$415,000
Minneapolis, MN 55405
MLS# 7116964
5 beds | 4 baths | 3100 sqft
1 / 28
Property Description
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!
Details
Maps
Documents
Contract Information
Owner is an Agent?: Yes
Auction?: No
Status: Active
Contingency: None
Current Price: $415,000
Original List Price: 445000
ListPrice: 415000
List Date: 2026-07-28
Office/Member Info
Association: SPAAR
General Property Information
Lot Measurement: Acres
Multiple PIDs?: No
Owner Occupied: No
Waterfront YN: No
Year Built: 1924
Yearly/Seasonal: Yearly
Lot Dimensions: 40x169
Acres: 0.16
Main Floor Total SqFt: 1900
Below Grd Total SqFt: 500
Above Ground SqFt: 2600
Total SqFt: 3100
Total Finished Sqft: 2600.00
Foundation Size: 1430
Style: (MF) Duplex Side X Side
Garage Stalls: 2
Assessment Pending: No
Bedrooms: 5
Baths Total: 4
Location, Tax and Other Information
Legal Description: LOT 008 BOWMANS ADDN TO MPLS
Listing City: Minneapolis
Map Page: 106
Municipality: Minneapolis
School District: Minneapolis
School District Phone: 612-668-0000
Zip Plus 4: 1223
Property ID Number: 2102924340035
Tax Year: 2026
Tax Amount: 7065
In Foreclosure?: No
Potential Short Sale?: No
Lender Owned?: No
Directions & Remarks
Public Remarks: 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!
Directions: Penn Ave to Cedar Lake Rd, North to Home
Accessible
None: 1
Assessments
Assessment Balance: 0
Tax With Assessments: 7065
Basement
Drain Tiled: 1
Full: 1
Sump Pump: 1
Unfinished: 1
Building Information
Finished SqFt Above Ground: 2600
Construction Status
Previously Owned: 1
Exterior
Brick/Stone: 1
Stucco: 1
Vinyl: 1
Foundation
Concrete Block: 1
Fuel
Natural Gas: 1
Heating
Forced Air: 1
Lease Details
Land Leased: Not Applicable
Lock Box Type
Combo: 1
Miscellaneous Information
DP Resource: Yes
Homestead: No
Ownership
Fractional Ownership: No
Parking Characteristics
Garage Square Feet: 530
Covered: 1
Patio, Porch and Deck Features
Front Porch: 1
Patio: 1
Porch: 1
Public Survey Info
Range#: 24
Section#: 21
Township#: 29
Rental License Type
Standard: 1
Roof
Age 8 Years or Less: 1
Sewer
City Sewer/Connected: 1
Stories
Two: 1
Unit 1
Furnished?: No
Leased?: No
Level: Multi-Level
Unit Number: 1
Monthly Rent: 2400
Full Baths: 1
Total Rooms: 7
3/4 Baths: 1
Annual Rent: 28800
Finished SqFt: 1400
No. of Units Like This: 1
Total Baths: 2
Total Bedrooms: 3
Unit Details
Total Units: 2
Water
City Water/Connected: 1
Income and Expenses
Annual Caretaker Expense: 0
Annual Electric Expense: 0
Annual Fuel Expense: 0
Annual Gross Expenses: 0
Annual Gross Income: 48000
Annual Insurance Expense: 0
Annual Maintenance Expense: 0
Annual Repair Expense: 0
Annual Trash Expense: 0
Annual Water/Sewer Expense: 0
Total Annual Expenses: 0
No. of Ranges
Two: 1
No. of Refrigerators
Two: 1
Unit 2
Furnished?: No
Lease Expiration Date: 2027-05-31
Leased?: Yes
Level: Multi-Level
Unit Number: 2
# of Fireplaces: 2
3/4 Baths: 1
Annual Rent: 20100
Finished SqFt: 1100
Full Baths: 1
Monthly Rent: 1675
No. of Units Like This: 1
Total Baths: 2
Total Bedrooms: 2
Total Rooms: 6
Location Tax and Other Information
House Number: 237
Street Name: Cedar Lake
Street Suffix: Road
Street Direction Suffix: N
Postal City: Minneapolis
County: Hennepin
State: MN
Zip Code: 55405
Complex/Dev/Subdivision: Bowmans Add
Property Features
Accessible: None
Basement: Drain Tiled; Full; Sump Pump; Unfinished
Construction Status: Previously Owned
Exterior: Brick/Stone; Stucco; Vinyl
Foundation: Concrete Block
Fuel: Natural Gas
Heating: Forced Air
Lock Box Type: Combo
Parking Characteristics: Covered
Rental License Type: Standard
Roof: Age 8 Years or Less
Sewer: City Sewer/Connected
Stories: Two
Water: City Water/Connected
237 Cedar Lake Rd N - Disclosure Stateme 
Listing Office: Northstar Real Estate Associates
Last Updated: August - 20 - 2026
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity SM Program of the Regional Multiple Listing Service of Minnesota, Inc. The information provided is deemed reliable but not guaranteed. Properties subject to prior sale, change or withdrawal. ©2026 Regional Multiple Listing Service of Minnesota, Inc All rights reserved.
