3506 SHERIDAN AVE N MINNEAPOLIS MN 55412

PID: 0802924110134

Property Overview

Parcel ID0802924110134

Lot Size5,056 sq ft (0.116 ac)

Lot Dimensions (est.)127 ft wide × 40 ft deep

Year Built1946

Property ClassRESIDENTIAL

OwnerA R ERDMANN & C S ERDMANN

Assessed Value$232,200

Land Value$31,000

Building Value$201,200

Annual Tax$3,205

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

5 permits on record since 2017 · $32K total declared value · Most recent: Jun 2023 (remodel)

RemodelJun 2023Closed

$15K

Innovative Basement Authority

MiscMay 2023Closed

$17K

ALL ELEMENTS INC

ResJan 2021Closed

MN Plumbing & Home Services INC

ResDec 2017Closed

MINNESOTA PLUMBING AND HEATING INC

ExistresJul 2017Closed

ASSURED COMFORT HTG AND AIR COND LLC

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

Neighborhood Profile

Cleveland · Minneapolis

Median reported rent2,095/mo

Renter-occupied19.2%

Median home value$227K

Vacancy rate4.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1007

Market Snapshot

Zip code 55412

Median sale price$225K-2.2% YoY

Median price / sqft$172/sqft

Median days to close31 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55412

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 width30 ft

Buildable depth86 ft

Area~2,594 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 2,594 sqft buildable area.

Est. units

Yield on cost

3.1%

Spread

-2.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3500 SHERIDAN AVE N MINNEAPOLIS MN 55412	M E MERCADO & W S MERCADO	RESIDENTIAL	$224,800	40 ft
3510 SHERIDAN AVE N MINNEAPOLIS MN 55412	MARLAYNA R THOMAS	RESIDENTIAL	$178,200	40 ft
3514 SHERIDAN AVE N MINNEAPOLIS MN 55412	CITY OF LAKES COMM LAND TRST	—	$186,000	80 ft
3518 SHERIDAN AVE N MINNEAPOLIS MN 55412	ERIK RODGER SWENSON	RESIDENTIAL	$184,000	120 ft
3458 SHERIDAN AVE N MINNEAPOLIS MN 55412	SAMANTHA A MOUNT	RESIDENTIAL	$225,600	138 ft
3507 RUSSELL AVE N MINNEAPOLIS MN 55412	A APPLEQUIST & W APPLEQUIST	VACANT LAND-RESIDENTIAL	$15,000	141 ft
3511 RUSSELL AVE N MINNEAPOLIS MN 55412	NORMA CAROLINA ALFARO	RESIDENTIAL	$252,800	147 ft
3501 RUSSELL AVE N MINNEAPOLIS MN 55412	ALORA K JONES	RESIDENTIAL	$240,300	147 ft
3522 SHERIDAN AVE N MINNEAPOLIS MN 55412	JENNIFER SIMEK	RESIDENTIAL	$292,700	160 ft
3515 RUSSELL AVE N MINNEAPOLIS MN 55412	TRIO INVESTMENTS LLC	RESIDENTIAL	$149,000	162 ft

Property History

Most Recent Sale

Date201706

Price$198,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$3,205