1620 CENTRAL AVE N E MINNEAPOLIS MN 55413

PID: 1402924110004

Property Overview

Parcel ID1402924110004

Lot Size247,265 sq ft (5.676 ac)

Lot Dimensions (est.)838 ft wide × 295 ft deep

Year Built1901

Property ClassCOMMERCIAL-NON PREFERRED

OwnerJGS MANAGEMENT LLC

Assessed Value$7,265,000

Land Value$2,303,100

Building Value$4,801,900

Annual Tax$270,541

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

High-Frequency Transit (5-min walk)High

Within a 5-minute walk of a high-frequency LRT or BRT stop — a positive factor for density bonuses and Met Council Livable Communities grant scoring.

Metro Council — Livable Communities ↗

Potential programs

Met Council Livable Communities GrantMedium

Competitive grants for affordable housing and transit-oriented development near high-frequency transit; proximity to LRT/BRT is a key scoring factor.

Metro Council — Livable Communities ↗

Signals are based on public datasets; program eligibility requires verification.

Permit History

62 permits on record since 2002 · $5.4M total declared value · Most recent: Apr 2025 (remodel)

RemodelApr 2025Final Inspection

$37K

BOHM CRE LLC

FoodbevJul 2024Expired

Bredahl Plumbing Inc

RemodelJun 2024Closed

$92K

JGS MGMT LLC

RemodelApr 2024Closed

$20K

Modify Construction LLC

Commercial MinorMar 2024Closed

NORTHERN AIR CORP

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

Neighborhood Profile

Logan Park · Minneapolis

Median reported rent647/mo

Renter-occupied60.8%

Median home value$341K

Vacancy rate7.9%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 1025

Market Snapshot

Zip code 55413

Median sale price$342K+2.2% YoY

Median price / sqft$237/sqft

Median days to close48 days

Active listings33

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

Zoning

PR1Production Mixed Use

Property History

Most Recent Sale

Date198612

Price$1,150,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$270,541

Development Feasibility

No buildable area could be estimated under current zoning setbacks. The lot may be too small or the setbacks consume the entire parcel.

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1512 CENTRAL AVE N E MINNEAPOLIS MN 55413	LANIKAI LLC	LAND - INDUSTRIAL	$235,000	169 ft
1708 CENTRAL AVE N E MINNEAPOLIS MN 55413	CENTRAL INVESTMENTS LLC	COMMERCIAL-PREFERRED	$1,299,000	272 ft
1510 CENTRAL AVE N E MINNEAPOLIS MN 55413	BURL NOR & SANTA FE RAILWAY	RAILROAD	$0	286 ft
917 18TH AVE N E MINNEAPOLIS MN 55418	PARALLEL NORTH PROP LLC	VACANT LAND-RESIDENTIAL	$83,000	327 ft
800 18TH AVE N E MINNEAPOLIS MN 55418	N P RY CO	LAND - INDUSTRIAL	$1,400	336 ft
1807 JACKSON ST N E MINNEAPOLIS MN 55418	PARALLEL NORTH PROPS LLC	RESIDENTIAL	$257,300	370 ft
1800 CENTRAL AVE N E MINNEAPOLIS MN 55418	KOERNER PROPERTIES LLC	COMMERCIAL-PREFERRED	$398,700	387 ft
835 18TH AVE N E MINNEAPOLIS MN 55418	MARISSA L PETERSON	RESIDENTIAL	$159,800	390 ft
825 18TH AVE N E MINNEAPOLIS MN 55418	MORGAN KRAUS	RESIDENTIAL-TWO UNIT	$216,000	412 ft
1811 JACKSON ST N E MINNEAPOLIS MN 55418	AVRA CHOWDHURY PRIYA	RESIDENTIAL-TWO UNIT	$262,000	413 ft