2529 PIERCE ST N E MINNEAPOLIS MN 55418

PID: 1202924240023

Property Overview

Parcel ID1202924240023

Lot Size4,743 sq ft (0.109 ac)

Lot Dimensions (est.)128 ft wide × 37 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerJOHN J METHOD

Assessed Value$265,600

Land Value$108,000

Building Value$157,600

Annual Tax$3,794

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

Permit History

4 permits on record since 2018 · $6K total declared value · Most recent: Oct 2021 (existres)

ExistresOct 2021Closed

Home Energy Center Inc

MiscJun 2019Closed

$933

THE HOME DEPOT

ExistresAug 2018Closed

Home Energy Center Inc

MiscAug 2018Closed

$5K

BOLECHOWSKI CONSTRUCTION LLC

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

Neighborhood Profile

Audubon Park · Minneapolis

Median reported rent1,414/mo

Renter-occupied47.2%

Median home value$288K

Vacancy rate1.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 11

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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width27 ft

Buildable depth88 ft

Area~2,380 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 2,380 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2531 PIERCE ST N E MINNEAPOLIS MN 55418	PIERCE ST ENTERPRISES LLC	RESIDENTIAL-TWO UNIT	$278,400	37 ft
2525 PIERCE ST N E MINNEAPOLIS MN 55418	CAROLINE A CASEY	RESIDENTIAL	$363,200	37 ft
2533 PIERCE ST N E MINNEAPOLIS MN 55418	L J HAMANN & R A P LEONCI	RESIDENTIAL	$328,800	74 ft
2521 PIERCE ST N E MINNEAPOLIS MN 55418	KEVIN J HAUBRICH	RESIDENTIAL	$309,700	74 ft
2537 PIERCE ST N E MINNEAPOLIS MN 55418	JENNIFER GWYN RIZER	RESIDENTIAL	$246,800	111 ft
2519 PIERCE ST N E MINNEAPOLIS MN 55418	N PETERSON & K LINDEMAN	RESIDENTIAL	$328,200	111 ft
2526 BUCHANAN ST N E MINNEAPOLIS MN 55418	LAUREL ANDERSON	RESIDENTIAL	$337,300	138 ft
2524 BUCHANAN ST N E MINNEAPOLIS MN 55418	CORVIN BOLL	RESIDENTIAL	$262,800	142 ft
2530 BUCHANAN ST N E MINNEAPOLIS MN 55418	J BATES & J T BATES	RESIDENTIAL	$397,700	143 ft
2539 PIERCE ST N E MINNEAPOLIS MN 55418	PIERCE LLC	RESIDENTIAL-TWO UNIT	$324,500	148 ft

Property History

Most Recent Sale

Date198507

Price$61,831

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$3,794