2002 W LAKE OF ISLES PKWY MINNEAPOLIS MN 55405

PID: 3302924220002

Property Overview

Parcel ID3302924220002

Lot Size19,788 sq ft (0.454 ac)

Lot Dimensions (est.)146 ft wide × 135 ft deep

Year Built1899

Property ClassRESIDENTIAL

OwnerJOHN LARSEN & M STEWART

Assessed Value$3,298,100

Land Value$1,696,000

Building Value$1,602,100

Annual Tax$61,093

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2021 · $63K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Closed

$44K

KAUFMAN SHEET METAL ROOFING INC

AdditionMay 2022Closed

$12K

WELCH FORSMAN ASSOCS INC

ResApr 2022Closed

CenterPoint Energy Resource Corp

MiscJul 2021Closed

$7K

KAUFMAN SHEET METAL ROOFING INC

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

Neighborhood Profile

Kenwood · 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 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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Estimated · verify frontage

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 width133 ft

Buildable depth95 ft

Area~10,093 sqft

Corner-lot envelopes may require contextual setback review and should be treated as planning estimates.

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 10,093 sqft buildable area.

Est. units

Yield on cost

2.0%

Spread

-3.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2012 W LAKE OF ISLES PKWY MINNEAPOLIS MN 55405	LAKE OF THE ISLES ENGLISH LU	RESIDENTIAL	$0	96 ft
1917 FRANKLIN AVE W MINNEAPOLIS MN 55405	ALBERT W LINDEKE III ET AL	RESIDENTIAL	$1,397,600	124 ft
2020 W LAKE OF ISLES PKWY MINNEAPOLIS MN 55405	LAKE OF ISLES ENG LUTH CH	COMMERCIAL-PREFERRED	$0	171 ft
1912 21ST ST W MINNEAPOLIS MN 55405	ADDINGTON MUENCH REV LIV TR	RESIDENTIAL	$651,600	179 ft
1921 FRANKLIN AVE W MINNEAPOLIS MN 55405	JON T ZACHMAN	RESIDENTIAL	$1,383,300	203 ft
1916 21ST ST W MINNEAPOLIS MN 55405	M MC GUE & B A HIRSCH	RESIDENTIAL	$852,800	212 ft
1920 21ST ST W MINNEAPOLIS MN 55405	BENCHMARK INVESTMENTS LLC	RESIDENTIAL	$922,300	255 ft
2001 FRANKLIN AVE W MINNEAPOLIS MN 55405	KRISTIN C DEVINE	RESIDENTIAL	$1,079,300	257 ft
2000 21ST ST W MINNEAPOLIS MN 55405	J B SILVIS & M D SPIES	RESIDENTIAL	$928,000	302 ft
2007 FRANKLIN AVE W MINNEAPOLIS MN 55405	2007 FRANKLIN LLC	RESIDENTIAL	$690,200	312 ft

Property History

Most Recent Sale

Date201103

Price$1,350,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$61,093