1115 MONROE ST N E MINNEAPOLIS MN 55413

PID: 1402924140023

Property Overview

Parcel ID1402924140023

Lot Size5,031 sq ft (0.116 ac)

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

Year Built1900

Property ClassRESIDENTIAL-TWO UNIT

OwnerRICHARD LOVELESS

Assessed Value$401,200

Land Value$115,000

Building Value$286,200

Annual Tax$7,619

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

UN3Urban Neighborhood 3

Urban Neighborhood 3 — medium-density residential

Typical Uses

·Apartment buildings
·Mixed-use with neighborhood retail

Max Height50 ft

Development Potential

Setbacks

Front20 ft

Side (each)5 ft

Rear20 ft

Estimated Buildable Footprint

Buildable width30 ft

Buildable depth86 ft

Area~2,572 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 2,572 sqft buildable area.

Est. units

Yield on cost

3.5%

Spread

-2.0%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1119 MONROE ST N E MINNEAPOLIS MN 55413	DANIEL D ANDERSON	RESIDENTIAL-TWO UNIT	$399,200	40 ft
1111 MONROE ST N E MINNEAPOLIS MN 55413	N D LYKKE & D R LYKKE	RESIDENTIAL-TWO UNIT	$382,500	40 ft
1123 MONROE ST N E MINNEAPOLIS MN 55413	JANET L BAYLISS	RESIDENTIAL-TWO UNIT	$451,800	80 ft
1105 MONROE ST N E MINNEAPOLIS MN 55413	KRISTIAN SCOT OYEN	RESIDENTIAL-TWO UNIT	$402,800	80 ft
1127 MONROE ST N E MINNEAPOLIS MN 55413	BENJAMIN E DURRANT	RESIDENTIAL-TWO UNIT	$410,500	120 ft
1101 MONROE ST N E MINNEAPOLIS MN 55413	HAB LLC	RESIDENTIAL-TWO UNIT	$382,800	123 ft
709 BROADWAY ST N E MINNEAPOLIS MN 55413	HAB LLC	RESIDENTIAL	$300,000	126 ft
1110 QUINCY ST N E MINNEAPOLIS MN 55413	807 BROADWAY REVIVAL LLC	LAND-COMMERCIAL	$76,200	138 ft
713 BROADWAY ST N E MINNEAPOLIS MN 55413	HAB LLC	RESIDENTIAL	$102,000	151 ft
1131 MONROE ST N E MINNEAPOLIS MN 55413	MARY BETH GILHOOLY	RESIDENTIAL-TWO UNIT	$394,600	160 ft

Property History

Most Recent Sale

Date200505

Price$309,900

TypeWARRANTY DEED

Current Tax Year

Year2026

Tax Due$7,619