1506 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924220043

Property Overview

Parcel ID1402924220043

Lot Size5,445 sq ft (0.125 ac)

Lot Dimensions (est.)165 ft wide × 33 ft deep

Year Built1900

Property ClassRESIDENTIAL

OwnerKELSEY M FITTANTE

Assessed Value$350,000

Land Value$132,000

Building Value$218,000

Annual Tax$5,208

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

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$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 width23 ft

Buildable depth125 ft

Area~2,875 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 2,875 sqft buildable area.

Est. units

Yield on cost

3.8%

Spread

-1.7%

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Nearby Parcels

Address	Owner	Class	Assessed Value	Distance
1510 2ND ST N E MINNEAPOLIS MN 55413	A M JOHNSON & K WESTFALL	RESIDENTIAL	$300,300	33 ft
1504 2ND ST N E MINNEAPOLIS MN 55413	MICHAEL MITAT YETISIR	RESIDENTIAL	$340,000	41 ft
175 15TH AVE N E MINNEAPOLIS MN 55413	JARED PLAMANN	RESIDENTIAL	$326,300	77 ft
1514 2ND ST N E MINNEAPOLIS MN 55413	PATRICK J O'BRIEN	RESIDENTIAL-TWO UNIT	$414,100	82 ft
165 15TH AVE N E MINNEAPOLIS MN 55413	MARK BUTLER	RESIDENTIAL	$212,000	83 ft
161 15TH AVE N E MINNEAPOLIS MN 55413	NORDEAST BIRD SEN LLC ET AL	RESIDENTIAL-TWO UNIT	$401,100	135 ft
1524 2ND ST N E MINNEAPOLIS MN 55413	WILLIAM CHARLES LLC	TRIPLEX	$573,500	151 ft
1507 MAIN ST N E MINNEAPOLIS MN 55413	CHAD SCHULTZ	RESIDENTIAL-TWO UNIT	$284,600	165 ft
1511 MAIN ST N E MINNEAPOLIS MN 55413	TIFFANY A BOWMAN	RESIDENTIAL-TWO UNIT	$329,700	168 ft
1515 MAIN ST N E MINNEAPOLIS MN 55413	MELISSA M GORMAN	RESIDENTIAL-TWO UNIT	$478,500	184 ft

Property History

Most Recent Sale

Date202108

Price$285,000

Type—

Current Tax Year

Year2026

Tax Due$5,208