1245 CEDAR LAKE RD S MINNEAPOLIS MN 55416

PID: 2902924310022

Property Overview

Parcel ID2902924310022

Lot Size5,188 sq ft (0.119 ac)

Lot Dimensions (est.)40 ft wide × 130 ft deep

Year Built2003

Property ClassRESIDENTIAL

OwnerTHOMAS G DICKSON

Assessed Value$1,445,000

Land Value$212,000

Building Value$1,233,000

Annual Tax$25,588

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2003 · $566K total declared value · Most recent: Jan 2024 (res)

ResJan 2024Closed

Hero Home Services LLC

MiscSep 2023Closed

$35K

BRUETTE ROOFING INC

ExistresNov 2019Closed

UPTOWN PLUMBING HEATING AND COOLING

MiscFeb 2017Closed

$6K

STEPHEN P DONNELLY CO INC

Building Re-inspectionApr 2006

$45K

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 55416

Median sale price$395K-8.1% YoY

Median price / sqft$246/sqft

Median days to close46 days

Active listings89

Source: Redfin Data Center (Invalid Date) · Zip 55416

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 width30 ft

Buildable depth90 ft

Area~2,687 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 2,687 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1247 CEDAR LAKE RD S MINNEAPOLIS MN 55416	KEVIN RUSSELL KNUTSON	RESIDENTIAL	$636,000	38 ft
1241 CEDAR LAKE RD S MINNEAPOLIS MN 55416	SCOTT NASH & JOEL DEGUZMAN	RESIDENTIAL	$1,187,000	40 ft
1253 CEDAR LAKE RD S MINNEAPOLIS MN 55416	NOAH BURROUGHS & KIRA LE	RESIDENTIAL	$780,000	76 ft
1237 CEDAR LAKE RD S MINNEAPOLIS MN 55416	H STEELE & M SORENSON	RESIDENTIAL	$462,900	80 ft
1233 CEDAR LAKE RD S MINNEAPOLIS MN 55416	DAWN M TURBES	RESIDENTIAL	$571,000	120 ft
1257 CEDAR LAKE RD S MINNEAPOLIS MN 55416	C J ROSENBAUM/P B ROSENBAUM	RESIDENTIAL	$568,800	124 ft
1244 LAKEVIEW AVE S MINNEAPOLIS MN 55416	MICHAEL J TIELEMAN	RESIDENTIAL	$483,300	144 ft
1240 LAKEVIEW AVE S MINNEAPOLIS MN 55416	D KLECKNER & C KLECKNER	RESIDENTIAL	$417,000	146 ft
1250 BROWNIE RD MINNEAPOLIS MN 55416	GLENN R CASPERS	RESIDENTIAL	$454,000	147 ft
1236 LAKEVIEW AVE S MINNEAPOLIS MN 55416	TERESA LUCILLE KANE	RESIDENTIAL	$488,200	158 ft

Property History

Most Recent Sale

Date201012

Price$1,000,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$25,588