1507 MONROE ST N E MINNEAPOLIS MN 55413

PID: 1402924110027

Property Overview

Parcel ID1402924110027

Lot Size5,010 sq ft (0.115 ac)

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

Year Built1911

Property ClassRESIDENTIAL-TWO UNIT

OwnerM N TERFEHR & D J TERFEHR

Assessed Value$376,300

Land Value$115,000

Building Value$261,300

Annual Tax$7,147

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Permit History

6 permits on record since 2017 · $600 total declared value · Most recent: Dec 2022 (existres)

ExistresDec 2022Closed

Air Mechanical Inc

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ResFeb 2020Closed

CenterPoint Energy Resource Corp

ExistresOct 2018Closed

Air Mechanical Inc

ResNov 2017Closed

CHAMPION PLUMBING LLC

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$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

Front Street

On corner lots, the selected street determines which setbacks apply to each side.

Setbacks

Front20 ft

Interior side5 ft

Street side (est.)8 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width112 ft

Buildable depth0 ft

Area~2,301 sqft

Lot dimensions are insufficient for the standard setbacks shown.

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 2,301 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
1503 MONROE ST N E MINNEAPOLIS MN 55413	W P SPEAKE & L M SPEAKE	RESIDENTIAL	$281,600	35 ft
1511 MONROE ST N E MINNEAPOLIS MN 55413	ROBERT CRAIG	RESIDENTIAL	$353,800	40 ft
1515 MONROE ST N E MINNEAPOLIS MN 55413	TOM BURNS INVSTTS SOLO 401K	RESIDENTIAL-TWO UNIT	$356,100	80 ft
1519 MONROE ST N E MINNEAPOLIS MN 55413	WALTER E MCCABE & WIFE	RESIDENTIAL	$321,800	120 ft
1431 MONROE ST N E MINNEAPOLIS MN 55413	ADAM SEAVEY	RESIDENTIAL	$517,800	139 ft
711 15TH AVE N E MINNEAPOLIS MN 55413	AL TIGERS LLC	COMMERCIAL-PREFERRED	$3,440,000	156 ft
1523 MONROE ST N E MINNEAPOLIS MN 55413	D A JENNER & B R JENNER	RESIDENTIAL	$243,500	160 ft
1427 MONROE ST N E MINNEAPOLIS MN 55413	JOHN CRONIN	RESIDENTIAL-TWO UNIT	$465,100	182 ft
1500 MONROE ST N E MINNEAPOLIS MN 55413	ROBERT TICKLE	RESIDENTIAL	$316,100	187 ft
1508 MONROE ST N E MINNEAPOLIS MN 55413	M R PHIPPS & J M PHIPPS	RESIDENTIAL	$476,400	188 ft

Property History

Current Tax Year

Year2026

Tax Due$7,147