2405 MARSHALL ST N E MINNEAPOLIS MN 55418

PID: 1002924410139

Property Overview

Parcel ID1002924410139

Lot Size7,047 sq ft (0.162 ac)

Lot Dimensions (est.)175 ft wide × 40 ft deep

Year Built1986

Property ClassRESIDENTIAL-TWO UNIT

OwnerSARA 2405 MARSHALL LLC

Assessed Value$406,800

Land Value$108,000

Building Value$298,800

Annual Tax$7,725

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Green Zone — NorthHigh

Located in the Minneapolis North Green Zone (incl NE) — priority access to Great Streets financing, energy cost-share programs, and CPED gap financing.

Minneapolis Green Zones ↗

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Great Streets Gap FinancingMedium

Below-market loans for commercial real estate development and rehabilitation on eligible corridors; priority given to Green Zone and ACP50 locations.

Minneapolis Great Streets — Gap Financing ↗

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Environmental Response FundMedium

Grants and loans for contamination assessment and cleanup on eligible redevelopment sites; does not indicate known contamination.

Minneapolis — Brownfield Grants ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

Bottineau · Minneapolis

Median reported rent1,578/mo

Renter-occupied61.3%

Median home value$320K

Vacancy rate9.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 17

Market Snapshot

Zip code 55418

Median sale price$345K-3.1% YoY

Median price / sqft$222/sqft

Median days to close36 days

Active listings42

Source: Redfin Data Center (Invalid Date) · Zip 55418

Zoning

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth136 ft

Area~4,085 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 3-story wood frame (5–12 units) benchmarks for 4,085 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2401 MARSHALL ST N E MINNEAPOLIS MN 55418	D C ASLESON & E MAURER	RESIDENTIAL	$289,300	40 ft
2409 MARSHALL ST N E MINNEAPOLIS MN 55418	L A & M J PRANGHOFER	RESIDENTIAL	$341,800	40 ft
2333 MARSHALL ST N E MINNEAPOLIS MN 55418	T CAMPBELL & K CAMPBELL	RESIDENTIAL	$586,000	80 ft
2415 MARSHALL ST N E MINNEAPOLIS MN 55418	ANGEL PEDRO GUALLPA	RESIDENTIAL-TWO UNIT	$388,300	81 ft
2329 MARSHALL ST N E MINNEAPOLIS MN 55418	E F MAURER & D ASLESON	RESIDENTIAL	$345,000	120 ft
2327 MARSHALL ST N E MINNEAPOLIS MN 55418	HAWTHORNE PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$479,100	166 ft
2406 GRAND ST N E MINNEAPOLIS MN 55418	T WOSER & T C WOSER	RESIDENTIAL	$370,700	186 ft
2400 GRAND ST N E MINNEAPOLIS MN 55418	COREY MCCRACKEN	RESIDENTIAL	$377,400	190 ft
2410 GRAND ST N E MINNEAPOLIS MN 55418	RICHARD G ZETAH ET AL	RESIDENTIAL	$288,200	191 ft
2414 GRAND ST N E MINNEAPOLIS MN 55418	RACHEL SMITH	RESIDENTIAL	$271,200	203 ft

Property History

Most Recent Sale

Date202210

Price$351,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,725