1622 3RD ST N E MINNEAPOLIS MN 55413

PID: 1402924220022

Property Overview

Parcel ID1402924220022

Lot Size10,890 sq ft (0.250 ac)

Lot Dimensions (est.)165 ft wide × 66 ft deep

Year Built1984

Property ClassRESIDENTIAL

OwnerJOSHUA LARSON/KELLY LARSON

Assessed Value$434,800

Land Value$183,000

Building Value$251,800

Annual Tax$6,627

Environmental Constraints

FloodplainNo

WetlandsNone detected

Historic DistrictUnknown

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

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 width56 ft

Buildable depth125 ft

Area~6,998 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 6,998 sqft buildable area.

Est. units

Yield on cost

4.0%

Spread

-1.5%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1614 3RD ST N E MINNEAPOLIS MN 55413	BIANCA MATA/JACK MERCADO	RESIDENTIAL-TWO UNIT	$429,000	59 ft
1624 3RD ST NE MINNEAPOLIS MN 55413	DOUGLAS & ELENA KALLEVIG TRS	RESIDENTIAL-TWO UNIT	$358,700	66 ft
1610 3RD ST N E MINNEAPOLIS MN 55413	AMY V MILLER/DAVID C MILLER	RESIDENTIAL	$339,300	112 ft
1606 3RD ST N E MINNEAPOLIS MN 55413	LISA H GOLDISH	RESIDENTIAL	$337,100	164 ft
1623 2ND ST N E MINNEAPOLIS MN 55413	CYNTHIA SCOTT	RESIDENTIAL	$282,100	165 ft
1621 2ND ST N E MINNEAPOLIS MN 55413	GILLIAN MCNULTY-BROWN	RESIDENTIAL-TWO UNIT	$501,300	165 ft
1619 2ND ST N E MINNEAPOLIS MN 55413	J LITTLEJOHN & M TAYLOR	RESIDENTIAL-TWO UNIT	$350,600	172 ft
1625 2ND ST N E MINNEAPOLIS MN 55413	CYNTHIA SCOTT	VACANT LAND-RESIDENTIAL	$132,000	177 ft
1613 2ND ST N E MINNEAPOLIS MN 55413	MARIA R AVALOS DE VASQUEZ	RESIDENTIAL	$294,100	189 ft
219 16TH AVE N E MINNEAPOLIS MN 55413	C E SMITH & G D SMITH	RESIDENTIAL-TWO UNIT	$371,400	195 ft

Property History

Most Recent Sale

Date201502

Price$220,000

TypePROBATE DEED

Current Tax Year

Year2026

Tax Due$6,627