2540 PIERCE ST N E MINNEAPOLIS MN 55418

PID: 1202924240186

Property Overview

Parcel ID1202924240186

Lot Size5,302 sq ft (0.122 ac)

Lot Dimensions (est.)126 ft wide × 42 ft deep

Year Built1909

Property ClassRESIDENTIAL

OwnerJ M SHADOWENS/J E BURROWS

Assessed Value$497,000

Land Value$115,000

Building Value$382,000

Annual Tax$7,669

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2017 · $34K total declared value · Most recent: Mar 2022 (res)

ResMar 2022Closed

CenterPoint Energy Resource Corp

ExistresJul 2017Closed

Midland HVAC LLC

ResJun 2017Closed

Farr Plumbing and Heating LLC

RemodelMar 2017Closed

$34K

A SQUARED DESIGN 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

UN1Urban Neighborhood 1

Urban Neighborhood 1 — low-density residential

Typical Uses

·Single-family homes
·Duplexes
·Accessory dwelling units

Max Height35 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width32 ft

Buildable depth86 ft

Area~2,760 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 2,760 sqft buildable area.

Est. units

Yield on cost

2.6%

Spread

-2.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
2542 PIERCE ST N E MINNEAPOLIS MN 55418	G M LINDBACK & S J DAVIDSON	RESIDENTIAL	$300,400	42 ft
2536 PIERCE ST N E MINNEAPOLIS MN 55418	CHRISTINE A KULHANEK	RESIDENTIAL	$268,100	42 ft
2544 PIERCE ST N E MINNEAPOLIS MN 55418	MELISSA A HAUGESAG ET AL	RESIDENTIAL-TWO UNIT	$492,100	84 ft
2532 PIERCE ST N E MINNEAPOLIS MN 55418	KIRSTIN D PARKER	RESIDENTIAL	$324,800	84 ft
2528 PIERCE ST N E MINNEAPOLIS MN 55418	L M PROESCHOLDT/J C A FREUDE	RESIDENTIAL	$341,100	126 ft
2548 PIERCE ST N E MINNEAPOLIS MN 55418	E A LARSON & M J C LARSON	RESIDENTIAL-TWO UNIT	$430,700	129 ft
2539 FILLMORE ST N E MINNEAPOLIS MN 55418	FILLMORE MANOR LLC	APARTMENT	$716,000	142 ft
2545 FILLMORE ST N E MINNEAPOLIS MN 55418	JASON L ERICSON	RESIDENTIAL-TWO UNIT	$393,500	145 ft
2537 FILLMORE ST N E MINNEAPOLIS MN 55418	S KLUTHO & M MALANAPHY	RESIDENTIAL	$333,000	147 ft
1210 26TH AVE N E MINNEAPOLIS MN 55418	JONATHAN SOLIE/RACHEL SOLIE	RESIDENTIAL	$244,700	162 ft

Property History

Most Recent Sale

Date201210

Price$251,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,669