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237 Cedar Lake Road N, Minneapolis, MN 55405

Status: Sold

2 units
2,600 sq ft 2 garage spaces

$383,000

$30,000 from List Price

WELCOME HOME

Get to know this property.

Seller willing to complete TISH repairs! This exceptional duplex is an ideal opportunity for an owner-occupant or investor. The spacious 3-bed, 2-bath front unit is available for immediate move-in or historically has rented for $2200/month, while the 2-bed, 2-bath rear unit is rented for $1,775/month to excellent long-term tenants with a lease through June 2027 who would like to stay longer. Separate utilities for each unit. Both units are two stories and offer privacy with city views from the top-floor bedrooms. Located just blocks from desirable Byrn Mawr, with parks, trails, coffee shops, and restaurants nearby. Property features a large detached garage plus two additional off-street parking spaces on a concrete slab. Major updates include a new roof on the home and garage (2024), front-unit furnace (2022), newer windows and plumbing, and a new front-unit water heater. The rear unit was fully remodeled prior to 2021, including furnace, refrigerator, cabinets, oven, and flooring. A proven income-producing property—come see why this duplex has been a cash-flowing favorite!

The details that matter.

General Property Information for 237 Cedar Lake Road N, Minneapolis, MN 55405 - MLS# 7116964
Bedrooms and Bathrooms
Total Bedrooms:
5
Total Bathrooms:
4
Size and Multi Family Residence
Year Built:
1924
Type of Property:
Multi Family Residence
Style:
Duplex Side by Side
Stories/Levels:
2 Story
Total SqFt:
2,600
Total Fnsh'd SqFt:
2,600
Above Ground SqFt:
2,600
Finished Above Grade:
2,600
Below Ground SqFt:
500
Finished Below Grade:
0
Garage Stalls:
2
Garage SqFt:
530
Main Floor SqFt:
1,900
Approx Lot Dimensions:
40 x 169
Approx Number of Acres:
0.16
Income and Expenses
Gross Income:
$48,000
Total Expenses:
$0

A closer look at the location.

Penn Ave to Cedar Lake Rd, North to Home

This listing has been entered by the following office: Northstar Real Estate Associates

The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the Regional Multiple Listing Service of Minnesota, Inc. Real estate listings held by brokerage firms other than MnRealtyCo, LLC are marked with the Broker Reciprocity or the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers.

All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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