2723 SHERIDAN AVE N MINNEAPOLIS MN 55411

PID: 0802924440077

Property Overview

Parcel ID0802924440077

Lot Size5,127 sq ft (0.118 ac)

Lot Dimensions (est.)128 ft wide × 40 ft deep

Year Built1915

Property ClassRESIDENTIAL

OwnerBLUE SAXON

Assessed Value$153,900

Land Value$29,000

Building Value$124,900

Annual Tax$2,372

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

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

Jordan · 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 width30 ft

Buildable depth88 ft

Area~2,645 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 2,645 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

Loading map…

Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2719 SHERIDAN AVE N MINNEAPOLIS MN 55411	NICOLLET PROPERTIES LLC	RESIDENTIAL	$142,400	40 ft
2729 SHERIDAN AVE N MINNEAPOLIS MN 55411	DANE LIMITED LLC	RESIDENTIAL	$172,500	50 ft
2715 SHERIDAN AVE N MINNEAPOLIS MN 55411	MICHAEL DEPRIEST REV TRUST	RESIDENTIAL	$192,600	80 ft
2735 SHERIDAN AVE N MINNEAPOLIS MN 55411	JOSEPH KELLY ERICKSON	RESIDENTIAL	$249,500	110 ft
2711 SHERIDAN AVE N MINNEAPOLIS MN 55411	PETER NGUYEN	RESIDENTIAL	$99,000	120 ft
2722 THOMAS AVE N MINNEAPOLIS MN 55411	JAMES SWARTWOOD	RESIDENTIAL	$123,000	142 ft
2718 THOMAS AVE N MINNEAPOLIS MN 55411	EBONY MITCHELL	RESIDENTIAL	$320,000	147 ft
2726 THOMAS AVE N MINNEAPOLIS MN 55411	ELIJAH WARREN	RESIDENTIAL	$342,000	148 ft
2739 SHERIDAN AVE N MINNEAPOLIS MN 55411	VANESSA SMITH	RESIDENTIAL	$176,200	160 ft
2707 SHERIDAN AVE N MINNEAPOLIS MN 55411	MIREYA VASQUEZ CAMPUZANO	RESIDENTIAL	$178,700	160 ft

Property History

Most Recent Sale

Date202506

Price$80,101

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$2,372