622 PIERCE ST N E MINNEAPOLIS MN 55413

PID: 1302924310115

Property Overview

Parcel ID1302924310115

Lot Size5,232 sq ft (0.120 ac)

Lot Dimensions (est.)124 ft wide × 42 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerYUHANG CHENG & LING QI

Assessed Value$297,500

Land Value$98,000

Building Value$199,500

Annual Tax$4,898

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

3 permits on record since 2018 · $5K total declared value · Most recent: Nov 2024 (misc)

MiscNov 2024Closed

$3K

Glamour Jack Construction LLC

RemodelSep 2018Expired

$1K

CROSS TIES CONSTRUCTION INC

ConversionMay 2018Closed

$500

Yuhang Cheng

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

Neighborhood Profile

Beltrami · 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

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth91 ft

Area~2,705 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 2,705 sqft buildable area.

Est. units

Yield on cost

4.1%

Spread

-1.4%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
626 PIERCE ST N E MINNEAPOLIS MN 55413	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	39 ft
618 PIERCE ST N E MINNEAPOLIS MN 55413	MITCHEL SCHULZETENBERG ET AL	RESIDENTIAL	$323,000	41 ft
630 PIERCE ST N E MINNEAPOLIS MN 55413	R J DELMORE & M D DELMORE	RESIDENTIAL	$372,500	78 ft
614 PIERCE ST N E MINNEAPOLIS MN 55413	D SNOOK & J M SNOOK	RESIDENTIAL	$325,000	80 ft
634 PIERCE ST N E MINNEAPOLIS MN 55413	STEPHANIE & JONATHAN O'BRIEN	RESIDENTIAL-TWO UNIT	$455,400	117 ft
610 PIERCE ST N E MINNEAPOLIS MN 55413	PAULA F CISEWSKI	RESIDENTIAL	$205,500	120 ft
623 FILLMORE ST N E MINNEAPOLIS MN 55413	J P FICTORIE & E FICTORIE	RESIDENTIAL	$324,500	138 ft
627 FILLMORE ST N E MINNEAPOLIS MN 55413	N J LONGWORTH/C M LONGWORTH	RESIDENTIAL	$296,700	143 ft
619 FILLMORE ST N E MINNEAPOLIS MN 55413	JOHANN G HAUSER-ULRICH	RESIDENTIAL	$157,100	144 ft
638 PIERCE ST N E MINNEAPOLIS MN 55413	JAMES M GRANSE	RESIDENTIAL-TWO UNIT	$276,300	157 ft

Property History

Most Recent Sale

Date201805

Price$243,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$4,898