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4101 Cedar Ave S, Minneapolis, MN, 55407

$600,000

Home List Price

$7,125*

Closing Credit

0 Baths
2,912 SqFt
$206/SqFt
Multi

Location

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4101 Cedar Ave S, Minneapolis$600,000

Buyer Closing Credits

$7,125*

1.25% Loan Amount

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Property Highlights

Home TypeQuadruplex
Year Built1928
HeatingSteam
BasementYes
MLS #6639091
StatusActive

About 4101 Cedar Ave S

great investment opportunity with all 4 units being renovated in summer of 2023. Rare turn-key investment in a very strong rental demand area. Current rents are $1,140 for the bottom two units and $1,240 for the top two units. Great location near the lakes, in a popular part of south MPLS. Call for more information.*At least 24 hour notice required on all showings*.

Property Details

Property Features

Property Information:

  • Year Built: 1928
  • Living Area: 2,912 SqFt

Listing Office:

  • Office Name: MRG Realty Partners, LLC

Interior Features

Interior Information:

  • Basement: Yes

Utilities

Utilities Information:

  • Heating: Steam

Other

Directions Information:

  • Directions: Cedar Ave to 41st to corner 4 plex on East side of Cedar.

Price Information

Listing Price Info

Price Summary:

  • List Price: $600,000
  • Price Per SqFt: $206/SqFt

Tax Information:

  • Annual Amount: $6,992
  • 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

4101 Cedar Ave S vs Minneapolis

1 DAY ON ROCKET

-32 Days

$600,000

+$250K More

$206/SqFt

+$4 More

KEY TAKEAWAY

This property is $250K more than the Median Sold Price and $4/SqFt more than other homes in Minneapolis, MN.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: NORTHSTAR
  • MLS Number: #6639091

Listing Office:

  • Office Name: MRG Realty Partners, LLC

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Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/17/2024, 11:22:50 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

Nov 13, 2017Home Sold
$405,000
Jul 01, 2008Home Sold
$234,300
Jul 01, 2008Home Sold
$182,000
Jun 12, 2007Home Sold
$360,000
Oct 16, 2006Home Sold
$303,000
Nov 18, 1999Home Sold
$146,500

Tax History

YEARPROP. TAXASSESSMENT
2020$6,992$427,500
2019$6,870$388,500
2018$6,301$347,000
2017$5,392$294,000

History based on county public records data.

Payment Calculator

$3,062

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$1,865

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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-4270036
4
/10

  • Bancroft Elementary School

  • 3829 13th Ave S

  • 0.56 miles

  • Public Magnet Grades PK-5

school-card-donut-4270037
1
/10

  • Hiawatha Leadership Acdy-Northrop

  • 1611 E 46th St

  • 0.66 miles

  • Public Charter Grades KG-4

school-card-donut-4270038
6
/10

  • Northrop Community School

  • 4315 31st Ave S

  • 1.04 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $61,719. Most Minneapolis, MN residents have annual incomes between $35k-100k. Residents typically live in single, no kids family. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›Minnesota›Hennepin County›Minneapolis›55407›4101 Cedar Ave S

This home is located at 4101 Cedar Ave S in Minneapolis, MN and zip code 55407 in the Cedar Avenue Heights neighborhood. This 2,912 square foot home was built in 1928. It has been listed on Rocket Homes since December 16, 2024 and is currently priced at $600,000.

In November 2024, from all listings sold in Minneapolis, MN there were more than 283 sold above asking price, over 403 sold below and more than 203 were sold right at the asked price. The number of listings in Minneapolis, MN decreased by 6.1% between October 2024 and November 2024. In November 2024, listings were on the market for 33 days. During the same period, the median list price in this real estate market was $349,986.

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

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