1514 2ND ST N E MINNEAPOLIS MN 55413

PID: 1402924220045

Property Overview

Parcel ID1402924220045

Lot Size10,890 sq ft (0.250 ac)

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

Year Built1912

Property ClassRESIDENTIAL-TWO UNIT

OwnerPATRICK J O'BRIEN

Assessed Value$414,100

Land Value$174,000

Building Value$240,100

Annual Tax$6,280

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

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 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 3-story wood frame (5–12 units) benchmarks for 6,998 sqft buildable area.

Est. units

Yield on cost

4.2%

Spread

-1.3%

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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	49 ft
1524 2ND ST N E MINNEAPOLIS MN 55413	WILLIAM CHARLES LLC	TRIPLEX	$573,500	70 ft
1506 2ND ST N E MINNEAPOLIS MN 55413	KELSEY M FITTANTE	RESIDENTIAL	$350,000	82 ft
148 16TH AVE N E MINNEAPOLIS MN 55413	W J THOMPSON & A S THOMPSON	RESIDENTIAL	$390,000	117 ft
1504 2ND ST N E MINNEAPOLIS MN 55413	MICHAEL MITAT YETISIR	RESIDENTIAL	$340,000	120 ft
144 16TH AVE N E MINNEAPOLIS MN 55413	KATHRYN HAYES	RESIDENTIAL-TWO UNIT	$334,600	131 ft
142 16TH AVE N E MINNEAPOLIS MN 55413	D T HOFSTEDE & A A HOFSTEDE	RESIDENTIAL	$338,700	142 ft
1528 2ND ST N E MINNEAPOLIS MN 55413	MARIE LARSEN	RESIDENTIAL	$283,100	146 ft
165 15TH AVE N E MINNEAPOLIS MN 55413	MARK BUTLER	RESIDENTIAL	$212,000	151 ft
175 15TH AVE N E MINNEAPOLIS MN 55413	JARED PLAMANN	RESIDENTIAL	$326,300	158 ft

Property History

Most Recent Sale

Date200107

Price$95,000

TypeOTHER – SEE CERTIFICATE OF REAL ESTATE VALUE (CRV)

Current Tax Year

Year2026

Tax Due$6,280