1201 LAKEVIEW AVE S MINNEAPOLIS MN 55416

PID: 2902924310040

Property Overview

Parcel ID2902924310040

Lot Size5,619 sq ft (0.129 ac)

Lot Dimensions (est.)70 ft wide × 80 ft deep

Year Built1937

Property ClassRESIDENTIAL

OwnerLILY YU REVOCABLE TRUST

Assessed Value$561,700

Land Value$220,000

Building Value$341,700

Annual Tax$8,878

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2006 · $80K total declared value · Most recent: Aug 2021 (existres)

ExistresAug 2021Closed

Janecky Plumbing Service Inc

ResJul 2021Closed

Murray Plumbing LLC

RemodelJul 2021Closed

$25K

SMC CONSTRUCTION

ResMay 2018Closed

CHAMPION PLUMBING LLC

Building Re-inspectionFeb 2006

$55K

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 depth40 ft

Area~2,283 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 2,283 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1211 LAKEVIEW AVE S MINNEAPOLIS MN 55416	PATRICIA BOHATY	RESIDENTIAL	$558,500	70 ft
1136 XERXES AVE S MINNEAPOLIS MN 55405	KELLY SHARON LAMPHEAR DASH	RESIDENTIAL	$448,300	72 ft
1144 XERXES AVE S MINNEAPOLIS MN 55405	AMY L SHELDON REVOCABLE TR	RESIDENTIAL	$558,000	119 ft
1129 XERXES AVE S MINNEAPOLIS MN 55405	LINDA N OAKES	RESIDENTIAL	$401,100	142 ft
1133 XERXES AVE S MINNEAPOLIS MN 55405	A GOODMAN & J GOODMAN	RESIDENTIAL	$650,900	146 ft
1219 LAKEVIEW AVE S MINNEAPOLIS MN 55416	GEORGE P SEEBACH	RESIDENTIAL	$500,000	154 ft
1125 XERXES AVE S MINNEAPOLIS MN 55405	M SKORO & R REZAC	RESIDENTIAL	$571,700	164 ft
1200 LAKEVIEW AVE S MINNEAPOLIS MN 55416	GAL ELISHVILI & NETANEL GUTT	RESIDENTIAL-TWO UNIT	$715,200	165 ft
1208 LAKEVIEW AVE S MINNEAPOLIS MN 55416	AMY JOHNS & ANDREW HEIRING	RESIDENTIAL	$599,000	170 ft
1212 LAKEVIEW AVE S MINNEAPOLIS MN 55416	SANDRA J RIEKKI	RESIDENTIAL	$457,200	187 ft

Property History

Most Recent Sale

Date201506

Price$450,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$8,878