2009 2ND ST N E MINNEAPOLIS MN 55418

PID: 1102924330159

Property Overview

Parcel ID1102924330159

Lot Size3,363 sq ft (0.077 ac)

Lot Dimensions (est.)66 ft wide × 51 ft deep

Year Built1930

Property ClassRESIDENTIAL

OwnerRANDY S NELSON

Assessed Value$258,000

Land Value$91,000

Building Value$167,000

Annual Tax$3,994

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

1 permit on record since 2023 · $15K total declared value · Most recent: Oct 2023 (misc)

MiscOct 2023Expired

$15K

TEAM CONSTRUCTION LLC

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 width44 ft

Buildable depth22 ft

Area~934 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 934 sqft buildable area.

Est. units

Yield on cost

3.2%

Spread

-2.3%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
203 20TH AVE N E MINNEAPOLIS MN 55418	BENJAMIN THOMAS NHAN	RESIDENTIAL-TWO UNIT	$351,300	67 ft
2015 2ND ST N E MINNEAPOLIS MN 55418	KEITH BRIGGS	RESIDENTIAL-TWO UNIT	$341,700	68 ft
201 20TH AVE N E MINNEAPOLIS MN 55418	SAMAR ALZOUBI INC	RESIDENTIAL-TWO UNIT	$344,700	69 ft
207 20TH AVE N E MINNEAPOLIS MN 55418	MORIAH TRAN	RESIDENTIAL-TWO UNIT	$422,400	78 ft
2019 2ND ST N E MINNEAPOLIS MN 55418	TERRANCE M BARTLETT JR	RESIDENTIAL-TWO UNIT	$417,300	100 ft
2021 2ND ST N E MINNEAPOLIS MN 55418	SUSANNAH DODGE	RESIDENTIAL	$324,400	136 ft
213 20TH AVE N E MINNEAPOLIS MN 55418	ALEX FLAVIN BAUER	RESIDENTIAL	$678,000	144 ft
2101 2ND ST N E MINNEAPOLIS MN 55418	K KETO & N KETO-PARRIS	RESIDENTIAL	$377,700	173 ft
2105 2ND ST N E MINNEAPOLIS MN 55418	MARIA E CHALCO CRIOLLO	RESIDENTIAL	$364,200	211 ft
2010 3RD ST N E MINNEAPOLIS MN 55418	JULIA MIGLETS & DAN NELSON	RESIDENTIAL	$199,000	215 ft

Property History

Current Tax Year

Year2026

Tax Due$3,994