2709 DREW AVE S MINNEAPOLIS MN 55416

PID: 3202924320011

Property Overview

Parcel ID3202924320011

Lot Size11,547 sq ft (0.265 ac)

Lot Dimensions (est.)128 ft wide × 90 ft deep

Year Built1932

Property ClassRESIDENTIAL

OwnerDESMOND J M WHITNEY TRUST

Assessed Value$1,052,300

Land Value$462,000

Building Value$590,300

Annual Tax$18,159

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2007 · $215K total declared value · Most recent: Apr 2024 (misc)

MiscApr 2024Closed

$15K

Summit Construction Group

ResOct 2021Closed

SEDGWICK HEATING & AIR CONDITIONING

ExistresSep 2021Closed

Standard Heating and Air Conditioning Inc

ExistresJan 2020Closed

Standard Heating and Air Conditioning Inc

Building Re-inspectionApr 2007

$200K

Source: Minneapolis open data. Declared construction values are applicant-reported and may not reflect actual project cost.

Neighborhood Profile

Cedar - Isles - Dean · Minneapolis

Median reported rent1,749/mo

Renter-occupied47.2%

Median home value$827K

Vacancy rate7.0%

ACS rents reflect current tenant leases and may differ from new market rents.

Source: 2022 ACS 5-Year Estimates · Census Tract 1065

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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width80 ft

Buildable depth88 ft

Area~7,054 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 sfr / adu benchmarks for 7,054 sqft buildable area.

Est. units

Yield on cost

2.4%

Spread

-3.1%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2705 DREW AVE S MINNEAPOLIS MN 55416	PAUL R GREENBLATT ET AL	RESIDENTIAL	$775,300	75 ft
2717 DREW AVE S MINNEAPOLIS MN 55416	B GORBATY & M GORBATY	RESIDENTIAL	$1,052,900	78 ft
3611 CEDAR LAKE AVE MINNEAPOLIS MN 55416	CITY OF MPLS	LAND-COMMERCIAL	$0	108 ft
3625 CEDAR LAKE AVE MINNEAPOLIS MN 55416	STACI SYBESMA REV INT TRUST	RESIDENTIAL	$827,500	130 ft
2708 CHOWEN AVE S MINNEAPOLIS MN 55416	GENVEST PARTNERS LLC ET AL	RESIDENTIAL	$749,000	138 ft
2712 CHOWEN AVE S MINNEAPOLIS MN 55416	JOSEPH SACK & DAVID HATCH	RESIDENTIAL	$730,800	142 ft
2725 DREW AVE S MINNEAPOLIS MN 55416	G G KONDRASUK & KUANHUI LEE	RESIDENTIAL	$1,100,400	153 ft
2716 CHOWEN AVE S MINNEAPOLIS MN 55416	K M LONGO & J E PLUIMER	RESIDENTIAL	$763,600	157 ft
3617 CEDAR LAKE AVE MINNEAPOLIS MN 55416	CITY OF MPLS	LAND-COMMERCIAL	$0	165 ft
2700 CHOWEN AVE S MINNEAPOLIS MN 55416	A H JACKSON & S MILLER	RESIDENTIAL	$875,900	172 ft

Property History

Most Recent Sale

Date199604

Price$260,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$18,159