2415 2ND ST N E MINNEAPOLIS MN 55418

PID: 1102924320173

Property Overview

Parcel ID1102924320173

Lot Size733 sq ft (0.017 ac)

Lot Dimensions (est.)52 ft wide × 14 ft deep

Year Built2017

Property ClassTOWNHOUSE

OwnerVALUE HOMES LLC

Assessed Value$376,000

Land Value$25,800

Building Value$350,200

Annual Tax$5,821

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

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

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 ↗

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

Permit History

3 permits on record since 2017 · $12K total declared value · Most recent: Feb 2018 (res)

ResFeb 2018Closed

Air Mechanical Inc

NewresJan 2018Closed

$12K

Air Mechanical Inc

ResMay 2017Closed

M and S Plumbing Inc

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

Neighborhood Profile

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 width4 ft

Buildable depth12 ft

Area~49 sqft

Estimates based on typical zoning setbacks. Actual requirements may vary by lot, overlay, or conditional approval.

Development Feasibility

Potentially Feasible

Back-of-envelope estimate based on sfr / adu benchmarks for 49 sqft buildable area.

Est. units

Yield on cost

27.0%

Spread

+21.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2417 2ND ST N E MINNEAPOLIS MN 55418	VALUE HOMES LLC	TOWNHOUSE	$376,000	14 ft
2413 2ND ST N E MINNEAPOLIS MN 55418	VALUE HOMES LLC	TOWNHOUSE	$393,000	14 ft
2419 2ND ST N E MINNEAPOLIS MN 55418	VALUE HOMES LLC	TOWNHOUSE	$393,000	28 ft
2421 2ND ST N E MINNEAPOLIS MN 55418	VALUE HOMES LLC	TOWNHOUSE	$393,000	56 ft
2419 2ND ST N E MINNEAPOLIS MN 55418	W LINE ON SEC T/H ASSOC INC	COMMON AREA	$0	56 ft
2423 2ND ST N E MINNEAPOLIS MN 55418	VALUE HOMES LLC	TOWNHOUSE	$376,000	70 ft
2425 2ND ST N E MINNEAPOLIS MN 55418	VALUE HOMES LLC	TOWNHOUSE	$393,000	84 ft
2407 2ND ST N E MINNEAPOLIS MN 55418	LOWRY HOMES NE HOLDINGS LLC	APARTMENT	$2,143,000	100 ft
200 LOWRY AVE N E MINNEAPOLIS MN 55418	2427 2ND STREET LLC	RESIDENTIAL-TWO UNIT	$357,000	126 ft
216 LOWRY AVE N E MINNEAPOLIS MN 55418	UMAMI CUISINE LLC	LAND-COMMERCIAL	$53,700	176 ft

Property History

Current Tax Year

Year2026

Tax Due$5,821