3015 SHERIDAN AVE N MINNEAPOLIS MN 55411

PID: 0802924410209

Property Overview

Parcel ID0802924410209

Lot Size5,389 sq ft (0.124 ac)

Lot Dimensions (est.)127 ft wide × 42 ft deep

Year Built1906

Property ClassRESIDENTIAL

OwnerM&M STAFFING LLC

Assessed Value$200,500

Land Value$30,000

Building Value$170,500

Annual Tax$3,090

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Development Opportunities

Qualified Census Tract (QCT)High

Within a HUD-designated Qualified Census Tract — LIHTC projects here receive a 30% basis boost, significantly increasing the tax credit allocation for affordable housing development.

HUD — LIHTC Qualified Census Tracts ↗

Potential programs

LIHTC 30% Basis BoostMedium

Affordable housing developments in QCTs receive a 30% increase in eligible basis for Low Income Housing Tax Credits — materially improving project feasibility. Allocated through MHFA.

HUD — LIHTC Qualified Census Tracts ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Minneapolis

Median reported rent1,191/mo

Renter-occupied51.1%

Median home value$173K

Vacancy rate6.8%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1013

Market Snapshot

Zip code 55411

Median sale price$243K-2.9% YoY

Median price / sqft$140/sqft

Median days to close40 days

Active listings67

Source: Redfin Data Center (Invalid Date) · Zip 55411

Zoning

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

·Duplexes
·Triplexes
·Small apartment buildings (≤4 units)

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth88 ft

Area~2,823 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 small multifamily (2–4 units, wood frame) benchmarks for 2,823 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
3019 SHERIDAN AVE N MINNEAPOLIS MN 55411	KEITH D MALMER	RESIDENTIAL	$167,400	42 ft
3011 SHERIDAN AVE N MINNEAPOLIS MN 55411	DUNG VAN PHAN	RESIDENTIAL	$152,700	42 ft
3023 SHERIDAN AVE N MINNEAPOLIS MN 55411	KL MN 2 LLC	RESIDENTIAL	$153,800	84 ft
3007 SHERIDAN AVE N MINNEAPOLIS MN 55411	PREMRAJSINGH RAMSAROOP	RESIDENTIAL	$198,500	85 ft
3001 SHERIDAN AVE N MINNEAPOLIS MN 55411	AUDREY MADAN & ALINA MADAN	RESIDENTIAL	$126,000	126 ft
3027 SHERIDAN AVE N MINNEAPOLIS MN 55411	BUSISIWE LEDIBANE HANDS	RESIDENTIAL	$211,000	127 ft
3014 THOMAS AVE N MINNEAPOLIS MN 55411	SONIA MENDEZ CABRERA	RESIDENTIAL	$161,200	141 ft
3010 THOMAS AVE N MINNEAPOLIS MN 55411	P A ROMERO & E A O ESPINOZA	RESIDENTIAL	$150,600	147 ft
3018 THOMAS AVE N MINNEAPOLIS MN 55411	JANA SAMBELASHVILI	RESIDENTIAL	$170,400	148 ft
3006 THOMAS AVE N MINNEAPOLIS MN 55411	S DILLON & B RINACA	RESIDENTIAL	$194,900	164 ft

Property History

Most Recent Sale

Date201910

Price$70,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,090