1200 LAKEVIEW AVE S MINNEAPOLIS MN 55416

PID: 2902924310038

Property Overview

Parcel ID2902924310038

Lot Size9,060 sq ft (0.208 ac)

Lot Dimensions (est.)70 ft wide × 130 ft deep

Year Built1949

Property ClassRESIDENTIAL-TWO UNIT

OwnerGAL ELISHVILI & NETANEL GUTT

Assessed Value$715,200

Land Value$265,000

Building Value$450,200

Annual Tax$14,592

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

9 permits on record since 2017 · $51K total declared value · Most recent: Sep 2024 (existres)

ExistresSep 2024Inspection

MAJESTIC CUSTOM HEATING & AIR CONDITIONING

ResJun 2017Closed

Mike's Custom Mechanical Inc

ResMay 2017Cancelled

ST PAUL PLUMBING AND HEATING CO INC

MiscMay 2017Closed

$900

FINAL SOLUTIONS WATERPROOFING LLC

ExistresMar 2017Closed

ST PAUL PLUMBING AND HEATING CO 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 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

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 width57 ft

Buildable depth90 ft

Area~5,094 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 5,094 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
1208 LAKEVIEW AVE S MINNEAPOLIS MN 55416	AMY JOHNS & ANDREW HEIRING	RESIDENTIAL	$599,000	60 ft
1212 LAKEVIEW AVE S MINNEAPOLIS MN 55416	SANDRA J RIEKKI	RESIDENTIAL	$457,200	105 ft
1201 CEDAR LAKE RD S MINNEAPOLIS MN 55416	KATHLEEN J NYE	RESIDENTIAL	$700,600	144 ft
1216 LAKEVIEW AVE S MINNEAPOLIS MN 55416	ELLENNE A WEBER	RESIDENTIAL	$636,500	145 ft
1209 CEDAR LAKE RD S MINNEAPOLIS MN 55416	SYLVIA N QUILES	RESIDENTIAL	$419,000	153 ft
1117 XERXES AVE S MINNEAPOLIS MN 55405	SHARON K BOCHERT	RESIDENTIAL	$574,700	154 ft
1121 XERXES AVE S MINNEAPOLIS MN 55405	T P SALDEN & N M SALDEN	RESIDENTIAL	$608,900	156 ft
1201 LAKEVIEW AVE S MINNEAPOLIS MN 55416	LILY YU REVOCABLE TRUST	RESIDENTIAL	$561,700	165 ft
1115 XERXES AVE S MINNEAPOLIS MN 55405	JARED MEHRE	RESIDENTIAL	$486,800	167 ft
1215 CEDAR LAKE RD S MINNEAPOLIS MN 55416	ANDREW BERG & LAUREN NOVAK	RESIDENTIAL	$577,800	171 ft

Property History

Most Recent Sale

Date202110

Price$775,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$14,592