348 15TH AVE N E MINNEAPOLIS MN 55413

PID: 1402924210188

Property Overview

Parcel ID1402924210188

Lot Size4,165 sq ft (0.096 ac)

Lot Dimensions (est.)43 ft wide × 98 ft deep

Year Built1900

Property ClassTRIPLEX

OwnerKATHERINE E HEINEMANN

Assessed Value$355,300

Land Value$119,000

Building Value$236,300

Annual Tax$6,747

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictNo

Development Opportunities

Potentially 4d-Eligible PropertyMedium

Property type suggests multifamily rental use — may qualify for the Minneapolis 4d program, which reduces property taxes to ~0.25% in exchange for affordability commitments. Requires 3+ units and a current rental license.

Minneapolis — 4d Affordable Housing Incentive ↗

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

Permit History

No permits found in Minneapolis open data for this parcel.

Neighborhood Profile

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$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 width32 ft

Buildable depth59 ft

Area~1,886 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 1,886 sqft buildable area.

Est. units

Yield on cost

3.7%

Spread

-1.8%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
344 15TH AVE N E MINNEAPOLIS MN 55413	CHELSEA BRINK	RESIDENTIAL	$258,200	42 ft
1426 4TH ST N E MINNEAPOLIS MN 55413	DMTM REALTY LLC	COMMERCIAL-PREFERRED	$789,000	61 ft
1418 4TH ST N E MINNEAPOLIS MN 55413	DMTM REALTY LLC	LAND-COMMERCIAL	$126,700	76 ft
342 15TH AVE N E MINNEAPOLIS MN 55413	ADRIAN D ANDRES	RESIDENTIAL	$475,700	84 ft
1414 4TH ST N E MINNEAPOLIS MN 55413	JUSTIN VOEGELE	RESIDENTIAL-TWO UNIT	$200,000	125 ft
340 15TH AVE N E MINNEAPOLIS MN 55413	340 15TH LLC	RESIDENTIAL-TWO UNIT	$334,800	138 ft
1500 4TH ST N E MINNEAPOLIS MN 55413	WILLIAM & JODY PROPS LLC	RESIDENTIAL-TWO UNIT	$720,000	147 ft
349 15TH AVE N E MINNEAPOLIS MN 55413	15TH AVENUE NORD EAST LLC	TRIPLEX	$474,000	157 ft
1423 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	ERIK R BOIE	RESIDENTIAL	$345,000	166 ft
1417 UNIVERSITY AVE N E MINNEAPOLIS MN 55413	W B SENTYRZ & S A SENTYRZ	RESIDENTIAL	$248,000	171 ft

Property History

Most Recent Sale

Date201705

Price$288,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$6,747