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$720,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 4 Units
  • 20 Total Beds
  • Updated 1 day ago
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money maker. 4 apartments with 5 bedrooms EACH -- yes 20 bedrooms in this large 4 plex. rents at $2500/month gives you $10,000 per month income. built in 2002.

Full Property Details for 2616 Cedar Ave S

General

  • Price: $720,000
  • Taxes: $11,088 (2025)
  • Status: Active
  • Type: Multi-Family
  • Source: NorthStarMLS_RMLS
  • MLS ID: 7081129
  • Updated: 5/28/2026
  • Added to Site: 2 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 20

Parking

  • Parking Features: Parking Lot

Location

  • County: Hennepin
  • Township: Minneapolis
  • Subdivision: Goulds Add
  • Neighborhood: 22
  • Driving Directions: I94 to Hwy 55 south. Exit Cedar. Go south to address.

School Information

  • School District: 1 - Minneapolis
  • High School District: Minneapolis

Heating & Cooling

  • Heating Type: Baseboard
  • Heating Fuel: Electric

Utilities

  • Sewer: City Sewer Connected
  • Water: City Water (Connected)

Structural Information

  • Basement: Yes
  • Basement Desc.: Crawlspace
  • Foundation Size: 6384
  • Disability Access: Partially Wheelchair, Wheelchair Ramp(s)
  • Square Feet: 6,384
  • Above Ground: 6,384 Sq. Ft.
  • Finished Down/Base.: 6,384 Sq. Ft.
  • Year Built: 2002

Lot Features

  • Lot Size (Acres): 0.16
  • Lot Dimensions: 57.32 x 123.43
  • Zoning: Residential-Multi-Family

Financial Considerations

  • Operating Expenses: $38,565
  • Tax Amount: $11,088
  • Tax Year: 2025
  • Tenant Pays: Electricity, Heat, Hot Water
  • Pays Electric: Tenant Pays
  • Pays Heat: Tenant Pays
  • Pays Water: Tenant Pays

Disclosures and Reports

  • Legal Description: LOT 004 BLOCK 001 GOULDS ADDN TO MPLS
  • Property ID: 3502924410057

Listed by Peritus Real Estate

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— 2616 Cedar Ave S —

  • Peritus Real Estate

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NMLS#: 1598647

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Schools serving 2616 Cedar Ave S

School District:Minneapolis Public School District
NameGradesDistance
Andersen Community
1098 Andersen Lane, Minneapolis, MN 55407
6-80.5 mi
Folwell Arts Magnet
3611 20th Avenue South, Minneapolis, MN 55407
PK-51.2 mi
South Senior High School
3131 19th Avenue South, Minneapolis, MN 55407
9-120.7 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 2616 Cedar Ave S Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/27/2026
Listed
$720,000
105.71%
MLS
3/27/2020
Sold
$350,000
—
Public Record
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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 2616 Cedar Ave S

Year
Property Taxes
Change
Tax Assessment
Change
2025
$11,088
5%
$608,000
-8%
2023
$10,557
4%
$660,000
5%
2023
$10,127
—
$629,000
12%
2023
$10,127
7%
$562,000
5%
2020
$9,457
-7%
$535,000
-4%
2019
$10,128
21%
$558,000
22%
2018
$8,389
10%
$457,500
12%
2017
$7,656
12%
$408,500
15%
2016
$6,865
16%
$355,000
21%
2015
$5,935
-10%
$292,500
—
2014
$6,598
3%
$292,500
—
2013
$6,423
—
$292,500
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Peritus Real Estate

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2616 Cedar Avenue S, Minneapolis, MN 55407 (MLS# 7081129) is a Multi-Family property with 4 units containing 20 bedrooms and 0 full bathrooms. 2616 Cedar Avenue S is currently listed for $720,000 and was received on May 27, 2026. Want to learn more about 2616 Cedar Avenue S? Do you have questions about finding other Multi-Family real estate for sale in Minneapolis? You can browse all Minneapolis real estate or contact a Coldwell Banker agent to request more information.

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