3539 CEDAR LAKE AVE MINNEAPOLIS MN 55416

PID: 3202924320078

Property Overview

Parcel ID3202924320078

Lot Size6,272 sq ft (0.144 ac)

Lot Dimensions (est.)53 ft wide × 117 ft deep

Year Built1932

Property ClassRESIDENTIAL

OwnerDOROTHY RICHMOND

Assessed Value$752,000

Land Value$445,000

Building Value$307,000

Annual Tax$12,478

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2009 · $95K total declared value · Most recent: Jun 2018 (existres)

ExistresJun 2018Closed

Midland HVAC LLC

Building Re-inspectionSep 2009

$95K

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

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 width40 ft

Buildable depth77 ft

Area~3,173 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 3,173 sqft buildable area.

Est. units

Yield on cost

1.7%

Spread

-3.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3535 CEDAR LAKE AVE MINNEAPOLIS MN 55416	JAMES ULLAND/KRISTIN ULLAND	RESIDENTIAL	$698,000	45 ft
3531 CEDAR LAKE AVE MINNEAPOLIS MN 55416	CHARLOTTE B SANFORD	RESIDENTIAL	$672,000	90 ft
2715 CHOWEN AVE S MINNEAPOLIS MN 55416	MARK KIRSTEIN	RESIDENTIAL	$720,600	127 ft
3527 CEDAR LAKE AVE MINNEAPOLIS MN 55416	MARK S WERNICK	RESIDENTIAL	$708,000	135 ft
2708 CHOWEN AVE S MINNEAPOLIS MN 55416	GENVEST PARTNERS LLC ET AL	RESIDENTIAL	$749,000	148 ft
2700 CHOWEN AVE S MINNEAPOLIS MN 55416	A H JACKSON & S MILLER	RESIDENTIAL	$875,900	152 ft
2712 CHOWEN AVE S MINNEAPOLIS MN 55416	JOSEPH SACK & DAVID HATCH	RESIDENTIAL	$730,800	166 ft
3523 CEDAR LAKE AVE MINNEAPOLIS MN 55416	JOSHUA D BUERMANN ET AL	RESIDENTIAL	$828,700	180 ft
2716 CHOWEN AVE S MINNEAPOLIS MN 55416	K M LONGO & J E PLUIMER	RESIDENTIAL	$763,600	193 ft
3528 28TH ST W MINNEAPOLIS MN 55416	NATHAN & TERESA M MARSTEN	RESIDENTIAL	$595,200	193 ft

Property History

Most Recent Sale

Date199706

Price$305,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$12,478