1216 LAKEVIEW AVE S MINNEAPOLIS MN 55416

PID: 2902924310035

Property Overview

Parcel ID2902924310035

Lot Size5,177 sq ft (0.119 ac)

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

Year Built1959

Property ClassRESIDENTIAL

OwnerELLENNE A WEBER

Assessed Value$636,500

Land Value$211,000

Building Value$425,500

Annual Tax$10,293

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2022 · $62K total declared value · Most recent: Sep 2023 (misc)

MiscSep 2023Closed

$13K

LEGACY RESTORATION LLC

MiscJun 2023Closed

$13K

LEGACY RESTORATION LLC

MiscSep 2022Closed

$36K

RENEWAL BY ANDERSEN CORP

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 depth89 ft

Area~2,679 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 2,679 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
1212 LAKEVIEW AVE S MINNEAPOLIS MN 55416	SANDRA J RIEKKI	RESIDENTIAL	$457,200	40 ft
1224 LAKEVIEW AVE S MINNEAPOLIS MN 55416	SHANNON LORENZ	RESIDENTIAL	$643,100	65 ft
1208 LAKEVIEW AVE S MINNEAPOLIS MN 55416	AMY JOHNS & ANDREW HEIRING	RESIDENTIAL	$599,000	85 ft
1228 LAKEVIEW AVE S MINNEAPOLIS MN 55416	L HANSEN & R OESTERREICH	RESIDENTIAL	$739,400	144 ft
1200 LAKEVIEW AVE S MINNEAPOLIS MN 55416	GAL ELISHVILI & NETANEL GUTT	RESIDENTIAL-TWO UNIT	$715,200	145 ft
1217 CEDAR LAKE RD S MINNEAPOLIS MN 55416	M D KINNEE & G H JOHNSON	RESIDENTIAL	$553,900	146 ft
1221 CEDAR LAKE RD S MINNEAPOLIS MN 55416	L D MONSON & S J MONSON	RESIDENTIAL	$478,700	148 ft
1215 CEDAR LAKE RD S MINNEAPOLIS MN 55416	ANDREW BERG & LAUREN NOVAK	RESIDENTIAL	$577,800	154 ft
1225 CEDAR LAKE RD S MINNEAPOLIS MN 55416	L R WASSERMAN & A S KLAPACH	RESIDENTIAL	$862,000	159 ft
1209 CEDAR LAKE RD S MINNEAPOLIS MN 55416	SYLVIA N QUILES	RESIDENTIAL	$419,000	172 ft

Property History

Most Recent Sale

Date201604

Price$492,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$10,293