Price and $19/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: #6608030

Listing Office:

  • Office Name: Verde Real Estate Group

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Last updated on: 12/19/2024, 11:52:49 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

Aug 10, 2017Home Sold
$425,000
Aug 27, 2004Home Sold
$330,000

Tax History

YEARPROP. TAXASSESSMENT
2020$6,526$399,000
2019$6,410$362,500
2018$5,874$323,500
2017$5,025$274,000

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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NMLS#3030

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-404667
4
/10

  • Bancroft Elementary School

  • 3829 13th Ave S

  • 0.43 miles

  • Public Magnet Grades PK-5

school-card-donut-404668
3
/10

  • Green Central Park Elementary School

  • 3416 4th Ave S

  • 1.17 miles

  • Public District Grades PK-5

school-card-donut-404669
1
/10

  • Hiawatha Leadership Acdy-Northrop

  • 1611 E 46th St

  • 1.19 miles

  • Public Charter Grades KG-4

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $46,902. The majority of Minneapolis, MN residents have income between $35k-100k annually. Residents typically live in single, no kids family. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55407›3644 Cedar Ave S

This home is located at 3644 Cedar Ave S in Minneapolis, MN and zip code 55407 in the Powderhorn neighborhood. This 3,000 square foot home was built in 1927. It has been listed on Rocket Homes since September 25, 2024 and is currently priced at $549,900.

Minneapolis, MN housing market in November 2024 saw over 283 listings sold above listed price, more than 203 sold at listed price and over 403 sold below. The inventory of homes for sale in Minneapolis, MN between October 2024 and November 2024 decreased by 6.1%. The median list price of listings available in November 2024 was $349,986, while the average time on the real estate market was 33 days.

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

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