1423 MONROE ST N E MINNEAPOLIS MN 55413

PID: 1402924110020

Property Overview

Parcel ID1402924110020

Lot Size5,008 sq ft (0.115 ac)

Lot Dimensions (est.)125 ft wide × 40 ft deep

Year Built1908

Property ClassRESIDENTIAL-TWO UNIT

OwnerANBASSA H BUKULA

Assessed Value$322,100

Land Value$115,000

Building Value$207,100

Annual Tax$6,117

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

No permits found in Minneapolis open data for this parcel.

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$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 depth85 ft

Area~2,555 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 2,555 sqft buildable area.

Est. units

Yield on cost

3.6%

Spread

-1.9%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1427 MONROE ST N E MINNEAPOLIS MN 55413	JOHN CRONIN	RESIDENTIAL-TWO UNIT	$465,100	40 ft
1417 MONROE ST N E MINNEAPOLIS MN 55413	P J JANELLE & V B JANELLE	RESIDENTIAL	$358,100	40 ft
1415 MONROE ST N E MINNEAPOLIS MN 55413	THOMAS LUBBEN/TERESA SUROWY	RESIDENTIAL	$324,600	80 ft
1431 MONROE ST N E MINNEAPOLIS MN 55413	ADAM SEAVEY	RESIDENTIAL	$517,800	83 ft
1411 MONROE ST N E MINNEAPOLIS MN 55413	ROSE J SCALZO TRUST	RESIDENTIAL-TWO UNIT	$396,000	120 ft
712 15TH AVE N E MINNEAPOLIS MN 55413	712 15TH AVENUE NE LLC	COMMERCIAL-PREFERRED	$1,410,000	138 ft
1407 MONROE ST N E MINNEAPOLIS MN 55413	N R SINGER & B A R SINGER	RESIDENTIAL	$396,500	160 ft
1400 QUINCY ST N E MINNEAPOLIS MN 55413	BEN JANSSENS PROPERTIES LLC	COMMERCIAL-PREFERRED	$655,000	162 ft
1503 MONROE ST N E MINNEAPOLIS MN 55413	W P SPEAKE & L M SPEAKE	RESIDENTIAL	$281,600	187 ft
1426 MONROE ST N E MINNEAPOLIS MN 55413	W G DENHAM & H A MULLER	RESIDENTIAL-TWO UNIT	$436,700	188 ft

Property History

Most Recent Sale

Date201006

Price$99,500

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$6,117