1009 CEDAR LAKE RD S MINNEAPOLIS MN 55405

PID: 2902924420085

Property Overview

Parcel ID2902924420085

Lot Size10,016 sq ft (0.230 ac)

Lot Dimensions (est.)132 ft wide × 76 ft deep

Year Built1925

Property ClassRESIDENTIAL

OwnerO HENRIKSEN & H CURRY

Assessed Value$505,000

Land Value$238,000

Building Value$267,000

Annual Tax$7,787

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2019 · $3K total declared value · Most recent: Apr 2024 (existres)

ExistresApr 2024Expired

CENTERPOINT ENERGY

MiscJul 2022Closed

$3K

SMART BUILDERS INC

ResSep 2019Closed

Urban Pine Plumbing and Mechanical 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width122 ft

Buildable depth36 ft

Area~6,378 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 6,378 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1007 CEDAR LAKE RD S MINNEAPOLIS MN 55405	DOUGLAS R PEDERSON ET AL	RESIDENTIAL	$430,000	49 ft
1015 CEDAR LAKE RD S MINNEAPOLIS MN 55405	SCHUYLER LUETMER	RESIDENTIAL	$413,000	49 ft
1005 CEDAR LAKE RD S MINNEAPOLIS MN 55405	MATTHEW DOKKEN/AMY E DOKKEN	RESIDENTIAL	$550,400	96 ft
1021 CEDAR LAKE RD S MINNEAPOLIS MN 55405	C D CARVER & S K CARVER	RESIDENTIAL	$434,000	98 ft
1024 THOMAS AVE S MINNEAPOLIS MN 55405	PEGGY L & JAMES R ROKALA	RESIDENTIAL	$993,000	151 ft
1025 CEDAR LAKE RD S MINNEAPOLIS MN 55405	GREGORY ALAN ABEL	RESIDENTIAL	$639,800	170 ft
1000 CEDAR LAKE RD S MINNEAPOLIS MN 55405	WE WIN INSTITUTE INC	LAND-COMMERCIAL	$0	206 ft
1016 THOMAS AVE S MINNEAPOLIS MN 55405	ARIF A HAMID ET AL	RESIDENTIAL	$644,400	218 ft
1057 THOMAS AVE S MINNEAPOLIS MN 55405	TERI HARRIET BENNETT	RESIDENTIAL	$466,900	240 ft
1053 THOMAS AVE S MINNEAPOLIS MN 55405	J D GRABOWSKI/M D GRABOWSKI	RESIDENTIAL	$536,900	243 ft

Property History

Most Recent Sale

Date202208

Price$460,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,787