3116 Lake St
Minneapolis, MN 55416
1 bd 1 ba 950 sqft Built 2007 Lot 98,489 sqft condos
Most recent sale
$245,000
Aug 31, 2022
Location
Timeline: Sale, Listing & Tax History
Recorded events
| Date | Event | Price | Source |
|---|---|---|---|
| Aug 11, 2023 | Sold | $255,000 | NorthstarMLS |
| Aug 31, 2022 | Sold | $245,000 | MLS #6222799 |
| Aug 1, 2022 | Price changed | $249,000 | MLS #6222799 |
| Jul 6, 2022 | Price changed | $255,000 | MLS #6222799 |
| Jun 20, 2022 | Listed | $265,000 | MLS #6222799 |
| Aug 24, 2007 | Sold | $231,983 | Public Record |
Tax assessment history
| Year | Building | Land | Total assessed | Tax paid |
|---|---|---|---|---|
| 2022 | $208,000 | $14,000 | $222,000 | $3,076 |
| 2021 | $198,400 | $16,600 | $215,000 | $2,879 |
| 2020 | $198,400 | $16,600 | $215,000 | $3,118 |
| 2019 | $198,400 | $16,600 | $215,000 | $3,114 |
| 2018 | $191,900 | $16,600 | $208,500 | $2,930 |
| 2017 | $178,400 | $16,600 | $195,000 | $2,717 |
| 2016 | $159,900 | $16,600 | $176,500 | $2,676 |
| 2015 | $151,900 | $16,600 | $168,500 | $2,607 |
| 2014 | $139,900 | $16,600 | $156,500 | $2,689 |
| 2013 | $133,900 | $16,600 | $150,500 | $3,069 |
| 2012 | $157,400 | $13,600 | $171,000 | $3,260 |
| 2011 | $172,900 | $13,600 | $186,500 | $3,279 |
| 2010 | $183,100 | $13,600 | $196,700 | $3,115 |
| 2009 | $200,200 | $13,600 | $213,800 | $3,326 |
Property facts
Year built
2007
Property type
condos
Stories
1
Beds
1
Baths
1
Living area
950 sqft
Lot size
98,489 sqft
ZIP code
55416
City
Minneapolis
Street
Lake St
Coordinates
44.94988, -93.31893
Comparable properties nearby
Block-level micro-comps
Same street, ±3 house numbers, sold in the last 24 monthsInvestment analysis
Estimates based on local averages — not personalized adviceEstimated monthly rent
$1,425
Gross rental yield
6.98%
Implied cap rate
4.54%
Trend-extrapolated value
—
Frequently asked questions
When did 3116 Lake St last sell?
3116 Lake St most recently sold on Aug 31, 2022 for $245,000.
What is the current tax assessment for 3116 Lake St?
The most recent total assessment for 3116 Lake St (year 2022) is $222,000 with $3,076 in property tax.
How does 3116 Lake St's assessment compare to its last sale price?
The current assessment is 9.4% below the last sale price of $245,000.
When was 3116 Lake St built?
3116 Lake St was built in 2007.
How does 3116 Lake St compare to others on Lake St?
We track 8 other properties on Lake St. Browse the list under "Other properties on Lake St" to compare beds, baths, and sale history.
What are the property facts for 3116 Lake St?
3116 Lake St is a 1 bed, 1 bath, 950 sqft, 98,489 sqft lot condos.
Is 3116 Lake St a flip candidate?
No — 3116 Lake St does not appear in our flips dataset.
Is 3116 Lake St a tax-appeal candidate?
No — 3116 Lake St is not currently flagged as a tax-appeal candidate.
Forecast for this area
ZIP-area linear projection — not a per-property automated valuationQuarterly trend
+0.5%
Implied 1-yr
+2.1%
2026 Q3
$588.5K
2026 Q4
$588.5K
ZIP 55416 — Median Price History + Forecast
Explore nearby
Geography
Other properties on Lake St