NOT LISTED FOR SALE

2536 Cedar Ave S Minneapolis, MN 55404

Phillips Neighborhood

Estimated Value: $284,000 - $369,000

4 Beds
2 Baths
2,076 Sq Ft
$153/Sq Ft Est. Value

Last Sold February 24, 2015

Last sale price $122,500 $59 Per Sq Ft

Est. 155% increase in value since last sale

Current estimated payment $2,088/month

280 Days on Market

Highlights

  • Property is near public transit
  • 2 Car Detached Garage
  • Wood Siding
  • Wood Flooring
  • Landscaped with Trees

About This Home

As of February 2015

Cash flowing duplex! Well maintained by the same owner for over 30 years. Charming up/dn duplex, hwood flrs, fenced yard, 3 season porch, a lot of basement storage. This building is fully leased w/17 months left on both leases. Investors, this is the one!

Last Agent to Sell the Property

Paul St Andrew

RE/MAX Results Listed on: 05/20/2014

Last Buyer's Agent

NON-RMLS NON-RMLS

Non-MLS

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,708

Year Built

  • Built in 1900

Lot Details

  • 7,405 Sq Ft Lot
  • Lot Dimensions are 57x123
  • Landscaped with Trees

Parking

  • 2 Car Detached Garage

Home Design

  • Asphalt Shingled Roof
  • Wood Siding

Interior Spaces

  • 2,076 Sq Ft Home
  • 2-Story Property
  • Wood Flooring
  • Basement Fills Entire Space Under The House
  • Range

Laundry

  • Dryer
  • Washer

Location

  • Property is near public transit

Utilities

  • Cooling System Mounted In Outer Wall Opening
  • Window Unit Cooling System
  • Boiler Heating System

Community Details

  • 2 Units

Listing and Financial Details

  • Tenant pays for electric
  • The owner pays for fuel, trash, water/sewer

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,708

Year Built

Built in 1900

Lot Details

0

Parking

2

Listing Details

  • Type: Multi-Family
  • Class: MULTI-FAMILY
  • Classification: NonHomestead
  • Construction: Previously Owned
  • Projected Closed Date: 02/24/2015
  • Stories: 2 Story
  • Taxes With Assessments: 2708
  • Estimated Number of Acres: 0.17
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Dryer, Range/Stove, Refrigerator, Washer
  • Basement Style: Full
  • Finished Above Grade Sq Ft: 2076
  • Total Fin Square Footage: 2076

Exterior Features

  • Frontage Road: City
  • Exterior: Wood
  • Roof: Asphalt Shingles

Garage/Parking

  • Garage Type: Detached
  • Number Garage Spaces: 2

Utilities

  • Heat: Boiler

Schools

  • School District: Minneapolis #1

Lot Info

  • Lot/Land Description: Pub. Trans (w/in 6 blks), Tree Coverage - Medium
  • Estimated Lot Dimensions: 57x123

Rental Info

  • Owner Expense: Fuel, Trash, Water/Sewer
  • Tenant Expense: Electric

Building Info

  • Year Built: 1900

Multi Family

  • Total Units Available: 2
  • Est Annual Gross Expense: 8128

Tax Info

  • Year: 2014
  • Tax Value: 2708

MLS Schools

  • School District: Minneapolis #1

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Dec 19, 2014
Sold by
Chen Celia H
Bought by
Cuzco Luis A
Current Estimated Value
$312,756

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$99,375
Interest Rate
3.66%
Mortgage Type
New Conventional

Purchase Details

Closed on
Sep 20, 1999
Sold by
Durheily Donald M
Bought by
Chen Celia H
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Cuzco Luis A $132,500 Liberty Title Inc
Chen Celia H $1,500 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Cuzco Luis A $99,375
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
02/24/2015 02/24/15 Sold $122,500 -23.4% $59 / Sq Ft
02/24/2015 02/24/15 Pending -- -- --
05/20/2014 05/20/14 For Sale $159,900 -- $77 / Sq Ft
Source: REALTOR® Association of Southern Minnesota

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2023 $4,511 $282,000 $37,000 $245,000
2022 $4,451 $278,000 $24,000 $254,000
2021 $4,280 $262,000 $20,000 $242,000
2020 $4,454 $262,000 $41,400 $220,600
2019 $3,875 $252,000 $27,600 $224,400
2018 $3,292 $213,500 $27,600 $185,900
2017 $3,056 $163,000 $25,100 $137,900
2016 $3,037 $157,000 $25,100 $131,900
2015 $2,769 $136,500 $25,100 $111,400
2014 -- $124,000 $25,100 $98,900
Source: Public Records

Agents Affiliated with this Home

  • P

    Seller's Agent in 2015

    Paul St Andrew

    RE/MAX

  • N

    Buyer's Agent in 2015

    NON-RMLS NON-RMLS

    Non-MLS

See All Agents

Map

Source: REALTOR® Association of Southern Minnesota

MLS Number: 4621665

REALTOR® Association of Southern Minnesota

APN: 35-029-24-14-0131

Minnesota Hennepin County Minneapolis 55404 Phillips

2536 Cedar Ave S, Minneapolis, MN

This home is located at 2536 Cedar Ave S, Minneapolis, MN 55404 since 20 May 2014 and is currently estimated at $318,366, approximately $153 per square foot. This property was built in 1900. 2536 Cedar Ave S is a home located in Hennepin County with nearby schools including Andersen United Middle School, South Senior High School, and Aurora Charter School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

REALTOR® Association of Southern Minnesota IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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