453 CEDAR LAKE RD S MINNEAPOLIS MN 55405

PID: 2902924140026

Property Overview

Parcel ID2902924140026

Lot Size5,874 sq ft (0.135 ac)

Lot Dimensions (est.)106 ft wide × 56 ft deep

Year Built1924

Property ClassRESIDENTIAL

OwnerJ H & S J STOKES REVOC TR

Assessed Value$360,700

Land Value$201,000

Building Value$159,700

Annual Tax$5,362

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $7K total declared value · Most recent: Dec 2024 (res)

ResDec 2024Closed

CenterPoint Energy Resource Corp

ResMar 2018Closed

Warners Stellian Co Inc

ResJul 2017Closed

Southtown Plumbing Inc

RemodelJun 2017Closed

$7K

HOMECARE 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 width32 ft

Buildable depth100 ft

Area~3,196 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 3,196 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
457 CEDAR LAKE RD S MINNEAPOLIS MN 55405	JESSICA RAASCH	RESIDENTIAL-TWO UNIT	$465,900	42 ft
449 CEDAR LAKE RD S MINNEAPOLIS MN 55405	DANIEL D OJEDA JR	RESIDENTIAL	$390,600	42 ft
445 CEDAR LAKE RD S MINNEAPOLIS MN 55405	BARBARA J CARLSON	RESIDENTIAL-TWO UNIT	$414,400	84 ft
461 CEDAR LAKE RD S MINNEAPOLIS MN 55405	C SCHMIDT & R ORNING	RESIDENTIAL	$477,500	94 ft
441 CEDAR LAKE RD S MINNEAPOLIS MN 55405	PHYLLIS A FLOYD	RESIDENTIAL	$370,100	126 ft
2308 MOUNT VIEW AVE MINNEAPOLIS MN 55405	JANE E MARTINSON	RESIDENTIAL	$456,400	145 ft
2312 MOUNT VIEW AVE MINNEAPOLIS MN 55405	ALANA WOODS & JOSEPH WOODS	RESIDENTIAL	$491,200	150 ft
2304 MOUNT VIEW AVE MINNEAPOLIS MN 55405	D A STOCKDALE LIV TRST ET AL	RESIDENTIAL-TWO UNIT	$934,400	165 ft
437 CEDAR LAKE RD S MINNEAPOLIS MN 55405	K D JOHNSON & A J ELAND	RESIDENTIAL	$445,500	167 ft
2316 MOUNT VIEW AVE MINNEAPOLIS MN 55405	M F FLEMING/L J HEIDENREICH	RESIDENTIAL	$514,400	177 ft

Property History

Most Recent Sale

Date198511

Price$74,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,362