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3504 Cedar Ave S, Minneapolis, MN, 55407

3beds
2baths
1,486sqft
$299,000
$201price/sqft
$2,334/moest. monthly cost
$93,360/yrincome needed

About This Home

Great duplex in a vibrant neighborhood next to Matt's Bar and close to so many conveniences! Main level 1-BR apartment and upper level has 2 BR's. Each unit has its own laundry and there are 3 off-street parking spaces. Strong opportunity for both owner-occupants and investors.

Getting Around

81
WalkingVery Walkable
55
TransitGood Transit
83
BikeVery Bikeable

Schools

6/10
--
Andersen CommunityGrades PK-81.1 mi
6/10
South Senior High SchoolGrades 9-120.5 mi

Construction

Condition

  • Year built: 1914

Materials

  • Roof: Age Over 8 Years,Asphalt
  • Construction materials: Block

Type & Style

  • Home type: MultiFamily
  • Property subType: Duplex Up and Down

Interior

Appliances

  • Laundry features: In Unit

Basement

  • Has basement: Yes
  • Basement: Block,Partial,Storage Space,Unfinished

Bedrooms & Bathrooms

  • Bedrooms: 3
  • Bathrooms: 2

Features

  • Finished area below ground: 0
  • Finished area above ground: 1,486

Heating

  • Heating features: Forced Air

Interior Area

  • Total structure area: 1,678
  • Total interior livable area: 1,486 sqft

Property

Accessibility

  • Accessibility features: None

Details

  • Parcel number: 0202824410200
  • Zoning description: Residential-Multi-Family
  • Foundation area: 842

Features

  • Levels: One and One Half
  • Fencing: Partial

Lot

  • Lot size: 5,662 sqft
  • Features: Near Public Transit
  • Lot size dimensions: 45 x 123

Parking

  • Parking features: Concrete

Climate Risk is Financial Risk

Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.

Biggest Threats for This Home

  • Cold Wave
    Cold WaveModerate
  • Heat Wave
    Heat WaveModerate

How This Home’s Risks Compare

Cold Wave
Heat Wave

FEMA Declared Disasters in Hennepin County and Minnesota

Flood
Severe Storm
Straight Line Winds

Understanding the Costs

Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.

Estimated Costs Today

MonthlyAnnual
Mortgage $1,511$18,132
Home Insurance *$204$2,448
Property Taxes $449$5,388
Electricity $170$2,050
Total$2,334$28,008
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$80,022/yr
40% on housing$70,020/yr
45% on housing$62,240/yr

Minnesota FAIR Plan Programs

Minnesota FAIR Plan

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 4,160Commercial: 101
Total Premiums$4.54M
Total Exposure$457.44M

How Costs Could Change Over Time

Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.

Insurance Growth Rate5-year average: 11.2%
11.2%
0%30.0%
Electricity Growth Rate10-year average: 2.7%
2.7%
0%15.0%
Property Taxes Growth Rate2-year average: 0.2%
0.2%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

$201This listing

vs Other Active Listings

Avg $/sqft

ZIP 55407$128
Hennepin County$211

vs Homes Sold Last Month

Median $/sqft

ZIP 55407$218
Hennepin County$207

Current Market Trends

Median Price Per Square Foot

The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.

Historicals for This Listing

Zestimate History ($/sqft)

Price History

DateEventPrice
2026-06-03Listed for sale$299,000
2009-01-29Sold$33,500
2005-11-28Sold$209,000
1999-10-28Sold$41,000

For Sale by Agent

AgentMichelle Fussy Peterson
BrokerageNational Realty Guild

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