429 20TH AVE N E MINNEAPOLIS MN 55418

PID: 1102924340042

Property Overview

Parcel ID1102924340042

Lot Size4,542 sq ft (0.104 ac)

Lot Dimensions (est.)42 ft wide × 109 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerJOHN A RUSSINIK

Assessed Value$258,000

Land Value$111,000

Building Value$147,000

Annual Tax$3,667

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2021 · Most recent: Oct 2021 (res)

ResOct 2021Closed

Paul Bunyan Plumbing, LLC

ExistresOct 2021Closed

Hoffman Refrigeration and Heating Ltd

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

Neighborhood Profile

Holland · 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

UN2Urban Neighborhood 2

Urban Neighborhood 2 — moderate-density residential

Typical Uses

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

Max Height35 ft

Development Potential

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width29 ft

Buildable depth69 ft

Area~1,981 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 1,981 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
425 20TH AVE N E MINNEAPOLIS MN 55418	MOHAMUD O ISSE ET AL	RESIDENTIAL	$414,800	41 ft
421 20TH AVE N E MINNEAPOLIS MN 55418	DAVID M BOGENSCHULTZ ET AL	RESIDENTIAL	$199,500	82 ft
2012 5TH ST N E MINNEAPOLIS MN 55418	SHARALYN H CUPRYNA	RESIDENTIAL	$215,600	103 ft
417 20TH AVE N E MINNEAPOLIS MN 55418	T M MICHIEKA & A O SAIBOU	RESIDENTIAL	$230,300	123 ft
2018 5TH ST N E MINNEAPOLIS MN 55418	NATHAN GUNN	RESIDENTIAL-TWO UNIT	$343,700	151 ft
1928 5TH ST N E MINNEAPOLIS MN 55418	M W LAFAVOR & L J BONICELLI	RESIDENTIAL	$382,000	151 ft
415 20TH AVE N E MINNEAPOLIS MN 55418	JAN CARLSON ET AL	RESIDENTIAL	$253,100	165 ft
2005 5TH ST N E MINNEAPOLIS MN 55418	CHARLES HORACE MAYO III	RESIDENTIAL	$292,000	169 ft
2001 5TH ST N E MINNEAPOLIS MN 55418	STANLEY D HAWTHORNE	RESIDENTIAL-TWO UNIT	$334,100	172 ft
2013 5TH ST N E MINNEAPOLIS MN 55418	ADAM LEE	RESIDENTIAL	$280,300	176 ft

Property History

Most Recent Sale

Date198909

Price$50,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,667