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Active NEW!
$975,000
/mo Edit
Single Family:  1.5 Stories
3 br • 2 ba • Built 1911
2,289 sqft • 0.16 acres
Minneapolis schools
MLS# 6630528
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    Property Description

    A FANTASTIC TEAR-DOWN OPPORTUNITY with breathtaking views of Cedar Lake and the Minneapolis skyline! Situated on prestigious Cedar Lake Parkway and facing east, this premier lot offers unparalleled potential. The City of Minneapolis has reviewed a proposal for a modern triplex as part of their preliminary approval process, making this an incredible opportunity to build your dream home or a high-value investment property. Nestled in one of Minneapolis' most desirable neighborhoods, this lot combines tranquil natural surroundings with urban convenience, just minutes from downtown. The property currently includes a home and a detached two-car garage with additional parking, offering flexibility as you plan your build. With direct access to walking and biking trails and the serene beauty of Cedar Lake steps away, this is your chance to create a truly unique and stunning property. Don’t miss this rare opportunity in a highly sought-after location!

    Listing

    Contingency: None
    Price per sq ft: $426
    City: Minneapolis
    County: Hennepin
    State: MN
    Property Style: 1.5 Stories
    Zip Code: 55416
    Neighborhood/Area: Bryn - Mawr
    Subdivision Name: Mcnair Park

    Interior

    Living Area: 2,289 ft2
    Common Wall: No
    Fireplace Details: Wood Burning
    Basement Details:
    • Block
    • Daylight/Lookout Windows
    • Partially Finished
    • Walkout

    Exterior

    Stories: One and One Half
    Garage Spaces: 2
    Garage Dimensions: 20x20
    Garage Size: 400 ft2
    Air Conditioning: Central Air
    Foundation Size: 1,148 ft2
    Handicap Accessible: None
    Road Responsibility: Public Maintained Road
    Heating System: Forced Air
    Parking Features:
    • Asphalt
    • Detached
    • Garage Door Opener
    Unit Amenities:
    • Main Floor Primary Bedroom
    • Porch
    Road Frontage:
    • City Street
    • Paved Streets
    Exterior Material:
    • Brick/Stone
    • Metal Siding
    Pool: None
    Roof Details: Asphalt

    Rooms

    Full Baths: 1
    3/4 Baths: 1
    Bathroom Details:
    • 3/4 Basement
    • Main Floor Full Bath
    Dining/Kitchen: Separate/Formal Dining Room
    Upper Level Size Sq Ft
    Bedroom 2  31 x 11  341 
    Main Level Size Sq Ft
    Living Room  13 x 8  104 
    Dining Room  12 x 11  132 
    Bedroom 1  12 x 10  120 
    Lower Level Size Sq Ft
    Family Room  22 x 12  264 
    Bedroom 3  12 x 9  108 

    Lake & Waterfront

    Waterfront Present: N
    Waterfront Name: Cedar
    Waterfront View: East
    DNR Lake ID#: 27003900
    Lake Chain Name: Y
    Lake Acres: 163
    Lake Depth: 51
    Chain Acreage: 1049
    Waterfront: Lake View

    Lot & Land

    Acres: 0.16
    Geolocation: 44.963979, -93.324411
    Lot Dimensions: 148 x 50 x 146 x 45
    Zoning: Residential-Single Family

    Schools

    School District: 1
    District Phone: 612-668-0000

    Financial & Taxes

    Tax Year: 2024
    Annual Taxes: $11,798
    Lender-owned: No
    Assessment Pending: No
    Taxes w/ Assessments: $11,798
    Association Fee Required: No

    Units

    Second Unit: Existing In-Law w/Kitchen

    Miscellaneous

    Fuel System: Natural Gas
    Sewer System: City Sewer/Connected
    Water System: City Water/Connected

    Mortgage Calculator

    Use this calculator to estimate your monthly mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment and loan term. Property taxes are based on the last known value for this property or 0.012 of property price when data is unavailable. Your interest rate and insurance rates will vary based on credit score, loan type, etc.
    Payment:  /mo

    Local Home Mortgage Professionals

    651-253-2144
    Jason & Kim Stone
    Branch Manager & Co-Branch Manager
    Fairway Mortgage    NMLS#1018649
    Jason Stone joined Fairway Independent Mortgage Corporation in October 2017, as a Producing Branch Manager with over 15 years of experience in the mortgage industry. Throughout his career, Jason has originated over $500,000,000 in residential loan volume and has helped several thousand customers with their home financing needs. Jason was named Minneapolis Magazine: Super Mortgage Professional in 2018-2023, Scotsman Guide: Top Mortgage Originator 2019-2022, and Minnesota Housing: Platinum Leander. He is also a retired volunteer firefighter for the city of Mendota Heights, MN which is one of the reasons he’s a Home for Heroes affiliate lender.

    Kim Stone joined Fairway Independent Mortgage Corporation in August 2021, as Co-Branch Manager and Loan Officer. Kim leverages her previous experience as a leader in the non-profit sector to provide care and support throughout each home financing transaction. She has a bachelor’s degree in Communication and Marketing from Minnesota State University, Mankato and a master’s degree in International Business from Nova Southeastern University in Ft Lauderdale, FL.

    Leveraging more than 20 years of combined industry experience, the Stone Mortgage Team of Fairway Independent Mortgage Corporation, considers customer service as a way of life. Not only are we dedicated to finding great rates for our customers, but we also offer some of the fastest turn times in the industry. We pride ourselves on being personable, knowledgeable, accessible and reliable. Financing a home is one of the biggest commitments you will ever make - let us help guide you throughout the entire loan process from application to closing and beyond.
    It would be our pleasure to assist you with your home purchase!

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    Listing provided by RMLS, courtesy of Edina Realty, Inc..
    Disclaimer: The information contained in this listing has not been verified by TheMLSonline.com and should be verified by the buyer.