2308 OLD SHAKOPEE RD E BLOOMINGTON MN 55425

PID: 0102724340043· 1 field stubbed (see below)

Property Overview

Parcel ID0102724340043

Lot Size117,541 sq ft (2.698 ac)

Lot Dimensions (est.)741 ft wide × 159 ft deep

Year Built1968

Property ClassAPARTMENT

OwnerMOUND SPRING TERR PROP LLC

Assessed Value$4,319,900

Land Value$800,000

Building Value$3,519,900

Annual Tax$73,686

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Opportunity ZoneHigh

Within a federally designated Qualified Opportunity Zone — investors may qualify for capital gains deferrals via a Qualified Opportunity Fund.

HUD Opportunity Zones ↗

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

Potential programs

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,530/mo

Renter-occupied75.8%

Median home value$297K

Vacancy rate8.4%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 251

Market Snapshot

Zip code 55425

Median sale price$365K+4.9% YoY

Median price / sqft$217/sqft

Median days to close45 days

Active listings11

Source: Redfin Data Center (Invalid Date) · Zip 55425

Zoning

Zoning data is available for Minneapolis and Saint Paul parcels. This parcel may be outside those city boundaries.

Property History

Most Recent Sale

Date200902

Price$2,200,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$73,686

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2200 86TH ST E BLOOMINGTON MN 55425	FOUNTAIN TERR PROPERTIES LLC	APARTMENT	$5,756,300	220 ft
8421 22ND AVE S BLOOMINGTON MN 55425	METROPOLITAN TOWERS LLC	LOW INCOME RENTAL	$13,196,100	308 ft
8524 22ND AVE S BLOOMINGTON MN 55425	JJ 8524 LLC	TOWNHOUSE	$100,800	464 ft
8546 22ND AVE S BLOOMINGTON MN 55425	JJ 8524 LLC	TOWNHOUSE	$115,900	484 ft
8526 22ND AVE S BLOOMINGTON MN 55425	JJ 8524 LLC	TOWNHOUSE	$100,600	490 ft
2231 86TH ST E BLOOMINGTON MN 55425	AARON NELSON	RESIDENTIAL	$327,900	506 ft
8544 22ND AVE S BLOOMINGTON MN 55425	JJ 8524 LLC	TOWNHOUSE	$115,700	510 ft
2280 OLD SHAKOPEE RD E BLOOMINGTON MN 55425	ALEX CHRISTIANSEN	RESIDENTIAL	$434,400	510 ft
2215 86TH ST E BLOOMINGTON MN 55425	J A CRUZ & A CRUZ	RESIDENTIAL	$296,200	523 ft
8560 22ND AVE S BLOOMINGTON MN 55425	JJ 8524 LLC	COMMON AREA	$0	524 ft

Stub notice: The following fields could not be fetched from live sources and are shown as "—": zoning. See README for details on which sources are live vs. stubbed.