206 CEDAR LAKE RD S MINNEAPOLIS MN 55405

PID: 2802924220066

Property Overview

Parcel ID2802924220066

Lot Size6,737 sq ft (0.155 ac)

Lot Dimensions (est.)126 ft wide × 53 ft deep

Year Built1920

Property ClassRESIDENTIAL

OwnerCORINNE ELLEN IVERSON

Assessed Value$602,400

Land Value$191,000

Building Value$411,400

Annual Tax$9,642

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

1 permit on record since 2023 · $10K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Expired

$10K

Sellers Roofing Co - New Brighton Inc

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

Neighborhood Profile

Minneapolis

Median reported rent1,697/mo

Renter-occupied14.8%

Median home value$467K

Vacancy rate0.0%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1051

Market Snapshot

Zip code 55405

Median sale price$530K+73.8% YoY

Median price / sqft$270/sqft

Median days to close45 days

Active listings39

Source: Redfin Data Center (Invalid Date) · Zip 55405

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width113 ft

Buildable depth13 ft

Area~4,032 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 small multifamily (2–4 units, wood frame) benchmarks for 4,032 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
212 CEDAR LAKE RD S MINNEAPOLIS MN 55405	TIFFANY LUONG & RYAN HEDBLOM	RESIDENTIAL	$733,000	51 ft
202 CEDAR LAKE RD S MINNEAPOLIS MN 55405	ALEX LIU & S KUHNMUENCH	RESIDENTIAL	$612,000	69 ft
216 CEDAR LAKE RD S MINNEAPOLIS MN 55405	KIMBERELY NICOLE FERGUSON	RESIDENTIAL	$582,200	101 ft
2123 HAWTHORNE AVE W MINNEAPOLIS MN 55405	PABLO MIGUEL DE OCAMPO	RESIDENTIAL	$353,500	148 ft
211 CEDAR LAKE RD S MINNEAPOLIS MN 55405	411 LONG STAYS LLC	TRIPLEX	$553,200	156 ft
2110 HAWTHORNE AVE W MINNEAPOLIS MN 55405	OLAF SORENSON	RESIDENTIAL	$349,500	166 ft
2104 HAWTHORNE AVE W MINNEAPOLIS MN 55405	CATHERINE P SCOTT	RESIDENTIAL	$395,000	167 ft
57 OLIVER AVE S MINNEAPOLIS MN 55405	JOSHUA GRANT	RESIDENTIAL	$368,200	170 ft
224 CEDAR LAKE RD S MINNEAPOLIS MN 55405	CEDAR LAKE ROAD LLC	COMMERCIAL-PREFERRED	$1,150,000	177 ft
2100 HAWTHORNE AVE W MINNEAPOLIS MN 55405	CASSANDRA CEDARHOLM	RESIDENTIAL	$485,900	179 ft

Property History

Current Tax Year

Year2026

Tax Due$9,642