500 CEDAR LAKE RD S MINNEAPOLIS MN 55405

PID: 2902924140168

Property Overview

Parcel ID2902924140168

Lot Size15,635 sq ft (0.359 ac)

Lot Dimensions (est.)136 ft wide × 115 ft deep

Year Built1977

Property ClassRESIDENTIAL

OwnerA M DOWLING & M R DOWLING

Assessed Value$499,900

Land Value$298,000

Building Value$201,900

Annual Tax$7,682

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2023 · $20K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$20K

Restorations by Highmark

ExistresMay 2023Expired

GV Heating and Air 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

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 width123 ft

Buildable depth75 ft

Area~10,404 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 10,404 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
416 RUSSELL AVE S MINNEAPOLIS MN 55405	D CRUSHSHON & M MICHAEL	RESIDENTIAL	$483,500	96 ft
423 SHERIDAN AVE S MINNEAPOLIS MN 55405	JOHN S PETERSON	RESIDENTIAL	$408,400	127 ft
431 SHERIDAN AVE S MINNEAPOLIS MN 55405	D S BRODEK & F M SOMMERS	RESIDENTIAL	$468,300	130 ft
415 SHERIDAN AVE S MINNEAPOLIS MN 55405	J V PYSICK & G A ORMISTON	RESIDENTIAL	$507,700	155 ft
501 CEDAR LAKE RD S MINNEAPOLIS MN 55405	CHRISTOPHER D JACKSON	RESIDENTIAL	$904,000	159 ft
408 RUSSELL AVE S MINNEAPOLIS MN 55405	KRISTEN LEE RAGOZZINO	RESIDENTIAL	$479,800	161 ft
440 CEDAR LAKE RD S MINNEAPOLIS MN 55405	B K HAAVIK & D SHERRY-HAAVIK	RESIDENTIAL	$407,600	188 ft
439 SHERIDAN AVE S MINNEAPOLIS MN 55405	GRIFFIN HVIDSTEN LIVING TR	RESIDENTIAL	$714,400	190 ft
409 SHERIDAN AVE S MINNEAPOLIS MN 55405	LISA A REED	RESIDENTIAL	$426,400	202 ft
461 CEDAR LAKE RD S MINNEAPOLIS MN 55405	C SCHMIDT & R ORNING	RESIDENTIAL	$477,500	206 ft

Property History

Most Recent Sale

Date201106

Price$321,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,682