1722 PIERCE ST N E MINNEAPOLIS MN 55413

PID: 1302924210041

Property Overview

Parcel ID1302924210041

Lot Size6,251 sq ft (0.144 ac)

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

Year Built1900

Property ClassRESIDENTIAL

OwnerA L G MATTHES/L L K MATTHES

Assessed Value$271,000

Land Value$112,000

Building Value$159,000

Annual Tax$4,228

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

2 permits on record since 2019 · Most recent: Dec 2020 (existres)

ExistresDec 2020Closed

RONALD P FJERSTAD

ResJan 2019Closed

CenterPoint Energy Resource Corp

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

Neighborhood Profile

Northeast Park · Minneapolis

Median reported rent1,449/mo

Renter-occupied53.8%

Median home value$277K

Vacancy rate1.6%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1026

Market Snapshot

Zip code 55413

Median sale price$350K+2.9% YoY

Median price / sqft$213/sqft

Median days to close69 days

Active listings27

Source: Redfin Data Center (Invalid Date) · Zip 55413

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 width112 ft

Buildable depth10 ft

Area~3,145 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 3,145 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1718 PIERCE ST N E MINNEAPOLIS MN 55413	G D LAWSON & K E LAWSON	RESIDENTIAL	$309,700	50 ft
1714 PIERCE ST N E MINNEAPOLIS MN 55413	MICHAEL G SHANE	RESIDENTIAL-TWO UNIT	$378,100	100 ft
1208 18TH AVE N E MINNEAPOLIS MN 55418	S J CANNON & E M GREGOR	RESIDENTIAL	$269,700	139 ft
1217 18TH AVE N E MINNEAPOLIS MN 55418	KATHERINE DENISE JOHNSON	RESIDENTIAL	$526,000	144 ft
1719 FILLMORE ST N E MINNEAPOLIS MN 55413	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	148 ft
1710 PIERCE ST N E MINNEAPOLIS MN 55413	SHANNON SANFORD	RESIDENTIAL-TWO UNIT	$350,600	150 ft
1221 18TH AVE N E MINNEAPOLIS MN 55418	WEN YAN KING & WEN TSAI KING	RESIDENTIAL-TWO UNIT	$323,800	151 ft
1215 18TH AVE N E MINNEAPOLIS MN 55418	ROBIN IRWIN	RESIDENTIAL	$312,200	151 ft
1715 FILLMORE ST N E MINNEAPOLIS MN 55413	MATTHEW ROGER HELD	RESIDENTIAL-TWO UNIT	$380,400	171 ft
1209 18TH AVE N E MINNEAPOLIS MN 55418	ARABESQUE DTRSD PROP INV LLC	APARTMENT	$413,000	174 ft

Property History

Most Recent Sale

Date199106

Price$78,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$4,228