2243 PIERCE ST N E MINNEAPOLIS MN 55418

PID: 1202924310121

Property Overview

Parcel ID1202924310121

Lot Size6,231 sq ft (0.143 ac)

Lot Dimensions (est.)125 ft wide × 50 ft deep

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerTHEERDHA BODDU

Assessed Value$366,200

Land Value$126,000

Building Value$240,200

Annual Tax$6,955

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2022 · $32K total declared value · Most recent: Mar 2023 (addition)

AdditionMar 2023Expired

$9K

DBS RESIDENTIAL SOLUTIONS INC

MiscAug 2022Closed

$23K

Honest Exteriors

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

Neighborhood Profile

Windom Park · Minneapolis

Median reported rent1,259/mo

Renter-occupied70.2%

Median home value$289K

Vacancy rate11.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1019

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 width40 ft

Buildable depth85 ft

Area~3,384 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 3,384 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
2241 PIERCE ST N E MINNEAPOLIS MN 55418	GRANITE PORT PROPERTIES LLC	RESIDENTIAL-TWO UNIT	$346,000	45 ft
2255 PIERCE ST N E MINNEAPOLIS MN 55418	ERIC & SHERRI CHINQUIST	RESIDENTIAL-TWO UNIT	$343,200	47 ft
2239 PIERCE ST N E MINNEAPOLIS MN 55418	ESSOFA GAFAR MOUMOUNI	RESIDENTIAL-TWO UNIT	$371,200	85 ft
2237 PIERCE ST N E MINNEAPOLIS MN 55418	VALERIE DECHEINE	RESIDENTIAL	$272,800	125 ft
2246 BUCHANAN ST N E MINNEAPOLIS MN 55418	JACK O BABCOCK ETAL	RESIDENTIAL	$386,000	143 ft
2238 BUCHANAN ST N E MINNEAPOLIS MN 55418	M HOLLAND & K HOLLAND	RESIDENTIAL	$496,400	143 ft
2301 PIERCE ST N E MINNEAPOLIS MN 55418	ERIC A & SHERRI L CHINQUIST	RESIDENTIAL-TWO UNIT	$386,700	153 ft
2233 PIERCE ST N E MINNEAPOLIS MN 55418	DANIEL J DISSELKAMP	RESIDENTIAL	$268,200	165 ft
2254 PIERCE ST N E MINNEAPOLIS MN 55418	HENNEPIN RP FUNDING LLC	RESIDENTIAL	$299,100	166 ft
2234 BUCHANAN ST N E MINNEAPOLIS MN 55418	P C REINHART & M J SANDSTEDT	RESIDENTIAL-TWO UNIT	$489,700	170 ft

Property History

Most Recent Sale

Date202206

Price$410,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,955