348 16TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924210013

Property Overview

Parcel ID1402924210013

Lot Size6,046 sq ft (0.139 ac)

Lot Dimensions (est.)50 ft wide × 121 ft deep

Year Built1903

Property ClassRESIDENTIAL

OwnerCINDY E RASMUSSEN

Assessed Value$231,700

Land Value$143,000

Building Value$88,700

Annual Tax$3,226

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

1 permit on record since 2017 · Most recent: Jan 2017 (existres)

ExistresJan 2017Closed

Centraire Heating & Air Conditioning LLC

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

Neighborhood Profile

Sheridan · Minneapolis

Median reported rent1,466/mo

Renter-occupied71.3%

Median home value$320K

Vacancy rate11.3%

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

Source: 2022 ACS 5-Year Estimates · Census Tract 24

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

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 width40 ft

Buildable depth81 ft

Area~3,238 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 3,238 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
346 16TH AVE N E MINNEAPOLIS MN 55413	CHELSI ZEBRO	RESIDENTIAL	$194,000	37 ft
344 16TH AVE N E MINNEAPOLIS MN 55413	JOHN I GOETTL	TRIPLEX	$311,600	62 ft
1528 4TH ST N E MINNEAPOLIS MN 55413	JORY INVESTMENTS LLC	RESIDENTIAL-TWO UNIT	$460,000	70 ft
1518 4TH ST N E MINNEAPOLIS MN 55413	ROSS SANDELL	RESIDENTIAL-TWO UNIT	$295,400	73 ft
340 16TH AVE N E MINNEAPOLIS MN 55413	SHERIDAN BOTTIN LLC	RESIDENTIAL-TWO UNIT	$345,600	87 ft
1516 4TH ST N E MINNEAPOLIS MN 55413	C, K & A ELECTRIC PROPS LLC	RESIDENTIAL-TWO UNIT	$451,800	99 ft
338 16TH AVE N E MINNEAPOLIS MN 55413	RITA FAYE FISHER	RESIDENTIAL	$250,000	112 ft
336 16TH AVE N E MINNEAPOLIS MN 55413	ATM PROPERTIES LLC	LOW INCOME RENTAL	$290,300	137 ft
1512 4TH ST N E MINNEAPOLIS MN 55413	J & J PINSKI	RESIDENTIAL-TWO UNIT	$442,300	142 ft
1600 4TH ST N E MINNEAPOLIS MN 55413	CHURCH/HOLY CROSS/MPLS MN	RESIDENTIAL-TWO UNIT	$0	149 ft

Property History

Most Recent Sale

Date200311

Price$500

TypeQUIT CLAIM DEED

Current Tax Year

Year2026

Tax Due$3,226