423 PIERCE ST N E MINNEAPOLIS MN 55413

PID: 1302924340140

Property Overview

Parcel ID1302924340140

Lot Size6,854 sq ft (0.157 ac)

Lot Dimensions (est.)131 ft wide × 52 ft deep

Year Built1985

Property ClassRESIDENTIAL

OwnerS DIEP & N E MATTSON

Assessed Value$369,000

Land Value$123,000

Building Value$246,000

Annual Tax$5,908

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $26K total declared value · Most recent: Nov 2022 (misc)

MiscNov 2022Closed

$12K

Viking Contractors LLC

AdditionJul 2019Closed

$7K

KRUSER CONSTRUCTION

ResNov 2018Closed

CHAMPION PLUMBING LLC

ResOct 2017Closed

THARALDSON PLUMBING AND HEATING LLC

MiscAug 2017Closed

$8K

HASTINGS SIDING AND REMODELING

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 width43 ft

Buildable depth89 ft

Area~3,854 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 3,854 sqft buildable area.

Est. units

Yield on cost

3.9%

Spread

-1.6%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
427 PIERCE ST N E MINNEAPOLIS MN 55413	MANJIT SINGH/SIMARPREET KAUR	RESIDENTIAL	$26,000	46 ft
415 PIERCE ST N E MINNEAPOLIS MN 55413	RICARDO INAMAGUA	RESIDENTIAL	$324,900	55 ft
427 PIERCE ST N E MINNEAPOLIS MN 55413	MANJIT SINGH/SIMARPREET KAUR	RESIDENTIAL	$373,000	61 ft
431 PIERCE ST N E MINNEAPOLIS MN 55413	MACKENZIE G KIESEL	RESIDENTIAL	$293,800	95 ft
409 PIERCE ST N E MINNEAPOLIS MN 55413	ABDIMALIK S OSMAN ET AL	RESIDENTIAL	$339,200	113 ft
420 BUCHANAN ST N E MINNEAPOLIS MN 55413	CHRISTOPHER PETROS	RESIDENTIAL-TWO UNIT	$425,700	132 ft
435 PIERCE ST N E MINNEAPOLIS MN 55413	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	135 ft
414 BUCHANAN ST N E MINNEAPOLIS MN 55413	JOANNE R GREEN	RESIDENTIAL	$325,000	141 ft
428 BUCHANAN ST N E MINNEAPOLIS MN 55413	K M AL AJMI & N L MILLS	RESIDENTIAL	$347,600	147 ft
408 BUCHANAN ST N E MINNEAPOLIS MN 55413	JEAN S HEBRES	RESIDENTIAL	$306,200	172 ft

Property History

Most Recent Sale

Date202309

Price$413,000

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$5,908