347 PIERCE ST N E MINNEAPOLIS MN 55413

PID: 1302924340154

Property Overview

Parcel ID1302924340154

Lot Size7,901 sq ft (0.181 ac)

Lot Dimensions (est.)132 ft wide × 60 ft deep

Year Built1988

Property ClassRESIDENTIAL

OwnerMICHAEL STALHEIM ET AL

Assessed Value$353,800

Land Value$130,000

Building Value$223,800

Annual Tax$5,918

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

4 permits on record since 2019 · $21K total declared value · Most recent: Feb 2020 (remodel)

RemodelFeb 2020Closed

$21K

KCR Corporation

ExistresJan 2020Closed

All Climate Mechanical LLC

ResJan 2020Closed

City Master Co

ResDec 2019Closed

Plumbing West Inc

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 width50 ft

Buildable depth92 ft

Area~4,582 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 4,582 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
343 PIERCE ST N E MINNEAPOLIS MN 55413	JEROME & MAGGIE JACOBS TRUST	RESIDENTIAL	$317,500	60 ft
351 PIERCE ST N E MINNEAPOLIS MN 55413	A M ASAMARAI/N S ASAMARAI	RESIDENTIAL	$353,000	64 ft
346 BUCHANAN ST N E MINNEAPOLIS MN 55413	ISABEL ROBLES LALA	RESIDENTIAL	$363,000	130 ft
337 PIERCE ST N E MINNEAPOLIS MN 55413	COMMUNITY HOUSING RESOURCES	APARTMENT	$0	131 ft
350 BUCHANAN ST N E MINNEAPOLIS MN 55413	BENJAMIN D AGADA	RESIDENTIAL	$340,300	142 ft
342 BUCHANAN ST N E MINNEAPOLIS MN 55413	MARIANA LUCIA ORTIZ	LAND - INDUSTRIAL	$16,200	178 ft
403 PIERCE ST N E MINNEAPOLIS MN 55413	A S DARAJI AND F A DARAJI	RESIDENTIAL	$317,100	193 ft
346 PIERCE ST N E MINNEAPOLIS MN 55413	COMMUNITY HOUSING RESOURCES	RESIDENTIAL	$0	197 ft
342 PIERCE ST N E MINNEAPOLIS MN 55413	JEN LAACK & ERIC BJERGAARD	RESIDENTIAL	$336,000	206 ft
350 PIERCE ST N E MINNEAPOLIS MN 55413	R C BIRKENHOLZ/R A SODERHOLM	RESIDENTIAL	$341,700	208 ft

Property History

Most Recent Sale

Date201206

Price$100

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$5,918