2308 MEMORIAL PKWY MINNEAPOLIS MN 55412

PID: 1111821340137

Property Overview

Parcel ID1111821340137

Lot Size9,890 sq ft (0.227 ac)

Lot Dimensions (est.)131 ft wide × 75 ft deep

Year Built1926

Property ClassRESIDENTIAL

OwnerANDREW J HAKALA & S M HAKALA

Assessed Value$377,300

Land Value$69,000

Building Value$308,300

Annual Tax$5,612

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictYes — Victory Memorial Drive

Development Opportunities

Historic district — Victory Memorial DriveHigh

Within a Minneapolis HPC district — alterations and new construction require design review; historic tax credits may apply.

Minneapolis Preservation & Landmarks ↗

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

Permit History

3 permits on record since 2020 · Most recent: Sep 2022 (res)

ResSep 2022Closed

MN Plumbing & Home Services INC

ResFeb 2022Closed

Mr. Plumbing and Drains LLC

ResMar 2020Closed

CenterPoint Energy Resource Corp

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Victory · Minneapolis

Median reported rent717/mo

Renter-occupied29.2%

Median home value$230K

Vacancy rate2.1%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1002

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

Zoning

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width2 ft

Buildable depth784 ft

Area~3,790 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Likely Infeasible

Back-of-envelope estimate based on sfr / adu benchmarks for 3,790 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2300 MEMORIAL PKWY MINNEAPOLIS MN 55412	S J KRAUSE & R S KRAUSE	RESIDENTIAL	$377,200	61 ft
2312 MEMORIAL PKWY MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TRST	—	$275,900	64 ft
4533 QUEEN AVE N MINNEAPOLIS MN 55412	KELSIE JOHNSON	RESIDENTIAL	$163,600	86 ft
2316 MEMORIAL PKWY MINNEAPOLIS MN 55412	ERIN M JOHNSON	RESIDENTIAL	$339,000	107 ft
4537 QUEEN AVE N MINNEAPOLIS MN 55412	MINDY JOST	RESIDENTIAL	$247,500	125 ft
4514 RUSSELL AVE N MINNEAPOLIS MN 55412	BARBARA K YOUNG	RESIDENTIAL	$246,600	137 ft
2320 MEMORIAL PKWY MINNEAPOLIS MN 55412	KATEY L NGUYEN/TONY NGUYEN	RESIDENTIAL	$306,900	152 ft
4518 RUSSELL AVE N MINNEAPOLIS MN 55412	JAMES R SWENSON	RESIDENTIAL	$264,400	164 ft
4541 QUEEN AVE N MINNEAPOLIS MN 55412	KIELER CONST & HOLDINGS LLC	RESIDENTIAL	$173,100	165 ft
4522 RUSSELL AVE N MINNEAPOLIS MN 55412	MICHAEL E CHIODO	RESIDENTIAL	$276,100	196 ft

Property History

Most Recent Sale

Date201705

Price$272,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,612