2323 LAUREL AVE W MINNEAPOLIS MN 55405

PID: 2902924140053

Property Overview

Parcel ID2902924140053

Lot Size3,865 sq ft (0.089 ac)

Lot Dimensions (est.)39 ft wide × 100 ft deep

Year Built1914

Property ClassRESIDENTIAL

OwnerJACKLYN J MERRY

Assessed Value$391,100

Land Value$161,000

Building Value$230,100

Annual Tax$5,868

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

8 permits on record since 2017 · $34K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$16K

A-1 Restoration

RemodelNov 2021Closed

$1K

Chelsey Bills

ResOct 2021Closed

Chelsey Bills

MiscOct 2021Closed

$2K

STORM GROUP ROOFING LLC

ResFeb 2019Closed

Fineline Mechanical Services 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 width28 ft

Buildable depth62 ft

Area~1,720 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 1,720 sqft buildable area.

Est. units

Yield on cost

2.9%

Spread

-2.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2319 LAUREL AVE W MINNEAPOLIS MN 55405	CLETUS J MAYCHRZAK	RESIDENTIAL	$382,800	38 ft
2327 LAUREL AVE W MINNEAPOLIS MN 55405	MICHAEL T MORRIS	RESIDENTIAL	$350,700	40 ft
2315 LAUREL AVE W MINNEAPOLIS MN 55405	E HOLDEFER & D SLUIS	RESIDENTIAL	$355,700	82 ft
432 CEDAR LAKE RD S MINNEAPOLIS MN 55405	DANIEL R BUNDROCK ET AL	RESIDENTIAL	$361,500	97 ft
440 CEDAR LAKE RD S MINNEAPOLIS MN 55405	B K HAAVIK & D SHERRY-HAAVIK	RESIDENTIAL	$407,600	127 ft
257 RUSSELL AVE S MINNEAPOLIS MN 55405	HUGH P MORRIS	RESIDENTIAL	$528,400	130 ft
253 RUSSELL AVE S MINNEAPOLIS MN 55405	MARK F PODOBINSKI ET AL	RESIDENTIAL	$341,800	170 ft
420 CEDAR LAKE RD S MINNEAPOLIS MN 55405	BRYN MAWR PRESBYTERIAN CH	COMMERCIAL-PREFERRED	$0	181 ft
2401 LAUREL AVE W MINNEAPOLIS MN 55405	J A ZESSE & W J HERRMANN	RESIDENTIAL	$611,700	185 ft
408 RUSSELL AVE S MINNEAPOLIS MN 55405	KRISTEN LEE RAGOZZINO	RESIDENTIAL	$479,800	196 ft

Property History

Most Recent Sale

Date202506

Price$515,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,868