RealtyLens
for saleRealtyLens property overview
$625,000

5000 Cedar Ave S

Minneapolis, MN, 55417
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4Beds
3Baths
3,284Sqft
$190$/sqft

Listing Notes

Overlooking the park at Lake Nokomis Beach, with immediate access to Minnehaha Creek and Minneapolis incredible trail system, this romantic 1930s Tudor is seeking its next stewards. Originally built as a single family home and later redesigned as a dignified double bungalow, charm and character carry throughout, with light filled interiors, generous room sizes, cozy alcoves, and a natural flow between living, dining, and sleeping spaces. A large main floor family room anchors the home. Coved plaster ceilings, elegant hardware, 1 panel miracle doors, and beautifully preserved white oak and fir floors pair with a perfectly preserved, buttery Art Deco bathroom, while the kitchen features solid surface countertops and newer appliances. Updates are thoughtfully integrated. With three finished floors of distinct spaces, the layout is well suited to a variety of arrangements, whether owner occupying with additional rental income, creating space for guests, or supporting multigenerational use. Additional highlights include a private cedar fenced yard with patio, two attached tuckunder garage stalls, new roof and gutters, updated mechanicals, and fresh paint throughout along with new stucco, making the home truly move in ready. Schedule your showing today!

Market Insights

Below nearby median-30%

$190/sqft vs a nearby median of $270/sqft.

Nearby median$270/sqft
Nearby properties8
Property size3,284 sqft
  • -30% versus the nearby median price per square foot.
  • Price history is limited, so current comps matter more than trend alone.
  • 3,284 sqft creates a usable price-per-square-foot read.

Pricing Read

Yardstick fair value$902k$837k$967k · 68% confidence
vs ask $625k−$277k (−44.3%)

Asking price is about 44.3% below the fair value — likely to draw competing offers if it's still on market.

$268/sqft median across 7 tight comps × 3,284 sqft= $880k
  • Pre-war character+$22k +2.5%
Cumulative NYC adjustments+$22k+2.5%

Property Read

FreshnessCurrent market data

The listing facts are current enough for an initial property review.

Market Position-30% vs nearby

The asking price per square foot is below the nearby median, which can be worth a closer comp check.

Price MovementInitial price point

Price history is still limited; review again as more market activity becomes available.

Diligence Read2 items to check
AI ReadinessReady to analyze
Assistant read

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Generated from the facts shown on this page and nearby market data. Not a professional appraisal.

Listing Details

Days on market
8 days
Last price change
No change recorded
Listed
May 5, 2026
Photos
51 photos
Property type
multi family
Status
for sale
Last sold
Jun 21, 2021 · $551,500
Garage
2 spaces

Features & Amenities

Corner LotForced AirBasementTwo Or More StoriesGarage 1 Or MoreGarage 2 Or MoreFenced YardRental PropertyNew RoofBeachLakeTrailsFamily RoomPatio

Photos

Price History

May 8, 2026Initial record
$625,000for sale

You can also find this listing on Realtor.com.

Listing data sourced from realtor.com. RealtyLens enriches and contextualises it for you, but the original listing lives on the source.