601 CEDAR LAKE RD S MINNEAPOLIS MN 55405

PID: 2902924140013

Property Overview

Parcel ID2902924140013

Lot Size5,607 sq ft (0.129 ac)

Lot Dimensions (est.)119 ft wide × 47 ft deep

Year Built1921

Property ClassRESIDENTIAL

OwnerSHANE P FLEMING

Assessed Value$535,300

Land Value$198,000

Building Value$337,300

Annual Tax$8,373

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $30K total declared value · Most recent: Jan 2025 (existres)

ExistresJan 2025Closed

Admiral Radon & Mechanical Services LLC

MiscOct 2023Closed

$30K

Grand Exteriors of Minnesota INC

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

Neighborhood Profile

Bryn - Mawr · 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width34 ft

Buildable depth87 ft

Area~2,967 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 2,967 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
605 CEDAR LAKE RD S MINNEAPOLIS MN 55405	SARAH J BRONNER	RESIDENTIAL	$474,800	44 ft
525 CEDAR LAKE RD S MINNEAPOLIS MN 55405	SALLYE DOUMA REVOC TRUST	RESIDENTIAL	$461,700	44 ft
609 CEDAR LAKE RD S MINNEAPOLIS MN 55405	C W ETZ & C L SKALICKY	RESIDENTIAL	$522,400	89 ft
521 CEDAR LAKE RD S MINNEAPOLIS MN 55405	W J TOIVONEN/B T TOIVONEN	RESIDENTIAL	$381,200	89 ft
2412 MOUNT VIEW AVE MINNEAPOLIS MN 55405	CHAD BAUER	RESIDENTIAL	$457,200	129 ft
613 CEDAR LAKE RD S MINNEAPOLIS MN 55405	JOANNE MICHALEC	RESIDENTIAL	$411,100	133 ft
2416 MOUNT VIEW AVE MINNEAPOLIS MN 55405	ATSUKO FUKUSHI & KENNETH HUM	RESIDENTIAL	$479,200	135 ft
2408 MOUNT VIEW AVE MINNEAPOLIS MN 55405	DIANE C NORDQUIST TR ET AL	RESIDENTIAL	$501,600	143 ft
2420 MOUNT VIEW AVE MINNEAPOLIS MN 55405	MARK D OLSON & JOEL J OLSON	RESIDENTIAL	$389,400	156 ft
515 CEDAR LAKE RD S MINNEAPOLIS MN 55405	J P ROCK & M A FEDYSZYN	RESIDENTIAL	$484,200	156 ft

Property History

Most Recent Sale

Date201606

Price$330,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,373